The Oaks Academy Inc (EIN 352050595) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Phone

3179313043

Tax Period

2023-08-01 to 2024-07-31

The Oaks Academy Inc, founded in 1998, is a mid-sized nonprofit in the Education sector that reported $18.0M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year. Expenses of $15.8M left a modest 13% surplus.

Mission

THE OAKS ACADEMY IS A CHRIST-CENTERED SCHOOL THAT EXISTS TO PROVIDE A RICH, CLASSICAL EDUCATION TO CHILDREN OF DIVERSE RACIAL AND SOCIOECONOMIC BACKGROUNDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,273,586

Program Service Revenue $15,411,545

Investment Income $357,407

Other Revenue $0

TOTAL REVENUE $18,042,538

Expense Breakdown

Grants Paid $270,106

Salaries & Benefits $11,256,903

Fundraising Expenses $961,536

Program Expenses $12,728,751

Other Expenses $4,227,953

TOTAL EXPENSES $15,754,962

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,042,538	$21,504,396	-0.2%
Expenses	$15,754,962	$16,656,599	-0.1%
Net Income	$2,287,576	$4,847,797	-0.5%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

310

Volunteers

100

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

$1,090,990

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOE MEYER	VICE CHAIR	2.0	Officer Director	$0	$0	$0
JOSHUA ABEL	SECRETARY	2.0	Officer Director	$0	$0	$0
SHANNON WILLIAMS	CHAIR	2.0	Officer Director	$0	$0	$0
ALICIA SANDERS	BOARD MEMBER	2.0	Director	$0	$0	$0
ANGELA WHITE-RANDOLPH	BOARD MEMBER	2.0	Director	$0	$0	$0
DIAMOND MCDONALD	BOARD MEMBER	2.0	Director	$0	$0	$0
JIM STANLEY	BOARD MEMBER	2.0	Director	$0	$0	$0
KARA HAWKINS	BOARD MEMBER	2.0	Director	$0	$0	$0
KAREGA RAUSCH	BOARD MEMBER	2.0	Director	$0	$0	$0
SCOTT KIESEL	BOARD MEMBER	2.0	Director	$0	$0	$0
SHONDRIA SEATON	BOARD MEMBER	2.0	Director	$0	$0	$0
STEPHANIE BOTHUN	BOARD MEMBER	2.0	Director	$0	$0	$0
STEVE O'NEIL	BOARD MEMBER	2.0	Director	$0	$0	$0
TAWANA WARE	BOARD MEMBER	2.0	Director	$0	$0	$0
TAYLOR BROWN	BOARD MEMBER	2.0	Director	$0	$0	$0
ANDREW HART	CEO	40.0	Officer	$232,085	$22,992	$255,077
BRUCE CRAWFORD	HEAD OF SCHOOL - FALL CREEK	40.0	Officer	$119,763	$3,593	$123,356
DEREK JOHNSON	CFO (END 6/30/24)	40.0	Officer	$115,942	$24,058	$140,000
KELLY ALTMAN	HEAD OF SCHOOL - BROOKSIDE	40.0	Officer	$141,456	$15,101	$156,557
LAURA GRAMMER	HEAD OF SCHOOL - MIDDLE SCHOOL	40.0	Officer	$135,640	$5,144	$140,784
Michael Updike	Chief Technology Officer	40.0	Officer	$108,185	$11,851	$120,036
NATHAN HAND	DIRECTOR OF ADVANCEMENT	40.0	Officer	$135,164	$20,016	$155,180
Tim Dooley	CFO (START 5/29/24)	40.0	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
2024	$18,042,538	$15,754,962	$13,395,745	$2,287,576
2023	$21,504,396	$16,656,599	$11,021,673	$4,847,797
2022	$16,432,812	$16,539,604	$6,235,160	$-106,792
2021	$17,454,996	$13,503,869	$7,476,421	$3,951,127
2020	$14,029,866	$15,986,498	$3,659,734	$-1,956,632
2019	$11,669,918	$12,194,557	$3,207,577	$-524,639
2018	$11,302,865	$10,713,920	$3,505,448	$588,945

The Oaks Academy Inc