OPEN SCHOOL INC (EIN 930757378) - 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

1971

Legal Domicile

Principal Officer

CHRISTINE PITTS

Phone

5034885200

Tax Period

2023-07-01 to 2024-06-30

OPEN SCHOOL INC, founded in 1971, is a community nonprofit in the Education sector that reported $3.6M in total revenue in fiscal year 2023. Revenue decreased 15% compared to the prior year. Expenses of $4.6M exceeded revenue, resulting in a 31% operating deficit.

Mission

THE MISSION IS TO DEVELOP CONNECTION, CAPABILITY, AND CONFIDENCE IN DISCONNECTED YOUTH.

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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 $1,225,542

Program Service Revenue $2,280,222

Investment Income $43,017

Other Revenue $1,239

TOTAL REVENUE $3,550,020

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,302,531

Fundraising Expenses $208,404

Program Expenses $3,736,760

Other Expenses $1,246,033

TOTAL EXPENSES $4,647,984

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,550,020	$4,162,320	-0.1%
Expenses	$4,647,984	$4,869,724	0.0%
Net Income	$-1,097,964	$-707,404	+0.6%

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

$281,930

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE LIPSITZ	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
TERRA NEILSON	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
ERIN BURRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JOI CONVERSE	BOARD MEMBER	1.00	Director	$0	$0	$0
DAISY DHILLON D O	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE FLORA	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
TAMI MAJER	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY RICHARDS	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL SMIRA	BOARD MEMBER	2.00	Director	$0	$0	$0
CHRISTINE M PITTS PH D	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLEE PIERCE SHENG	EXECUTIVE DIRECTOR	50.00	Officer	$150,072	$20,302	$170,374
MYLEN SHENKER	FINANCE DIRECTOR	50.00	Officer	$106,873	$4,683	$111,556
AMY GRIMM- SEDITA	VICE PRESIDENT OF BUSINESS OPERATIONS	40.00	Officer	$0	$0	$0
ERNEST GUERRERO	STEP UP PROGRAM DIRECTOR	40.00	Highest	$100,013	$15,596	$115,609

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	$3,550,020	$4,647,984	$7,152,859	$-1,097,964
2023	$4,162,320	$4,869,724	$8,454,557	$-707,404
2022	$4,946,972	$4,380,597	$8,738,321	$566,375
2021	$5,000,345	$4,552,706	$8,309,312	$447,639
2020	$4,096,510	$4,919,101	$8,541,573	$-822,591
2019	$4,158,159	$4,531,746	$8,857,718	$-373,587
2018	$4,023,301	$5,082,464	$8,957,406	$-1,059,163

OPEN SCHOOL INC