SeeBITDAOklahoma

Independent Opportunities Inc

  • 6202 S Lewis Ave Ste P, Tulsa, OK
  • 3 locations
  • Since 2014
  • NAICS 624120
Reported revenueReported figures
$39.7M
$37.7Mlikely range$41.7M
Revenue
$39.7M
a year
Profit (EBITDA)
$3.9M
10% of revenue
Employees
323
reported in 2021
Leadership
Ray Nichols
Board President · source · confirmed by 2 sources
  • Eddie Theirl Jarman
    President · Form 990
  • Jeff Chambers
    Vice President · Form 990
  • D Kevin Ikenberry
    Secretary/Treasurer · Form 990
  • Erich Audretsch
    Outgoing Treasurer/Secretary · Form 990
  • Julie Smith
    Operations Director · Form 990
Has a management team. Someone besides the owner runs part of the business, which buyers pay more for.

How we got $39.7M

Based on IRS Form 990 (2025).

Reported revenue, IRS Form 990 (2025)$39.7M
× 10% profit margin$3.9M

· Own this business? Correct these figures

What we know

PPP loan, 2021
No 401(k) filing
Reported financials
Company website
Owner named
3 locations found

What they do

Independent Opportunities, Inc. is a not-for-profit corporation that provides residential and habilitative services to people with intellectual and developmental disabilities, helping them live independently in their own communities.

Products & services
Daily Living SupportsSupported LivingIn-Home Supports WaiverAdult Companion contractsHabilitation Training SpecialistsRespiteTransportationEmployment OpportunitiesImplementing and tracking outcomesAdministering medicationsProviding transportationAssisting with ambulation and personal care needs
Service area
Tulsa, OKOklahoma City, OKMuskogee, OKEnid, OKWoodward, OKOklahomaTennessee

From the company's website. Industry: Home health & senior care.

Compared with similar businesses nearby

BusinessEst. revenueEst. profitDistance
INDEPENDENT OPPORTUNITIES INC
this business
$39.7M$3.9M—
IMPROVING LIVES COUNSELING SERVICES INC
Tulsa · 7 employees
$1.5M$195K0.0 mi
Caring Matters Home Care
Tulsa
$1.5M$328K0.8 mi
Amada Senior Care
Tulsa
$2.0M$252K0.8 mi
BETTY JACKSON COUNSELING SERVICES, PC
Tulsa · 70 employees
$11.8M$1.2M0.8 mi
THE TRISTESSE GRIEF CENTER
Tulsa · 12 employees
$724K$105K0.9 mi
HARVEST HOUSE OUTREACH, INC.
Tulsa · 10 employees
$402K$68K1.0 mi

The full calculation

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.

These are the business's own reported figures, from its IRS Form 990 filing, not an estimate. EBITDA applies the industry margin to reported revenue.

Revenue range$37.7M – $41.7M
EBITDA range$3.7M – $4.1M
Industry (NAICS)Services for the Elderly and Persons with Disabilities (624120)

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

Advisors

  • AccountingCohnreznick Advisory LLCPrepared its Form 990
  • BankingCrossFirst 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

CrossFirst Bank
PPP 2021
All 299 borrowers →

From PPP and SBA loan records, which name the bank but not the individual banker.

PPP loans

ApprovedDrawAmountForgivenJobsLender
4/7/2021first$1.5M$1.5M323CrossFirst Bank

3 locations

6202 S Lewis Ave Ste PTulsaThis listing
3000 United Founders Blvd Ste 221Oklahoma CityView
1106 Hillcrest DrWoodwardView

Revenue, profit and value are for the whole company.

Public records

IRS Form 990
Nonprofit
Revenue (2025)$39.7M
Assets$27.4M
Tax-exempt since1991
LinkedIn company page
Size as the company lists it
Employees—

Matched to this business by name and address from public government data; a match can occasionally be wrong.

About Independent Opportunities Inc

Independent Opportunities Inc is a home health & senior care company in Tulsa, Oklahoma, in business since 2014. It is owned by Ray Nichols (Board President). Its reported annual revenue is about $39.7M, with roughly $3.9M of EBITDA. It has about 323 employees. It has 3 locations.

Common questions

Who owns Independent Opportunities Inc?
Independent Opportunities Inc is owned by Ray Nichols (Board President), according to public sources such as the company's website or filings.
How much revenue does Independent Opportunities Inc make?
Independent Opportunities Inc reported revenue of about $39.7M.
How many employees does Independent Opportunities Inc have?
About 323, as reported on its PPP loan.
When was Independent Opportunities Inc founded?
Independent Opportunities Inc has been in business since 2014.