THE FRANK & THERESA OLIVER ACADEMY FOR EDUCATION (EIN 263749119) - 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

2013

Legal Domicile

Principal Officer

ROBERT CRAVEN

Phone

7603458100

Tax Period

2023-01-01 to 2023-12-31

THE FRANK & THERESA OLIVER ACADEMY FOR EDUCATION, founded in 2013, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

THE ORGANIZATION STRIVES TO PROVIDE A CULTURALLY DIVERSE AND HIGHLY AFFORDABLE HIGH QUALITY EDUCATION TO IT'S LOCAL ELEMENTARY AND PRE-SCHOOL AGED CHILDREN. THE ORGANIZATION SUBSIDIZES TUITION THROUGH DONATIONS AND GOVERNMENT PROGRAMS TO DEFRAY COSTS AND FURTHER ENHANCE THE VALUE OF ALL APPLICANTS.

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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 $87,777

Program Service Revenue $968,390

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,056,167

Expense Breakdown

Grants Paid $0

Salaries & Benefits $502,616

Fundraising Expenses $0

Program Expenses $903,791

Other Expenses $615,679

TOTAL EXPENSES $1,118,295

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,056,167	$1,143,126	-0.1%
Expenses	$1,118,295	$1,472,118	-0.2%
Net Income	$-62,128	$-328,992	-0.8%

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

Volunteers

N/A

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
ROBERT CRAVEN	PRESIDENT	N/A	Officer	$0	$0	$0
ANGELA MORWAY	TREASURER	N/A	Officer	$0	$0	$0
BONNIE NICOLSON	SECRETARY	N/A	Officer	$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	$1,056,167	$1,118,295	$36,400	$-62,128
2022	$1,143,126	$1,472,118	$98,528	$-328,992
2021	$1,670,396	$1,404,387	$427,520	$266,009
2020	$1,085,662	$1,241,654	$301,411	$-155,992
2019	$1,375,550	$1,333,412	$317,503	$42,138
2018	$1,296,978	$1,228,411	$275,365	$68,567

THE FRANK & THERESA OLIVER ACADEMY FOR EDUCATION