Options In Education Inc

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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

1994

Legal Domicile

Principal Officer

Peter Steedman

Phone

5086939900

Tax Period

2023-01-01 to 2023-12-31

Options In Education Inc, founded in 1994, is a small nonprofit in the Education sector that reported $240K in total revenue in fiscal year 2023. Expenses of $220K left a modest 8% surplus.

Mission

The organization was formed to support and promote innovative educational programs on Marthas Vineyard; to raise funds for a charter school; and to evenutally operate a summer program offering educational activities

Program Service Accomplishments

Program 1

Expenses: $155,757 Revenue: $0

The organization was formed to support and promote educational programs on Marthas Vineyard. Its main activity is the financing of capital improvements of facilities that are leased to the Marthas...

The organization was formed to support and promote educational programs on Marthas Vineyard. Its main activity is the financing of capital improvements of facilities that are leased to the Marthas Vineyard Public Charter School. Expenses consist primarily of the depreciation on buildings and improvements of facilities leased.

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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 (2023)

Revenue Breakdown

Contributions & Grants $35,844

Program Service Revenue $0

Investment Income $2,442

Other Revenue $201,765

TOTAL REVENUE $240,051

Expense Breakdown

Grants Paid $4,500

Salaries & Benefits $0

Fundraising Expenses $46,965

Program Expenses $155,757

Other Expenses $215,189

TOTAL EXPENSES $219,689

Year-over-Year Comparison

	2023	2022	Change
Revenue	$240,051	$222,670	+0.1%
Expenses	$219,689	$164,050	+0.3%
Net Income	$20,362	$58,620	-0.7%

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

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Pete Steedman	President	5.00	Director	$0	$0	$0
Jonathan Chatinover	Treasurer	3.00	Director	$0	$0	$0
David Welch	Board Member	1.00	Director	$0	$0	$0
Lin Gallant	Board Member	1.00	Director	$0	$0	$0
Laura Hern	Board Member	1.00	Director	$0	$0	$0
Makenzie Brookes	Board Member	1.00	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
2023	$240,051	$219,689	$3,043,640	$20,362
2022	$222,670	$164,050	$3,078,639	$58,620
2021	$235,087	$163,241	$3,093,888	$71,846
2020	$205,275	$147,124	$3,192,067	$58,151