ROYAL OAK FOUNDATION FOR PUBLIC EDUCATION

EIN: 383147156 501(c)(3) Philanthropy & Grantmaking

Royal Oak, MI

Total Revenue
$94,064
Total Expenses
$42,636
Total Assets
$567,547
Net Assets
$567,547
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
MI
Principal Officer
Maryanne Vanhaitsma
Phone
2482884437
Tax Period
2024-01-01 to 2024-12-31

ROYAL OAK FOUNDATION FOR PUBLIC EDUCATION, founded in 1992, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $94K in total revenue in fiscal year 2024. Revenue surged 242% from the prior year, signaling strong growth momentum. The organization ran a surplus of $51K, a strong 55% operating margin.

Mission

ENRICHING LIVES THROUGH EDUCATIONAL OPPORTUNITY

Program Service Accomplishments

Program 1
Expenses: $10,636 Revenue: $0

SUPPORT THE ELEMENTARY MOSIC PROGRAM TO PREPARE STUDENTS FOR THE SECONDARY SCHOOLING MUSIC PROGRAM

Program 2
Expenses: $32,000 Revenue: $0

IMPROVED LITERACY AND ENHANCE THE APPRECIATION FOR THE READING PROGRAM FOR THE SCHOOL YEAR

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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 $0
Program Service Revenue $0
Investment Income $71,597
Other Revenue $22,467
TOTAL REVENUE $94,064

Expense Breakdown

Grants Paid $32,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $42,636
Other Expenses $10,636
TOTAL EXPENSES $42,636

Year-over-Year Comparison

2024 2023 Change
Revenue $94,064 $27,496 +2.4%
Expenses $42,636 $36,716 +0.2%
Net Income $51,428 $-9,220 -6.6%
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
16
Independent Members
16
Employees
N/A
Volunteers
15

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
2
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Barbara Lloyd Trustee 2
Director
$0 $0 $0
David Dursum Trustee 2
Director
$0 $0 $0
Sherry Toggweiler Trustee 2
Director
$0 $0 $0
Christine Hartwig Trustee 2
Director
$0 $0 $0
Jeanne Dolson Trustee 2
Director
$0 $0 $0
Deb Anderson Trustee 2
Director
$0 $0 $0
Betty Ann Garlak Trustee 2
Director
$0 $0 $0
Stan Harris Trustee 2
Director
$0 $0 $0
John Kurt Von Eberstein Trustee 2
Director
$0 $0 $0
Rachel Forsyth Trustee 2
Director
$0 $0 $0
Janet Von Eberstein Trustee 2
Director
$0 $0 $0
Lynn Johnson Trustee 2
Director
$0 $0 $0
Anita Heap Trustee 2
Director
$0 $0 $0
Maryanne Vanhaitsma President 5
Officer
$0 $0 $0
Elizabeth Wickey Treasurer 5
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 No data No data No data No data
2024 $94,064 $42,636 $567,547 $51,428
2023 $27,496 $36,716 $565,516 $-9,220
2022 $59,150 $32,604 $509,909 $26,546
2021 $111,905 $34,957 $612,473 $76,948
2021 $99,836 $34,979 $578,182 $64,857
2020 $103,564 $65,077 $531,499 $38,487
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