THE OPTIMA FOUNDATION (EIN 823745515) - Form 990 Financial Analysis & Trantor Score

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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

2017

Legal Domicile

Principal Officer

ERIKA DONALDS

Phone

2392876287

Tax Period

2022-07-01 to 2023-06-30

THE OPTIMA FOUNDATION, founded in 2017, is a community nonprofit in the Education sector that reported $3.5M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year.

Mission

TO SUPPORT THE ESTABLISHMENT AND EXPANSION OF SUPERIOR QUALITY SCHOOLS OF CHOICE. OUR MISSION IS TO PROVIDE THE MAXIMUM TIME AND RESOURCES TO THE TRUSTED ACADEMIC PROFESSIONALS WHO ARE DOING THE MOST IMPORTANT WORK IN EDUCATION BY DIRECTLY MEETING THE NEEDS OF STUDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $99,320

Program Service Revenue $3,205,076

Investment Income $144,196

Other Revenue $40,243

TOTAL REVENUE $3,488,835

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,756,921

Fundraising Expenses $0

Program Expenses $3,075,522

Other Expenses $1,716,486

TOTAL EXPENSES $3,473,407

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,488,835	$4,156,778	-0.2%
Expenses	$3,473,407	$2,879,295	+0.2%
Net Income	$15,428	$1,277,483	-1.0%

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

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
ERIKA DONALDS	CEO	40.00	Officer Director	$0	$0	$0
BOB HARDEN	DIRECTOR	0.00	Director	$0	$0	$0
CAROL MANNING	DIRECTOR	0.00	Director	$0	$0	$0
LOUISE PENTA	DIRECTOR	0.00	Director	$0	$0	$0
THOMAS WALSH	DIRECTOR	0.00	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
2024	No data	No data	No data	No data
2023	$3,488,835	$3,473,407	$3,443,625	$15,428
2023	$3,488,835	$3,473,407	$3,443,625	$15,428
2023	$635,543	$467,991	$3,506,880	$167,552
2022	$4,156,778	$2,879,295	$2,977,209	$1,277,483
2021	$1,782,383	$1,177,828	$1,274,185	$604,555
2020	$905,605	$705,177	$529,409	$200,428

THE OPTIMA FOUNDATION