OMEGA SCHOOL INC

EIN: 391166888 501(c)(3)

MADISON, WI

Total Revenue
$5,617
Total Expenses
$428,962
Total Assets
N/A
Net Assets
N/A
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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
1972
Legal Domicile
WI
Principal Officer
WILLIAM THIELMANN
Phone
6082443911
Tax Period
2025-01-01 to 2025-07-31

OMEGA SCHOOL INC, founded in 1972, is a micro nonprofit that reported $6K in total revenue in fiscal year 2025. Revenue fell 99% from the prior year — a significant decline worth monitoring. Expenses of $429K exceeded revenue, resulting in a 7537% operating deficit.

Mission

PROVIDE OPPORTUNITIES FOR PEOPLE TO ENHANCE THEIR LIVES THROUGH ADULT BASIC EDUCATION.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $5,617
Other Revenue $0
TOTAL REVENUE $5,617

Expense Breakdown

Grants Paid $427,177
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $427,177
Other Expenses $1,785
TOTAL EXPENSES $428,962

Year-over-Year Comparison

2025 2024 Change
Revenue $5,617 $405,373 -1.0%
Expenses $428,962 $559,333 -0.2%
Net Income $-423,345 $-153,960 +1.7%
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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WILLIAM THIELMANN PRESIDENT 1.00
Officer Director
$0 $0 $0
AIDA LEFLORE TREASURER 1.00
Officer Director
$0 $0 $0
ARMANDO IBARRA DIRECTOR 1.00
Director
$0 $0 $0
REYNA JARQUIN DIRECTOR 1.00
Director
$0 $0 $0
ANTHONY COOPER DIRECTOR 1.00
Director
$0 $0 $0
YOLANDA LEHNER DIRECTOR 1.00
Director
$0 $0 $0
SONIA BAKU DIRECTOR 1.00
Director
$0 $0 $0
BILL NORMAN DIRECTOR 1.00
Director
$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 $5,617 $428,962 No data $-423,345
2024 No data No data No data No data
2023 $607,424 $506,913 $800,260 $100,511
2022 $471,712 $532,687 $811,829 $-60,975
2021 $488,876 $351,899 $891,846 $136,977
2020 $510,117 $343,172 $735,091 $166,945
2019 $312,116 $294,813 $416,459 $17,303
2018 $242,425 $279,612 $403,811 $-37,187
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