OMEGA ALPHA ACADEMY (EIN 861011808) - 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

2000

Legal Domicile

Principal Officer

JOSE FRISBY

Phone

5208051261

Tax Period

2023-07-01 to 2024-06-30

OMEGA ALPHA ACADEMY, founded in 2000, is a community nonprofit in the Education sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $3.4M exceeded revenue, resulting in a 19% operating deficit.

Mission

PRIMARY AND SECONDARY EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,810,933

Investment Income $22,964

Other Revenue $0

TOTAL REVENUE $2,833,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,257,390

Fundraising Expenses $0

Program Expenses $2,917,972

Other Expenses $1,120,203

TOTAL EXPENSES $3,377,593

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,833,897	$4,087,150	-0.3%
Expenses	$3,377,593	$3,664,873	-0.1%
Net Income	$-543,696	$422,277	-2.3%

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

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

$258,360

Total Directors

$356,837

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE FRISBY	President	40.00	Officer Director	$244,431	$13,929	$258,360
LIZETTE VALENZUELA	COORDINATOR	40.00		$129,327	$5,987	$135,314
RUBI GALAZ	FIN/HR MANAGER	0.00		$101,244	$5,297	$106,541
MAILA ALVAREZ	Director	40.00	Director	$57,393	$666	$58,059
DOMINGA EARL	Director	40.00	Director	$39,902	$516	$40,418
ALEJANDRA MILLER	Director	1.00	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
2025	No data	No data	No data	No data
2024	$2,833,897	$3,377,593	$4,054,654	$-543,696
2023	$4,078,124	$3,664,873	$4,279,501	$413,251
2022	$5,660,825	$3,483,625	$3,895,479	$2,177,200
2021	$3,243,392	$2,804,485	$1,805,902	$438,907
2020	$3,413,489	$2,914,809	$1,324,445	$498,680
2019	$2,983,414	$2,555,542	$765,862	$427,872

OMEGA ALPHA ACADEMY