Spirit Human Resources LLC
How we got $1.9M
Based on its 8 employees and its payroll, both reported for PPP in 2020 and brought up to date.
What we know
What they do
Spirit HR is a professional employer organization (PEO) in Oklahoma City that handles payroll, benefits, workers' comp, HR compliance and risk management for growing businesses.
From the company's website. Industry: Consulting.
Customers & suppliers
Possible customers nearby
The largest businesses within about 60 miles in the markets its website says it serves.
- LSB INDUSTRIES, INC · Oklahoma City, 1 mi · $615.2M
- DELAWARE RESOURCE GROUP OF OKLAHOMA, LLC · Oklahoma City, 6 mi · $339.6M
- SOUTHWESTERN WIRE INC · Norman, 24 mi · $312.4M
- AIRX CLIMATE SOLUTIONS, INC. · Yukon, 12 mi · $245.1M
- MERCER VALVE CO., INC. · Oklahoma City, 7 mi · $232.0M
- LIFE. CHURCH OPERATIONS, LLC · Edmond, 12 mi · $116.4M
- OKLAHOMA CITY BOATHOUSE FOUNDATION · Oklahoma City, 5 mi · $68.4M
- THE EPISCOPAL DIOCESES OF OKLAHOMA, INC. · Oklahoma City, 5 mi · $62.7M
- CROSSINGS COMMUNITY CHURCH, INC · Oklahoma City, 3 mi · $52.1M
- COMMUNITIES FOUNDATION OF OKLAHOMA · Oklahoma City, 3 mi · $48.7M
Estimated value over time
▲ 35% 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.
Compared with similar businesses nearby
| Business | Est. revenue | Distance |
|---|---|---|
| SPIRIT HUMAN RESOURCES LLC this business | $2.8M | — |
| JERRIS JOHNSON Oklahoma City · 1 employees | $335K | 0.1 mi |
| NEXUS GLOBAL SOLUTIONS INC. Oklahoma City · 4 employees | $2.2M | 0.1 mi |
| TOTAL COMPLIANCE CONNECTION, LLC Oklahoma City · 3 employees | $1.5M | 0.1 mi |
| 5 FOR 5 LLC Oklahoma City · 5 employees | $2.1M | 0.2 mi |
| MVA LIEN RECOVERY LLC Oklahoma City · 1 employees | $379K | 0.3 mi |
| TOWER 49 INC Oklahoma City · 2 employees | $603K | 0.3 mi |
The full calculation
| Employees reported to the SBA | 8 |
| Revenue from headcount (employees × revenue per employee for companies this size) | $2.4M |
| Revenue from PPP payroll (payroll ÷ payroll's share of revenue for companies this size) | $2.5M |
| Estimate: the two combined (geometric mean) | $2.8M |
| EBITDA margin (industry, adjusted for size) | 18% |
| EBITDA = revenue × margin | $502K |
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 | $1.9M |
| Multiple for this size and industry | 3.8× |
| Value range | $1.0M – $2.6M |
| Revenue range | $1.8M – $3.2M |
| EBITDA range | $330K – $572K |
| Industry (NAICS) | Human Resources Consulting Services (541612) |
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
People & advisors
“In 2015 they founded Spirit HR, bringing many of the same leaders and the same philosophy: personal, high-touch service backed by enterprise-grade capability.”
Leadership
- MCMarilyn ConyerCo-Founder & Board Member · Company website · source
- SPSandy PowellDirector of Human Resources · Company website · source
- TPToby PortilloPayroll Team Lead · Company website · source
- MWMorgan WilsonVP of Insurance & Risk · Company website · source
- AHAlex HillDirector of Sales · Company website · source
- AGAdam GrahamChief Executive Officer · Company website · source
Advisors
- BankingBOKF, National AssociationPPP / 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
| BOKF, National Association PPP 2020 | All 2,399 borrowers → |
From PPP and SBA loan records, which name the bank but not the individual banker.
PPP loans
| Approved | Draw | Amount | Jobs |
|---|---|---|---|
| 4/11/2020 | first | $117K | 8 |
Public records
Matched to this business by name and address from public government data; a match can occasionally be wrong.
About Spirit Human Resources LLC
Spirit Human Resources LLC is a consulting company in Oklahoma City, Oklahoma, in business since 2014. It is owned by Dale Hageman (Founder). Its estimated annual revenue is about $2.8M, with roughly $502K of EBITDA. It has about 8 employees. Its estimated business value is $1.9M (likely range $1.0M–$2.6M).
Common questions
- Who owns Spirit Human Resources LLC?
- Spirit Human Resources LLC is owned by Dale Hageman (Founder), according to public sources such as the company's website or filings.
- How much revenue does Spirit Human Resources LLC make?
- SeeBITDA estimates Spirit Human Resources LLC's annual revenue at about $2.8M (likely between $1.8M and $3.2M), based on public records such as its PPP loan and retirement-plan filings, brought up to 2026.
- What is Spirit Human Resources LLC worth?
- About $1.9M, roughly 3.8× its estimated EBITDA of $502K, typical for a consulting company its size. Likely range: $1.0M–$2.6M.
- How many employees does Spirit Human Resources LLC have?
- About 8, as reported on its PPP loan.
- When was Spirit Human Resources LLC founded?
- Spirit Human Resources LLC has been in business since 2014.