ALT ED ACADEMY OF OGEMAW COUNTY

EIN: 465592802 501(c)(3) Education

TAWAS CITY, MI

Total Revenue
$1,475,904
Total Expenses
$1,366,485
Total Assets
$2,709,510
Net Assets
$2,570,497
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
MI
Principal Officer
MARK BERDAN
Phone
9893623006
Tax Period
2023-07-01 to 2024-06-30

ALT ED ACADEMY OF OGEMAW COUNTY, founded in 2014, is a community nonprofit in the Education sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.4M left a modest 7% surplus.

Mission

THE PRINCIPAL PURPOSE OF THE ACADEMY IS TO PROVIDE A BLENDED ONLINE LEARNING PATHWAY TO ACADEMIC SUCCESS FOR STUDENTS WHO HAVE DROPPED OUT OR BEEN EXPELLED FROM HIGH SCHOOL. THE BOARD OF THE ACADEMY SHALL CONTROL THE POLICIES OF THE SCHOOL AND SHALL FACILITATE ITS PROGRESS TOWARD GOALS ESTABLISHED BY THE BOARD IN FURTHERANCE OF THE ACADEMY'S PURPOSE. THE ACADEMY IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR EDUCATIONAL PURPOSES AS A PUBLIC SCHOOL ACADEMY, PURSUANT TO PART 6A OF THE SCHOOL CODE. THE ACADEMY SHALL BE A PUBLIC EDUCATIONAL INSTITUTION FOR INDIVIDUALS WHO RESIDE IN THE AUTHORIZING BODY'S CONSTITUENT LOCAL SCHOOL DISTRICT. ENROLLMENT IN THE ACADEMY MAY BE OPEN TO ALL INDIVIDUALS WHO RESIDE IN THIS STATE WHO MEET THE ADMISSION POLICY AND SHALL BE OPEN TO ALL PUPILS WHO RESIDE WITHIN THE GEOGRAPHIC BOUNDARIES OF THE CRAWFORD-OSCODA-OGEMAW- ROSCOMMON INTERMEDIATE SCHOOL DISTRICT (COOR ISD), SUBJECT TO TOTAL ENROLLMENT LIMITATIONS. THE ACADEMY SHALL BE NON-RELIGIOUS AND SHA

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,378,650
Program Service Revenue $0
Investment Income $95,304
Other Revenue $1,950
TOTAL REVENUE $1,475,904

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,208,565
Other Expenses $1,366,485
TOTAL EXPENSES $1,366,485

Year-over-Year Comparison

2023 2022 Change
Revenue $1,475,904 $1,473,193 +0.0%
Expenses $1,366,485 $1,197,693 +0.1%
Net Income $109,419 $275,500 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
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
3
$0
Total Directors
6
$54,388
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TINA WILLIAMS PROGRAM DIRE 40.00
Director
$54,388 $0 $54,388
MARK BERDAN PRESIDENT 1.00
Officer Director
$0 $0 $0
LISA BOLEN SECRETARY/TR 1.00
Officer Director
$0 $0 $0
MICHAEL EHINGER TRUSTEE 1.00
Director
$0 $0 $0
GAIL HUGHEY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
TRISHA ZIEGLER TRUSTEE 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 No data No data No data No data
2024 $1,475,904 $1,366,485 $2,709,510 $109,419
2023 $1,473,193 $1,197,693 $2,561,218 $275,500
2022 $1,356,663 $940,622 $2,234,994 $416,041
2021 $1,200,032 $921,393 $1,782,573 $278,639
2020 $1,045,288 $821,834 $1,503,710 $223,454
2019 $969,254 $724,373 $1,275,363 $244,881
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