OCEAN CHARTER SCHOOL (EIN 020612690) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

KRISTY MACK-FETT

Phone

3108275511

Tax Period

2024-07-01 to 2025-06-30

OCEAN CHARTER SCHOOL, founded in 2002, is a community nonprofit in the Education sector that reported $8.3M in total revenue in fiscal year 2024. Net assets of $44.6M represent 64 months of operating reserves.

Mission

TO OPERATE A CALIFORNIA PUBLIC CHARTER SCHOOL FOR GRADES TK-8TH GRADE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,712,138

Program Service Revenue $554,806

Investment Income $32,902

Other Revenue $9,364

TOTAL REVENUE $8,309,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,869,945

Fundraising Expenses $3,450

Program Expenses $7,270,361

Other Expenses $4,145,721

TOTAL EXPENSES $9,015,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,309,210	$8,216,715	+0.0%
Expenses	$9,015,666	$8,848,212	+0.0%
Net Income	$-706,456	$-631,497	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

115

Volunteers

100

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$205,374

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRISTY MACK-FETT	EXECUTIVE DIRECTOR	40.00	Officer	$145,095	$60,279	$205,374
LAURA STOLAND	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
JOSHUA STOKES	VICE CHAIR	0.50	Officer Director	$0	$0	$0
MAYA RAO	SECRETARY	0.50	Officer Director	$0	$0	$0
TAMMY STANTON	TREASURER	2.00	Officer Director	$0	$0	$0
SUE INGLES	TRUSTEE	2.00	Director	$0	$0	$0
EDWARD EADON	TRUSTEE	4.00	Director	$0	$0	$0
JENNIE KARRER	PARENT TRUSTEE	0.50	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$8,309,210	$9,015,666	$56,102,224	$-706,456
2024	$8,216,715	$8,848,212	$57,550,454	$-631,497
2023	$8,261,048	$8,713,661	$58,695,248	$-452,613
2022	$8,101,085	$7,863,250	$59,238,580	$237,835
2021	$11,154,446	$6,390,573	$59,974,636	$4,763,873
2020	$26,128,616	$5,872,172	$78,042,243	$20,256,444
2019	$24,898,544	$6,158,443	$70,995,905	$18,740,101
2018	$23,600,102	$5,624,634	$53,967,442	$17,975,468

OCEAN CHARTER SCHOOL