The Open School

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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

2012

Legal Domicile

Principal Officer

Casandra Clausen

Phone

7143269736

Tax Period

2022-07-01 to 2023-06-30

The Open School, founded in 2012, is a small nonprofit in the Education sector that reported $460K in total revenue in fiscal year 2022. Revenue surged 39% from the prior year, signaling strong growth momentum.

Mission

Providing learner-led education that respects, trusts, and empowers students to pursue their interests, optimize their potential as humans, and allows their true selves to emerge.

Program Service Accomplishments

Program 1

Expenses: $257,397 Revenue: $441,305

We grew an innovative virtual K-12 program, bringing self-directed democratic education to students around the country. Our enrollment doubled during this time due to this program, creating new jobs and serving families from across the socio-economic spectrum. Students in our on-campus and virtual program pursued a variety of personalized interests and met their own objectives with the support of our staff and resources, including studying Ancient Mythologies and Languages, Computer Science and Programming, Animation, Costume Design and Construction, Herpetology, Marine Biology, and more. We hired additional staff specifically for the virtual program. Our on-campus program increased in size of enrollment and staffing, introducing new opportunities to our students in the form of enrichment workshops and classes. Our parent community volunteered their time to chaperone field trips and share their interests with the students.

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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 (2022)

Revenue Breakdown

Contributions & Grants $10,074

Program Service Revenue $441,305

Investment Income $6,882

Other Revenue $1,392

TOTAL REVENUE $459,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $268,455

Fundraising Expenses $16,997

Program Expenses $257,397

Other Expenses $186,072

TOTAL EXPENSES $454,527

Year-over-Year Comparison

	2022	2021	Change
Revenue	$459,653	$331,122	+0.4%
Expenses	$454,527	$286,387	+0.6%
Net Income	$5,126	$44,735	-0.9%

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

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

$92,551

Total Directors

$94,220

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Casandra Clausen	Chairman	40.00	Officer Director	$47,321	$0	$47,321
Aaron Browder	Secretary	40.00	Officer Director	$45,230	$0	$45,230
Ben Page	Director	0.30	Director	$1,669	$0	$1,669
Jon Cassie	Director	1.00	Director	$0	$0	$0
Matt Dale	Director	0.30	Director	$0	$0	$0
Ingrid Shultz	Treasurer	2.00	Officer Director	$0	$0	$0
James Spady	Director	0.30	Director	$0	$0	$0
Sarah Strain	President	0.30	Officer Director	$0	$0	$0
Madeline Piscopo	Director	0.30	Director	$0	$0	$0
Corrie Reill-Erickson	Director	0.30	Director	$0	$0	$0
Finnegan Thurlo	Director	0.30	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$459,653	$454,527	$162,433	$5,126
2022	$331,122	$286,387	$158,125	$44,735
2021	$204,893	$157,369	$162,089	$47,524
2020	$198,676	$180,895	$91,021	$17,781