OAKS EDUCATION ASSOCIATION (EIN 911740296) - 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

1996

Legal Domicile

Principal Officer

MARK LAVOIE

Phone

5095365955

Tax Period

2023-09-01 to 2024-08-31

OAKS EDUCATION ASSOCIATION, founded in 1996, is a community nonprofit in the Education sector that reported $4.9M in total revenue in fiscal year 2023. Revenue fell 29% from the prior year — a significant decline worth monitoring. Expenses of $4.6M left a modest 6% surplus.

Mission

TO PROVIDE PRIVATE RELIGIOUS 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 $1,067,017

Program Service Revenue $3,465,702

Investment Income $263,328

Other Revenue $128,255

TOTAL REVENUE $4,924,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,806,503

Fundraising Expenses $246,687

Program Expenses $3,355,814

Other Expenses $1,827,528

TOTAL EXPENSES $4,634,031

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,924,302	$6,889,842	-0.3%
Expenses	$4,634,031	$3,417,183	+0.4%
Net Income	$290,271	$3,472,659	-0.9%

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

125

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
MARK SMITH	PRESIDENT	2.50	Officer Director	$0	$0	$0
CRAIG SCHURTER	VICE PRESIDENT	2.50	Officer Director	$0	$0	$0
MERRILL MILLER	BOARD MEMBER	2.50	Director	$0	$0	$0
BRIAN SCHULTZ	SECRETARY	2.50	Officer Director	$0	$0	$0
CHARLIE DOWERS	HEAD OF SCHOOL	40.00	Highest	$104,712	$30,031	$134,743
KENNETH TROTTER	DEAN	40.00	Highest	$104,186	$3,353	$107,539

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	$4,924,302	$4,634,031	$18,731,519	$290,271
2023	$6,889,842	$3,417,183	$19,106,613	$3,472,659
2022	$5,550,083	$3,176,122	$7,217,847	$2,373,961
2021	$3,383,994	$2,853,525	$3,047,045	$530,469
2020	$2,943,393	$2,619,260	$2,459,440	$324,133
2019	$3,502,585	$2,819,474	$2,119,821	$683,111
2018	$2,936,261	$2,755,357	$1,451,702	$180,904

OAKS EDUCATION ASSOCIATION