OCEAN ACADEMY CHARTER SCHOOL

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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

Legal Domicile

Phone

7329876525

Tax Period

2024-07-01 to 2025-06-30

OCEAN ACADEMY CHARTER SCHOOL is a mid-sized nonprofit that reported $15.3M in total revenue in fiscal year 2024.

Mission

To provide elementary students with a high quality and student-centered education in a safe, nurturing, and challenging environment so that all students achieve their highest level of academic success.

Program Service Accomplishments

Program 1

Expenses: $11,345,148

Educational environment that supports student engagement and empowers all students to identify and utilize their own abilities and gifts.

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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 $15,287,534

Program Service Revenue $26,343

Investment Income $0

Other Revenue $0

TOTAL REVENUE $15,313,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,724,369

Fundraising Expenses $0

Program Expenses $11,345,148

Other Expenses $5,141,392

TOTAL EXPENSES $15,865,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,313,877	$14,715,038	+0.0%
Expenses	$15,865,761	$12,852,553	+0.2%
Net Income	$-551,884	$1,862,485	-1.3%

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

157

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AASE MARIE HARE	Trustee	1.00	Director	$0	$0	$0
DAVID CORSO	Trustee	1.00	Director	$0	$0	$0
ROXANNE MARTIN	Trustee	1.00	Director	$0	$0	$0
DAVID BLOCK	BUSINESS ADMIN	40.00	Director	$0	$0	$0
MARSHALL WHITE	Trustee	1.00	Director	$0	$0	$0
SHARON HOLLANDER	Trustee	1.00	Director	$0	$0	$0
RAUL ORELLANA	Trustee	1.00	Director	$0	$0	$0
ANITA LEPELSTAT	President	5.00	Officer	$0	$0	$0
JIM MUZIKOWSKI	Vice President	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	$15,313,877	$15,865,761	$24,242,710	$-551,884
2024	No data	No data	No data	No data
2023	$11,375,599	$10,054,971	$22,834,625	$1,320,628
2022	$8,975,459	$8,543,174	$21,424,598	$432,285
2021	$6,866,563	$6,742,774	$4,621,617	$123,789
2020	$5,265,911	$3,794,324	$2,107,551	$1,471,587
2019	$3,545,389	$3,138,030	$736,148	$407,359
2018	$2,220,983	$1,992,378	$307,677	$228,605
2017	$2,220,983	$1,992,378	$307,677	$228,605