OPTIONS SCHOOLS INC (EIN 352157301) - 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

Legal Domicile

Principal Officer

JACK COLWELL

Phone

3177738659

Tax Period

2023-07-01 to 2024-06-30

OPTIONS SCHOOLS INC is a mid-sized nonprofit in the Education sector that reported $13.6M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $12.6M left a modest 7% surplus.

Mission

CHARTER SCHOOL IN STATE OF INDIANA.

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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 $13,557,492

Program Service Revenue $0

Investment Income $0

Other Revenue $18,000

TOTAL REVENUE $13,575,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,510,584

Fundraising Expenses $0

Program Expenses $10,311,182

Other Expenses $3,101,583

TOTAL EXPENSES $12,612,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,575,492	$10,652,942	+0.3%
Expenses	$12,612,167	$10,372,553	+0.2%
Net Income	$963,325	$280,389	+2.4%

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

152

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

$409,279

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE GUSTIN	SCHOOL PRESI	40.00	Officer	$195,399	$0	$195,399
JAKE BRANDAU	SCHOOL VICE	40.00	Officer	$121,342	$0	$121,342
JACK COLWELL	CFO	40.00	Officer	$92,538	$0	$92,538
LAURA ARIVE	TREASURER	N/A	Officer	$0	$0	$0
TRAVIS CARMEAN	BOARD CHAIR	N/A	Officer	$0	$0	$0
PATRICIA ELLIS	BOARD VICE C	N/A	Officer	$0	$0	$0
LEANN FOWLER	MEMBER	N/A	Officer	$0	$0	$0
SARAH GUFFEY	SECRETARY	N/A	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	$13,575,492	$12,612,167	$1,699,837	$963,325
2023	$10,652,942	$10,372,553	$905,640	$280,389
2022	$8,620,480	$8,738,408	$583,719	$-117,928
2021	$4,681,881	$7,260,580	$899,238	$-2,578,699
2020	$2,279,248	$3,346,187	$750,928	$-1,066,939
2019	$1,854,758	$1,776,466	$1,646,380	$78,292

OPTIONS SCHOOLS INC