OPEN WAY LEARNING (EIN 833760449) - 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

2019

Legal Domicile

Principal Officer

BENJAMIN OWENS

Phone

7068788946

Tax Period

2024-01-01 to 2024-12-31

OPEN WAY LEARNING, founded in 2019, is a small nonprofit in the Education sector that reported $554K in total revenue in fiscal year 2024. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $525K left a modest 5% surplus.

Mission

PUBLIC EDUCATION REFORM

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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 $96,852

Program Service Revenue $457,212

Investment Income $0

Other Revenue $0

TOTAL REVENUE $554,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $372,925

Fundraising Expenses $0

Program Expenses $314,884

Other Expenses $151,608

TOTAL EXPENSES $524,533

Year-over-Year Comparison

	2024	2023	Change
Revenue	$554,064	$414,181	+0.3%
Expenses	$524,533	$402,454	+0.3%
Net Income	$29,531	$11,727	+1.5%

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

Governance

Voting Members

Independent Members

Employees

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

$149,000

Total Directors

$149,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BENJAMIN OWENS	EXECUTIVE DIRECTOR	40.00	Officer Director	$73,004	$0	$73,004
ADAM HAIGLER	COO	40.00	Officer Director	$75,996	$0	$75,996
JOHN HUGHES	DIRECTOR	0.00	Director	$0	$0	$0
CONNIE KENNEDY	DIRECTOR	0.00	Director	$0	$0	$0
DOMINIQUE STONE	DIRECTOR	0.00	Director	$0	$0	$0
NATHAN STRENGE	DIRECTOR	0.00	Director	$0	$0	$0
MARY JO DECK	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	$554,064	$524,533	$74,423	$29,531
2023	$414,181	$402,454	$38,551	$11,727
2022	$325,574	$334,950	$30,364	$-9,376

OPEN WAY LEARNING