EDUCATIONAL ALTERNATIVES

EIN: 731173815 501(c)(3) Mental Health

Norman, OK

Total Revenue
$259,532
Total Expenses
$217,230
Total Assets
$242,827
Net Assets
$238,664
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
OK
Principal Officer
Lori Lovett
Phone
4054165448
Tax Period
2023-10-01 to 2024-09-30

EDUCATIONAL ALTERNATIVES, founded in 1984, is a small nonprofit in the Mental Health sector that reported $260K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $42K, a strong 16% operating margin.

Mission

Training and education for law enforcement, youth and others to make our communities safer.

Program Service Accomplishments

Program 1
Expenses: $195,248 Revenue: $0

Oklahoma Challenge - Oklahoma Challenge is a distracted driving peer to peer leadership program. This program empowers teens to talk to other teens about the dangers of driving distracted and without...

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Oklahoma Challenge - Oklahoma Challenge is a distracted driving peer to peer leadership program. This program empowers teens to talk to other teens about the dangers of driving distracted and without seat belts. The goal is to reduce distracted driving crashes, injuries, and deaths in the 16 - 24 year old age group where traffic crashes are the #1 cause of death. We hosted large and small events across Oklahoma reaching thousands of students. We also continued all of our online contests we developed over the pandemic so we are reaching more students than ever before. Schools and students attend the Oklahoma Challenge events for free.

Program 2
Expenses: $2,514 Revenue: $16,800

CLEET Certifying Classes - We offer two CLEET certified online classes for law enforcement and security guards for maintenance of their required CEU's. We average approximately 35 students per month...

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CLEET Certifying Classes - We offer two CLEET certified online classes for law enforcement and security guards for maintenance of their required CEU's. We average approximately 35 students per month in the classes. The cost per class is $25 which provides an accessible, cost-effective way for these populations to maintain their required certifications.

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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 $241,788
Program Service Revenue $16,800
Investment Income $944
Other Revenue $0
TOTAL REVENUE $259,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $152,966
Fundraising Expenses $0
Program Expenses $197,762
Other Expenses $64,264
TOTAL EXPENSES $217,230

Year-over-Year Comparison

2023 2022 Change
Revenue $259,532 $283,892 -0.1%
Expenses $217,230 $212,530 +0.0%
Net Income $42,302 $71,362 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
4

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
4
$86,056
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Linda Terrell Executive Director 40
Officer
$73,920 $12,136 $86,056
Richard Coberg President 1
Officer Director
$0 $0 $0
Catherine Purcell Officer 0.5
Officer Director
$0 $0 $0
Catherine Coberg Officer 0.5
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 $259,532 $217,230 $242,827 $42,302
2023 $283,892 $212,530 $154,379 $71,362
2022 $204,732 $224,917 $83,331 $-20,185
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