OAK GROVE LUTHERAN SCHOOL FOUNDATI… - Form 990 Financial Data

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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

1992

Legal Domicile

Principal Officer

ERICA CHAFFEE

Phone

7012370210

Tax Period

2024-07-01 to 2025-06-30

OAK GROVE LUTHERAN SCHOOL FOUNDATION, founded in 1992, is a small nonprofit in the Education sector that reported $405K in total revenue in fiscal year 2024. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $741K exceeded revenue, resulting in a 83% operating deficit.

Mission

PROVIDE TUITION ASSISTANCE TO OAK GROVE STUDENTS AND FINANCIAL SUPPORT FOR THE SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $740,869

THE PRIMARY PURPOSE OF THE OAK GROVE LUTHERAN SCHOOL FOUNDATION IS TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY OR BOTH, AND TO USE OR APPLY THE WHOLE OR ANY PART OF THE...

THE PRIMARY PURPOSE OF THE OAK GROVE LUTHERAN SCHOOL FOUNDATION IS TO RECEIVE AND MAINTAIN A FUND OR FUNDS OF REAL OR PERSONAL PROPERTY OR BOTH, AND TO USE OR APPLY THE WHOLE OR ANY PART OF THE INCOME THEREFROM AND THE PRINCIPAL THEREOF EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, LITERARY, OR EDUCATIONAL PURPOSES, INCLUDING SUCH PURPOSES AS MAY BE UNDERTAKEN, APPROVED OR SUPPORTED BY THE OAK GROVE LUTHERAN SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $203,508

Program Service Revenue $0

Investment Income $183,273

Other Revenue $18,600

TOTAL REVENUE $405,381

Expense Breakdown

Grants Paid $670,625

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $740,869

Other Expenses $70,244

TOTAL EXPENSES $740,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,381	$1,032,874	-0.6%
Expenses	$740,869	$457,861	+0.6%
Net Income	$-335,488	$575,013	-1.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$304,407

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ZACK DAWSON	DIRECTOR	0.30	Director	$0	$0	$0
DR MARILYN GUY	DIRECTOR	0.30	Director	$0	$0	$0
SCOTT KJOS	SECRETARY	0.30	Officer Director	$0	$0	$0
PATRICK CHAFFEE	VICE CHAIR	0.30	Officer Director	$0	$0	$0
F JOHN WILLIAMS	CHAIR	0.30	Officer Director	$0	$0	$0
CHRIS HOLSTAD	DIRECTOR	0.30	Director	$0	$0	$0
MICHAEL MCNAY	DIRECTOR	0.30	Director	$0	$0	$0
AUBREY ZUGER	DIRECTOR	0.30	Director	$0	$0	$0
LINDSEY DIFIORE	DIRECTOR	0.30	Director	$0	$0	$0
TOM LYBECK	DIRECTOR	0.30	Director	$0	$0	$0
DAN PHILLIPS	DIRECTOR	0.30	Director	$0	$0	$0
SHER THOMSEN	DIRECTOR	0.30	Director	$0	$0	$0
MATTHEW HALLAWAY	CHIEF ADVANCEMENT OFFICER	6.00	Officer	$0	$0	$133,087
BOB OTTERSON	PRESIDENT	3.00	Officer	$0	$0	$171,320

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	$405,381	$740,869	$11,263,528	$-335,488
2024	$1,032,874	$457,861	$11,871,351	$575,013
2023	$300,468	$280,092	$10,731,314	$20,376
2022	$464,574	$287,669	$9,308,921	$176,905
2021	$175,280	$305,888	$9,629,699	$-130,608
2020	$179,507	$352,143	$7,357,068	$-172,636
2019	$771,758	$3,079,839	$7,428,307	$-2,308,081

OAK GROVE LUTHERAN SCHOOL FOUNDATION