OAK HARBOR EDUCATIONAL FOUNDATION

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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

1992

Legal Domicile

Principal Officer

LONDON COOK

Phone

3606753030

Tax Period

2024-01-01 to 2024-12-31

OAK HARBOR EDUCATIONAL FOUNDATION, founded in 1992, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $192K in total revenue in fiscal year 2024. Net assets of $1.6M represent 99 months of operating reserves.

Mission

THE OAK HARBOR EDUCATIONAL FOUNDATION PROVIDES SCHOLARSHIPS, SCHOOL SUPPLIES, EQUIPMENT AND OTHER NEEDS OF OAK HARBOR SCHOOL DISTRICT 201.

Program Service Accomplishments

Program 1

Expenses: $72,993

ACADEMIC AND ATHLETIC SCHOLARSHIPS WERE AWARDED TO GRADUATING SENIORS FROM OAK HARBOR HIGH SCHOOL WHO ARE COLLEGE BOUND. DURING 2024, 39 SCHOLARSHIPS WAS AWARDED.

Program 2

Expenses: $36,774

HELPED TO PAY FOR HOMELESS ASSISTANCE AND OTHER NEEDS OF STUDENTS, A LEADERSHIP ACADEMY, AND OTHER EXPENSES FOR HIGH SCHOOL. FOR 2024, THE TOTAL WAS $19,672. ALSO PAYED FOR FOOD, SUPPLIES, AND...

HELPED TO PAY FOR HOMELESS ASSISTANCE AND OTHER NEEDS OF STUDENTS, A LEADERSHIP ACADEMY, AND OTHER EXPENSES FOR HIGH SCHOOL. FOR 2024, THE TOTAL WAS $19,672. ALSO PAYED FOR FOOD, SUPPLIES, AND CLOTHING TO HELP STUDENTS TO STAY IN SCHOOL. FOR 2024, THE TOTAL WAS $17,102.

Program 3

Expenses: $57,716 Revenue: $1,115

SUPPORT SERVICES THAT ENABLE THE ORGANIZATION TO PROVIDE SCHOLARSHIPS, GRANTS AND AWARDS TO OAK HARBOR SCHOOL DISTRICT.

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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 $116,218

Program Service Revenue $0

Investment Income $74,776

Other Revenue $1,115

TOTAL REVENUE $192,109

Expense Breakdown

Grants Paid $92,665

Salaries & Benefits $43,897

Fundraising Expenses $0

Program Expenses $167,483

Other Expenses $51,129

TOTAL EXPENSES $187,691

Year-over-Year Comparison

	2024	2023	Change
Revenue	$192,109	$201,511	0.0%
Expenses	$187,691	$192,011	0.0%
Net Income	$4,418	$9,500	-0.5%

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

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

$40,152

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY JONES	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL WALLER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LONDON COOK	PRESIDENT	2.00	Officer Director	$0	$0	$0
MICHELLE KUSS-CYBULA	SECRETARY	2.00	Officer Director	$0	$0	$0
ALERD JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DAVE PAUL	DIRECTOR	1.00	Director	$0	$0	$0
CATHY GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
ERICA WASINGER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF WALLER	DIRECTOR	1.00	Director	$0	$0	$0
RAY CONE	DIRECTOR	1.00	Director	$0	$0	$0
MARK MODER	EXECUTIVE DIRECTOR	20.00	Officer	$40,152	$0	$40,152

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	$192,109	$187,691	$1,592,709	$4,418
2023	$201,511	$192,011	$1,485,805	$9,500
2022	$159,979	$139,599	$1,327,780	$20,380
2021	$650,773	$125,826	$1,613,072	$524,947
2020	$122,207	$108,201	$1,044,953	$14,006
2019	$126,118	$126,801	$891,654	$-683
2018	$215,075	$97,853	$885,167	$117,222