Gorman Management Company
- Tom GormanPresident · Company website
How we got $28.1M
Based on its 130 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
Signs of a sale Likely to sell
- In business 47 years (since 1979)
- Founder still runs it after 47 years
- Family in the business (Tom Gorman, President)
From public records and the company's website, not a statement that it's for sale.
What they do
Gorman Management Company manages conventional, public housing, and commercial properties across Oklahoma, offering housing for families, senior adults, and people with physical and emotional disabilities.
From the company's website. Industry: Residential Property Managers.
Estimated value over time
▲ 23% since 2020Today's estimate scaled by the headcount reported each year and that year's prices. A trend, not a record of past sale values.
Employees over time
▲ 1% since 2020Show as table
| Year | Source | Employees | Est. revenue |
|---|---|---|---|
| 2020 | PPP loan | 130 | $16.0M |
| 2020 | Form 5500 | 114 | $14.0M |
| 2021 | Form 5500 | 115 | $14.1M |
| 2022 | Form 5500 | 113 | $13.9M |
| 2023 | Form 5500 | 116 | $14.3M |
| 2024 | Form 5500 | 125 | $15.4M |
| 2025 | Form 5500 | 131 | $16.1M |
Participants are employees in the company's retirement plan at year end, from its Form 5500 filing with the Department of Labor. They usually run a little under total headcount (part-timers and new hires may not be eligible). Revenue and EBITDA apply this industry's revenue per employee and margin to each year's count.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| GORMAN MANAGEMENT COMPANY this business | $25.0M | — |
| GEORGE JOHNSON APPRAISAL SERVICE, INC Bartlesville · 2 employees | $555K | 1.3 mi |
| George Johnson Real Estate Bartlesville | $1.1M | 1.3 mi |
| GILLUM REAL ESTATE LLC Bartlesville · 1 employees | $392K | 2.1 mi |
| MARK & CHERYL FREGIN, LLC Bartlesville · 2 employees | $469K | 4.2 mi |
| KKA MANAGEMENT INC Bartlesville · 2 employees | $578K | 4.6 mi |
| KKK REAL ESTATE, LLC Bartlesville · 6 employees | $1.3M | 4.6 mi |
The full calculation
| Employees reported to the SBA | 130 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $20.7M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $23.3M |
| Estimate: the two combined (geometric mean) | $25.0M |
| EBITDA margin (industry, adjusted for size) | 22% |
| EBITDA = revenue × margin | $5.4M |
Figures are shown toward the upper part of their range rather than at its middle.
Brought up to date assuming revenue has grown 8% a year since 2020, when the PPP figures were reported; included above.
| Estimated value = EBITDA × typical sale multiple | $28.1M |
| Multiple for this size and industry | 5.2× |
| Value range | $14.8M – $38.4M |
| Revenue range | $16.4M – $28.5M |
| EBITDA range | $3.6M – $6.2M |
| Industry (NAICS) | Residential Property Managers (531311) |
EBITDA margin: from IRS tax returns of S corporations in this industry (2019–2022), adjusted for company size: smaller companies typically run higher margins. EBITDA here is after owners' salaries.
Benchmarks: US Economic Census 2022, OK. PPP loans were sized on 2019–2020 payroll, so figures reflect that period. These are statistical estimates, not reported financials. Full methodology
History & advisors
“Gorman Management Company was established in 1979 by Art Gorman.”
Advisors
- BankingArvest BankPPP / SBA lender
From the company's own website and public filings (DOL Form 5500, IRS Form 990, SBA). Roles are as stated there and may be out of date.
Banking relationships
| Arvest Bank PPP 2020 | All 5,114 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/4/2020 | first | $1.1M | 130 |
2 locations
| 398060 W 2200 RD | Bartlesville | This listing |
| 1700 W 2nd St | Bartlesville | View |
Revenue, profit and value are for the whole company.
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Gorman Management Company
Gorman Management Company is a family-owned residential property managers company in Bartlesville, Oklahoma, in business since 1979. It is owned by Art Gorman (Founder). Its estimated annual revenue is about $25.0M, with roughly $5.4M of EBITDA. It has about 131 employees. Its estimated business value is $28.1M (likely range $14.8M–$38.4M). It has 2 locations.
Common questions
- Who owns Gorman Management Company?
- Gorman Management Company is owned by Art Gorman (Founder), according to public sources such as the company's website or filings.
- How much revenue does Gorman Management Company make?
- SeeBITDA estimates Gorman Management Company's annual revenue at about $25.0M (likely between $16.4M and $28.5M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Gorman Management Company worth?
- About $28.1M, roughly 5.2× its estimated EBITDA of $5.4M, typical for a residential property managers company its size. Likely range: $14.8M–$38.4M.
- How many employees does Gorman Management Company have?
- About 131, from its 2025 retirement-plan filing.
- When was Gorman Management Company founded?
- Gorman Management Company has been in business since 1979.
- Is Gorman Management Company for sale?
- There's no public listing, but it shows signs that often come before a sale: in business 47 years (since 1979); founder still runs it after 47 years; family in the business (tom gorman, president).