VERNA S OLLER FOUNDATION

EIN: 454050823 501(c)(3) Education

LONG BEACH, WA

Total Revenue
$28,664
Total Expenses
$34,196
Total Assets
$898,152
Net Assets
$898,152
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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
2010
Legal Domicile
WA
Phone
3607832067
Tax Period
2024-01-01 to 2024-12-31

VERNA S OLLER FOUNDATION, founded in 2010, is a micro nonprofit in the Education sector that reported $29K in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $34K exceeded revenue, resulting in a 19% operating deficit.

Mission

To provide scholarships and education assistance to graduates and teachers of the Ocean Beach School District.

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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 $28,664
Other Revenue $0
TOTAL REVENUE $28,664

Expense Breakdown

Grants Paid $25,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,196
Other Expenses $9,196
TOTAL EXPENSES $34,196

Year-over-Year Comparison

2024 2023 Change
Revenue $28,664 $42,357 -0.3%
Expenses $34,196 $28,457 +0.2%
Net Income $-5,532 $13,900 -1.4%
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

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Governance

Voting Members
1
Independent Members
N/A
Employees
N/A
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
0
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Guy M Glenn Trustee 2.00
$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 $28,664 $34,196 $898,152 $-5,532
2023 $42,357 $28,457 $903,684 $13,900
2022 $34,973 $28,321 $889,784 $6,652
2021 $79,000 $24,408 $883,132 $54,592
2020 $48,556 $25,130 $828,540 $23,426
2019 $4,575 $26,298 $805,114 $-21,723
2018 $76,336 $21,365 $826,837 $54,971
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