OPM 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

2010

Legal Domicile

Principal Officer

Dr Letitia Bradford

Tax Period

2022-01-01 to 2022-12-31

OPM EDUCATION INC, founded in 2010, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2022. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $930K left a modest 14% surplus.

Mission

TO INCREASE THE NUMBER OF WOMEN AND UNDER-REPRESENTED MINORITIES IN SPECIALTY MEDICAL FIELDS THROUGH SPECIFIC AND ENGAGING PROGRAMMING.

Program Service Accomplishments

Program 1

Expenses: $630,669 Revenue: $722,256

The Organization provides clinical correlations, lectures and hands-on workshops, an eight week summer internship program annually, strategic mentoring, and host several webinars.. These programs...

The Organization provides clinical correlations, lectures and hands-on workshops, an eight week summer internship program annually, strategic mentoring, and host several webinars.. These programs support, those who are under represented in medicine and provide critical information, tools, and resources to enable "Nth scholars" to be excellence personified as leaders, scholars, and positions in service to all communities. The organization had 42 students complete the summer internship program in 2022.

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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 (2022)

Revenue Breakdown

Contributions & Grants $354,797

Program Service Revenue $722,256

Investment Income $-1,781

Other Revenue $0

TOTAL REVENUE $1,075,272

Expense Breakdown

Grants Paid $340,064

Salaries & Benefits $212,982

Fundraising Expenses $119,383

Program Expenses $630,669

Other Expenses $376,939

TOTAL EXPENSES $929,985

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,075,272	$623,031	+0.7%
Expenses	$929,985	$641,886	+0.4%
Net Income	$145,287	$-18,855	-8.7%

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

N/A

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

$60,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Letitia Bradford	Executive Dir.	50.00	Director	$60,000	$0	$60,000
Bonnie Simpson-Mason MD	Director	10.00	Director	$0	$0	$0
Macalus Hogan	Vice President	2.00	Director	$0	$0	$0
Katrina Adams	Secretary	2.00	Director	$0	$0	$0
Nancy Ball White	Treasurer	2.00	Director	$0	$0	$0
Marjorie Young	Director	0.00	Director	$0	$0	$0
Stephen Powell	Director	1.00	Director	$0	$0	$0
J Kevin Franks	President	2.00	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
2022	$1,075,272	$929,985	$269,665	$145,287
2021	$623,031	$641,886	$140,592	$-18,855
2020	$491,263	$425,732	$197,224	$65,531
2019	$283,630	$507,995	$101,028	$-224,365
2018	$568,560	$508,032	$371,934	$60,528
2018	$605,262	$506,590	$331,086	$98,672