OKALOOSA PUBLIC SCHOOLS FOUNDATION… - 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

1995

Legal Domicile

Principal Officer

JUDY BYRNE RILEY

Phone

8508339999

Tax Period

2024-07-01 to 2025-06-30

OKALOOSA PUBLIC SCHOOLS FOUNDATION INC, founded in 1995, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $827K in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion. The organization ran a surplus of $288K, a strong 35% operating margin.

Mission

THE OKALOOSA PUBLIC SCHOOLS FOUNDATION, INC. (OPSF) MAXIMIZES THE IMPACT OF DONORS TO THE OKALOOSA COUNTY SCHOOL DISTRICT BY FACILITATING THEIR SUPPORT OF CLASSROOM INNOVATION AND STUDENT ACHIEVEMENT. THE OPSF SERVES AS A CONDUIT FOR PUBLIC AND PRIVATE FUNDERS INTERESTED IN IMPACTING STUDENT ACHIEVEMENT IN THE SCHOOL DISTRICT'S PROGRAMMATIC AREAS OF FOCUS.

Program Service Accomplishments

Program 1

Expenses: $107,880

TAKE STOCK IN CHILDREN - RAISE MONEY FOR SCHOLARSHIPS AND LEGISLATIVE GRANT THAT PAID FOR PROGRAM STAFF TO SERVE STUDENTS RECEIVING SCHOLARSHIPS.

Program 2

Expenses: $211,247

FLORIDA CONSORTIUM - GRANT TO PROMOTE STEM (SCIENCE, TECHNOLOGY, ENGINEERING, MATHEMATICS) FOR BOTH TEACHERS AND STUDENTS INCLUDING TEACHER TRAINING, STUDENT MENTORING, ROBOTICS AND COMPETITIONS.

Program 3

Expenses: $201,205

OTHER MISCELLANEOUS EDUCATION PROGRAMS

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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 $793,737

Program Service Revenue $0

Investment Income $5,100

Other Revenue $27,944

TOTAL REVENUE $826,781

Expense Breakdown

Grants Paid $360,786

Salaries & Benefits $0

Fundraising Expenses $3,297

Program Expenses $520,332

Other Expenses $177,700

TOTAL EXPENSES $538,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$826,781	$751,698	+0.1%
Expenses	$538,486	$716,548	-0.2%
Net Income	$288,295	$35,150	+7.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CINDY GATES	PRESIDENT	5.00	Officer Director	$0	$0	$0
DIANE FRASER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MAGGIE TOMECHEK	PAST PRESIDENT	5.00	Officer Director	$0	$0	$0
JUDY BYRNE RILEY	TREASURER	5.00	Officer Director	$0	$0	$0
CLAIRE ERK	SECRETARY	5.00	Officer Director	$0	$0	$0
MARCUS CHAMBERS	MEMBER	5.00	Director	$0	$0	$0
LINDA EVANCHYK	MEMBER	5.00	Director	$0	$0	$0
BOB BENNETT	MEMBER	5.00	Director	$0	$0	$0
SHEA BOYKIN	MEMBER	5.00	Director	$0	$0	$0
MICHELE BURNS	MEMBER	5.00	Director	$0	$0	$0
KIM COX	MEMBER	5.00	Director	$0	$0	$0
CINDY FRAKES	MEMBER	5.00	Director	$0	$0	$0
DANA HODGES	MEMBER	5.00	Director	$0	$0	$0
BERNARD JOHNSON	MEMBER	5.00	Director	$0	$0	$0
CAMERON JOHNSON	MEMBER	5.00	Director	$0	$0	$0
SARA MATHIS	MEMBER	5.00	Director	$0	$0	$0
CAROLYN MCALLISTER	MEMBER	5.00	Director	$0	$0	$0
DONNA MONTALVO	MEMBER	5.00	Director	$0	$0	$0
DOLORES NOECHEL	MEMBER	5.00	Director	$0	$0	$0
JEFF PALMER	MEMBER	5.00	Director	$0	$0	$0
MARY PETERSON	MEMBER	5.00	Director	$0	$0	$0
YVONNE SHANKLIN	MEMBER	5.00	Director	$0	$0	$0
NEKO STUBBLEFIELD	MEMBER	5.00	Director	$0	$0	$0
JARED WILLIAMS	MEMBER	5.00	Director	$0	$0	$0
JOHN SPOLSKI	EXECUTIVE DIRECTOR	5.00	Officer	$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	$826,781	$538,486	$619,115	$288,295
2024	$751,698	$716,548	$433,577	$35,150
2023	$471,426	$413,440	$325,202	$57,986
2022	$398,371	$345,355	$271,339	$53,016
2021	$344,814	$354,556	$217,478	$-9,742
2020	$332,379	$261,589	$235,324	$70,790
2019	$309,523	$309,144	$171,680	$379

OKALOOSA PUBLIC SCHOOLS FOUNDATION INC