OMEGA INSTITUTE FOR HOLISTIC STUDIES INC

EIN: 237233306 501(c)(3) Education

RHINEBECK, NY

Total Revenue
$16,514,349
Total Expenses
$18,021,216
Total Assets
$26,368,804
Net Assets
$12,358,701
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
NY
Principal Officer
JENNIFER ADLER
Phone
8452664444
Tax Period
2023-01-01 to 2023-12-31

OMEGA INSTITUTE FOR HOLISTIC STUDIES INC, founded in 1971, is a mid-sized nonprofit in the Education sector that reported $16.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

THROUGH INNOVATIVE EDUCATIONAL EXPERIENCES THAT AWAKEN THE BEST IN THE HUMAN SPIRIT, OMEGA PROVIDES HOPE AND HEALING FOR INDIVIDUALS AND SOCIETY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,418,332
Program Service Revenue $11,714,536
Investment Income $-13,350
Other Revenue $394,831
TOTAL REVENUE $16,514,349

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,673,958
Fundraising Expenses $563,491
Program Expenses $15,291,136
Other Expenses $10,347,258
TOTAL EXPENSES $18,021,216

Year-over-Year Comparison

2023 2022 Change
Revenue $16,514,349 $14,633,806 +0.1%
Expenses $18,021,216 $16,382,769 +0.1%
Net Income $-1,506,867 $-1,748,963 -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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Governance

Voting Members
8
Independent Members
8
Employees
293
Volunteers
10

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
6
$533,001
Total Directors
10
$0
Key Employees
1
$244,224
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CARLA GOLDSTEIN PRESIDENT & 40.00
Officer
$232,123 $23,459 $255,582
ROBERT C BACKUS CEO EMERITUS 40.00
Key Emp
$236,067 $8,157 $244,224
JENNIFER ADLER CFO 40.00
Officer
$133,960 $23,459 $157,419
JOEL LEVITAN SR. BUSINESS 40.00
Highest
$129,079 $16,365 $145,444
MARI CAROL DONAHOE PROGRAM DIRE 40.00
Highest
$132,903 $8,157 $141,060
HOLLY VANLEUVAN CAMPUS OPS. 40.00
Highest
$132,903 $8,157 $141,060
MICHAEL CRAFT BUSINESS STR 40.00
Highest
$132,430 $8,157 $140,587
CALI ALPERT DIGITAL MEDI 40.00
Highest
$127,053 $8,157 $135,210
RACQUEL JOSEPH CDCO 40.00
Officer
$120,000 $0 $120,000
ELIZABETH LESSER SENIOR ADVIS 20.00
$75,000 $0 $75,000
MANUELA ROOSEVELT CHAIR 5.00
Officer Director
$0 $0 $0
KATHERINE COLLINS RESIGNED 5/1 5.00
Officer Director
$0 $0 $0
SHERYL LAMB SECRETARY 5.00
Officer Director
$0 $0 $0
BRUCE SHEARER RESIGNED 2/2 5.00
Director
$0 $0 $0
PATTY GOODWIN BOARD MEMBER 5.00
Director
$0 $0 $0
JAMIA WILSON BOARD MEMBER 5.00
Director
$0 $0 $0
NEONU JEWELL BOARD MEMBER 5.00
Director
$0 $0 $0
TOBIAS ESCH BOARD MEMBER 5.00
Director
$0 $0 $0
ARTEMIO GUERRA BOARD MEMBER 5.00
Director
$0 $0 $0
DEVI BROWN BOARD MEMBER 5.00
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
2024 No data No data No data No data
2023 $16,514,349 $18,021,216 $26,368,804 $-1,506,867
2022 $14,633,806 $16,382,769 $27,352,924 $-1,748,963
2021 $10,367,756 $11,739,303 $27,528,865 $-1,371,547
2020 $7,189,433 $10,948,534 $27,934,455 $-3,759,101
2019 $26,808,255 $23,597,641 $27,905,659 $3,210,614
2018 $24,849,705 $22,813,103 $26,784,205 $2,036,602
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