SEVEN OAKS CLASSICAL SCHOOL INC

EIN: 463846239 501(c)(3) Education

ELLETTSVILLE, IN

Total Revenue
$5,968,026
Total Expenses
$5,850,418
Total Assets
$12,342,804
Net Assets
$1,913,770
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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
2014
Legal Domicile
IN
Principal Officer
DR STEPHEN SHIPP
Phone
8129355003
Tax Period
2024-07-01 to 2025-06-30

SEVEN OAKS CLASSICAL SCHOOL INC, founded in 2014, is a community nonprofit in the Education sector that reported $6.0M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF SEVEN OAKS CLASSICAL SCHOOL IS TO TRAIN THE MINDS AND IMPROVE THE HEARTS OF YOUNG PEOPLE THROUGH A RIGOROUS CLASSICAL EDUCATION IN THE LIBERAL ARTS AND SCIENCES, WITH INSTRUCTION IN THE PRINCIPLES OF MORAL CHARACTER AND CIVIC VIRTUE.

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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 $5,717,094
Program Service Revenue $113,472
Investment Income $89,188
Other Revenue $48,272
TOTAL REVENUE $5,968,026

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,843,533
Fundraising Expenses $0
Program Expenses $4,770,108
Other Expenses $2,006,885
TOTAL EXPENSES $5,850,418

Year-over-Year Comparison

2024 2023 Change
Revenue $5,968,026 $5,406,335 +0.1%
Expenses $5,850,418 $5,361,546 +0.1%
Net Income $117,608 $44,789 +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

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Governance

Voting Members
8
Independent Members
8
Employees
112
Volunteers
100

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
5
$235,043
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES CROWHURST PRESIDENT 5.00
Officer Director
$0 $0 $0
JAZZMIN VEGELER SECRETARY 2.00
Officer Director
$0 $0 $0
JERRY TOWLE TREASURER 2.00
Officer Director
$0 $0 $0
TERRY ENGLISH BOARD MEMBER 2.00
Director
$0 $0 $0
LINDSEY WEAVER BOARD MEMBER 2.00
Director
$0 $0 $0
BRIAN ANDERSON BOARD MEMBER 2.00
Director
$0 $0 $0
DONOVAN GARLETTS BOARD MEMBER 2.00
Director
$0 $0 $0
MATT WOLF BOARD MEMBER 2.00
Director
$0 $0 $0
DR STEPHEN SHIPP HEADMASTER 40.00
Officer
$123,878 $20,752 $144,630
SCOTT REYNOLDS BUSINESS MANAGER 40.00
Officer
$78,391 $12,022 $90,413
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 $5,968,026 $5,850,418 $12,342,804 $117,608
2024 $5,406,335 $5,361,546 $12,661,192 $44,789
2023 $5,527,508 $5,058,991 $12,254,324 $468,517
2022 $4,541,324 $4,067,819 $12,814,197 $473,505
2021 $3,800,281 $3,478,302 $11,287,303 $321,979
2020 $3,445,431 $2,972,110 $3,012,218 $473,321
2019 $2,865,019 $2,631,885 $2,648,668 $233,134
2018 $1,823,389 $1,791,744 $2,517,188 $31,645
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