OPTAGE INC (EIN 271507949) - 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

2009

Legal Domicile

Principal Officer

JONATHAN FLETCHER

Phone

6516316162

Tax Period

2023-10-01 to 2024-09-30

OPTAGE INC, founded in 2009, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 255% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 57% operating deficit.

Mission

OPTAGE EXPANDS THE RANGE OF SERVICES AVAILABLE TO OLDER ADULTS AND EXTENDS THE MISSION OF PRESBYTERIAN HOMES & SERVICES TO ENRICH THEIR LIVES IN WAYS THAT REFLECT THE LOVE OF GOD.

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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 $0

Program Service Revenue $1,284,956

Investment Income $0

Other Revenue $242

TOTAL REVENUE $1,285,198

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,651,917

Fundraising Expenses $0

Program Expenses $1,510,236

Other Expenses $365,277

TOTAL EXPENSES $2,017,194

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,285,198	$361,862	+2.6%
Expenses	$2,017,194	$766,678	+1.6%
Net Income	$-731,996	$-404,816	+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

N/A

Employees

N/A

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

$1,590,593

Total Directors

$2,274,363

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN LINDH	BOARD CHAIR	1.00	Officer Director	$0	$26,250	$1,089,847
MARK MEYER	SECRETARY/TREAS	1.00	Officer Director	$0	$21,646	$500,746
JONATHAN FLETCHER	VP DEVELOPMENT	1.00		$0	$28,580	$408,664
MICHAEL BINGHAM	SECRETARY/TREAS	1.00	Director	$0	$21,905	$388,335
MARK PEDERSON	BOARD MEMBER	1.00	Director	$0	$21,854	$295,435
ANN JOHNSON	PHYSICAL THERAPIST	40.00		$107,362	$12,549	$119,911
JOELY WERTZ	PROGRAM MANAGER	40.00		$107,628	$4,299	$111,927
LINDSEY ORMAN	PROGRAM MANAGER	40.00		$102,031	$4,077	$106,108

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	$1,285,198	$2,017,194	$581,349	$-731,996
2023	$361,862	$766,678	$247,055	$-404,816
2020	$555,680	$1,656,659	$291,989	$-1,100,979
2019	$1,538,258	$3,387,256	$361,652	$-1,848,998
2018	$1,298,651	$3,080,977	$378,858	$-1,782,326

OPTAGE INC