OHIO VIRTUAL ACADEMY (EIN 270010544) - 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

STEPHEN VASQUEZ

Phone

4194820948

Tax Period

2024-07-01 to 2025-06-30

OHIO VIRTUAL ACADEMY, founded in 2002, is a major nonprofit in the Education sector that reported $139.6M in total revenue in fiscal year 2024. Expenses of $134.6M left a modest 4% surplus.

Mission

THE MISSION OF THE OHIO VIRTUAL ACADEMY IS TO EMPOWER STUDENTS WITH AN INNOVATIVE AND EFFECTIVE EDUCATIONAL PROGRAM THAT HELPS THEM ACHIEVE HIGH STANDARDS AND REACH THEIR FULL ACADEMIC AND SOCIAL POTENTIAL. THE VISION OF THE OHIO VIRTUAL ACADEMY IS TO CREATE A HIGH PERFORMANCE SCHOOL THAT EQUIPS TEACHERS AND PARENTS WITH THE TOOLS OF TOMORROW, THEREBY GIVING OUR STUDENTS ALL THE OPPORTUNITIES THEY NEED TO SUCCEED IN LIFE AND CREATING A NEW MODEL FOR THE TWENTY-FIRST CENTURY PUBLIC SCHOOL.

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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 $138,941,082

Program Service Revenue $0

Investment Income $342,733

Other Revenue $344,480

TOTAL REVENUE $139,628,295

Expense Breakdown

Grants Paid $502,638

Salaries & Benefits $52,231,694

Fundraising Expenses $0

Program Expenses $110,765,107

Other Expenses $81,887,692

TOTAL EXPENSES $134,622,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,628,295	$140,183,870	0.0%
Expenses	$134,622,024	$137,941,803	0.0%
Net Income	$5,006,271	$2,242,067	+1.2%

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

780

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

$2,375

Total Directors

$3,625

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT NORTON	TRUSTEE	0.40	Director	$0	$0	$0
PATRICIA HUMBERT	TRUSTEE	0.40	Director	$750	$0	$750
JACOB MOELLER	TREASURER	0.40	Officer Director	$750	$0	$750
KELLY ARNDT	TRUSTEE	0.40	Director	$0	$0	$0
ADAM DAVENPORT	SECRETARY	0.40	Officer Director	$625	$0	$625
SUSAN LIPPENS	VICE PRESIDENT	0.40	Officer Director	$375	$0	$375
STEPHEN VASQUEZ	PRESIDENT	0.40	Officer Director	$625	$0	$625
GINA LOPEZ	TRUSTEE	0.40	Director	$375	$0	$375
BEN LOCHBIHLER	TRUSTEE	0.40	Director	$125	$0	$125
JENNIFER WISE	TRUSTEE	0.40	Director	$0	$0	$0
KRISTIN KATAKIS	OCCS EX-OFFICIO REPRESENTATIVES	0.40	Officer Director	$0	$0	$0
LENNY SCHAFER	OCCS EXECUTIVE DIRECTOR	0.40	Officer 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	$139,628,295	$134,622,024	$19,119,990	$5,006,271
2024	No data	No data	No data	No data
2023	$128,696,057	$134,610,873	$14,514,759	$-5,914,816
2022	$130,361,411	$129,307,618	$15,327,909	$1,053,793
2021	$140,755,185	$150,860,852	$8,133,239	$-10,105,667
2020	$99,189,194	$101,833,375	$8,831,443	$-2,644,181
2019	$102,457,029	$95,704,350	$10,358,046	$6,752,679
2018	$78,651,478	$61,209,424	$9,856,909	$17,442,054

OHIO VIRTUAL ACADEMY