OKU-OMEGA OMEGA SCHOLARSHIP FOUNDATION

EIN: 311618232 501(c)(3) Education

SOMERDALE, NJ

Total Revenue
$25,601
Total Expenses
$38,796
Total Assets
$484,763
Net Assets
$484,763
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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
1999
Legal Domicile
NJ
Principal Officer
DR DONALD LAPINE
Phone
8565666969
Tax Period
2024-06-01 to 2025-05-31

OKU-OMEGA OMEGA SCHOLARSHIP FOUNDATION, founded in 1999, is a micro nonprofit in the Education sector that reported $26K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $39K exceeded revenue, resulting in a 52% operating deficit.

Mission

Student Scholarships and Awards.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $14,490
Program Service Revenue $0
Investment Income $11,111
Other Revenue $0
TOTAL REVENUE $25,601

Expense Breakdown

Grants Paid $14,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $24,496
Other Expenses $24,796
TOTAL EXPENSES $38,796

Year-over-Year Comparison

2024 2023 Change
Revenue $25,601 $27,777 -0.1%
Expenses $38,796 $18,696 +1.1%
Net Income $-13,195 $9,081 -2.5%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
N/A
Volunteers
50

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DR DONALD LAPINE President 2.00
Officer
$0 $0 $0
DR THOMAS SCORZIELLO President Elect 2.00
Officer
$0 $0 $0
DR SHAWN KELLY Secretary/Treas 5.00
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
2025 $25,601 $38,796 $484,763 $-13,195
2024 $27,777 $18,696 $329,726 $9,081
2023 $33,713 $18,099 $320,645 $15,614
2022 $34,357 $22,693 $305,031 $11,664
2021 $16,136 $11,914 $293,367 $4,222
2018 $20,616 $13,223 $285,638 $7,393
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