SOUTHERN OREGON SUCCESS ACADEMY (EIN 301245967) - 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

2020

Legal Domicile

Principal Officer

Michael Herzog

Phone

5414762524

Tax Period

2022-07-01 to 2023-06-30

SOUTHERN OREGON SUCCESS ACADEMY, founded in 2020, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2022. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $3.2M exceeded revenue, resulting in a 38% operating deficit.

Mission

SOSA is an alternative education charter school. We currently have three sites located throughout the district to serve the students of Three Rivers School District: Illinois Valley site, Jerome Prairie site and Merlin site.

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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 $2,316,637

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,316,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $994,700

Fundraising Expenses $0

Program Expenses $2,059,672

Other Expenses $2,213,013

TOTAL EXPENSES $3,207,713

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,316,637	$1,835,072	+0.3%
Expenses	$3,207,713	$1,028,128	+2.1%
Net Income	$-891,076	$806,944	-2.1%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$372,455

Total Directors

$467,510

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CASEY ALDERSON	BOARD MEMBER	2.00	Officer Director	$0	$0	$159,225
MICHAEL HERZOG	President	20.00	Officer Director	$0	$0	$106,892
TRAVIS OSBORNE	Vice President	2.00	Officer Director	$0	$0	$106,338
MICHELLE MORGAN	Treasurer	4.00	Director	$0	$0	$55,416
ZANDRA JANSMA	Secretary	4.00	Director	$0	$1,400	$39,639

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
2023	$2,316,637	$3,207,713	No data	$-891,076
2022	$1,835,072	$1,028,128	$897,533	$806,944
2021	$1,089,580	$1,005,927	$84,132	$83,653

SOUTHERN OREGON SUCCESS ACADEMY