OSA Foundation Inc

EIN: 710913500 501(c)(3) Philanthropy & Grantmaking

Washington, DC

Total Revenue
$6,013,285
Total Expenses
$3,366,261
Total Assets
$38,521,152
Net Assets
$38,041,095
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
DC
Principal Officer
ELIZABETH NOLAN
Phone
2022238130
Tax Period
2024-01-01 to 2024-12-31

OSA Foundation Inc, founded in 2002, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $6.0M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.6M, a strong 44% operating margin.

Mission

THE FOUNDATION IS AN AFFILIATE OF OPTICA AND WAS CREATED TO SUPPORT PHILANTHROPIC ACTIVITIES THAT FORWARD OPTICAS MISSION.

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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 $1,309,051
Program Service Revenue $215,395
Investment Income $4,488,839
Other Revenue $0
TOTAL REVENUE $6,013,285

Expense Breakdown

Grants Paid $2,741,535
Salaries & Benefits $0
Fundraising Expenses $14,157
Program Expenses $3,188,227
Other Expenses $624,726
TOTAL EXPENSES $3,366,261

Year-over-Year Comparison

2024 2023 Change
Revenue $6,013,285 $8,678,480 -0.3%
Expenses $3,366,261 $3,084,864 +0.1%
Net Income $2,647,024 $5,593,616 -0.5%
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
10
Independent Members
10
Employees
N/A
Volunteers
125

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
$389,157
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Chad Stark EXECUTIVE DIRECTOR - THRU SEPT 2024 18.75
Officer
$0 $46,660 $389,157
Magnus Bengtsson DIRECTOR 5.00
Director
$0 $0 $0
Stephen D Fantone DIRECTOR 5.00
Director
$0 $0 $0
Eve Griliches DIRECTOR 5.00
Director
$0 $0 $0
Antigone Marino DIRECTOR 5.00
Director
$0 $0 $0
Rick Plympton DIRECTOR 5.00
Director
$0 $0 $0
Valey Kamalov DIRECTOR 5.00
Director
$0 $0 $0
Simin Cai DIRECTOR 5.00
Director
$0 $0 $0
Michal Lipson DIRECTOR 5.00
Director
$0 $0 $0
Eric Mazur CHAIR 5.00
Officer Director
$0 $0 $0
George BayZ Secretary Treasurer 5.00
Officer 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
2024 $6,013,285 $3,366,261 $38,521,152 $2,647,024
2023 $8,678,480 $3,084,864 $39,030,109 $5,593,616
2022 $6,158,345 $3,041,444 $32,440,327 $3,116,901
2021 $6,732,341 $771,946 $35,009,133 $5,960,395
2020 $3,848,727 $887,691 $28,376,150 $2,961,036
2019 $2,536,355 $1,226,256 $22,982,349 $1,310,099
2018 $3,131,421 $762,365 $18,713,544 $2,369,056
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