ORGANIZATION FOR EDUCATIONAL TECHN… - Form 990 Financial Data

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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

1995

Legal Domicile

Principal Officer

THOMAS RICHARDS

Phone

8006508250

Tax Period

2023-01-01 to 2023-12-31

ORGANIZATION FOR EDUCATIONAL TECHNOLOGY AND CURRICULUM, founded in 1995, is a community nonprofit in the Science & Technology sector that reported $5.7M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 27% operating margin.

Mission

NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION DEDICATED TO MAXIMIZING THE VALUE OF EDUCATIONAL TECHNOLOGY TO ITS MEMBERS BY WORKING WITH SOFTWARE AND HARDWARE VENDORS TO PROCURE THE MOST EFFECTIVE AND APPROPRIATE TECHNOLOGICAL RESOURCES AT THE LOWEST POSSIBLE PRICE.

Program Service Accomplishments

Program 1

Expenses: $1,969,531 Revenue: $282,189

OETC IS A STATEWIDE SCHOOL DISTRICT SERVICE ORGANIZATION DESIGNED TO GATHER, ANALYZE AND DISSEMINATE RESEARCH AND OTHER MATERIALS PERTAINING TO THE USES OF TECHNOLOGY INSTRUCTION AND LEARNING BY...

OETC IS A STATEWIDE SCHOOL DISTRICT SERVICE ORGANIZATION DESIGNED TO GATHER, ANALYZE AND DISSEMINATE RESEARCH AND OTHER MATERIALS PERTAINING TO THE USES OF TECHNOLOGY INSTRUCTION AND LEARNING BY MEMBER SCHOOL DISTRICTS IN OREGON AND OTHER WESTERN STATES. AS A FACILITATOR OF THIS GOAL, OETC ALSO SELLS SOFTWARE AND HARDWARE TO MEMBER SCHOOL DISTRICTS AT A GREATLY REDUCED COST. ALL EXPENSES ARE FOR THESE PROGRAMS.

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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 $282,189

Investment Income $266,993

Other Revenue $5,187,632

TOTAL REVENUE $5,736,814

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,013,013

Fundraising Expenses $0

Program Expenses $1,969,531

Other Expenses $2,176,179

TOTAL EXPENSES $4,189,192

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,736,814	$4,325,245	+0.3%
Expenses	$4,189,192	$2,476,900	+0.7%
Net Income	$1,547,622	$1,848,345	-0.2%

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

$304,507

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THOMAS RICHARDS	EXECUTIVE DI	40.00	Officer	$242,477	$62,030	$304,507
STEPHEN YAMADA	DIRECTOR OF	40.00	Highest	$162,171	$32,277	$194,448
DERRICK BROWN	PRESIDENT	5.00	Officer Director	$0	$0	$0
CHAD STITELER	TREASURER	5.00	Officer Director	$0	$0	$0
SHELBY REYNOLDS	PRESIDENT-EL	5.00	Officer Director	$0	$0	$0
ELLEN DORR	PAST-PRESIDE	5.00	Director	$0	$0	$0
DON WOLFF	BOARD MEMBER	5.00	Director	$0	$0	$0
RACHEL WENTE-CHANEY	BOARD MEMBER	5.00	Director	$0	$0	$0
MIKE FLECKENSTEIN	BOARD MEMBER	5.00	Director	$0	$0	$0
DEVAN DELASHMUTT	BOARD MEMBER	5.00	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	No data	No data	No data	No data
2023	$5,736,814	$4,189,192	$17,519,917	$1,547,622
2022	$4,325,245	$2,476,900	$16,624,731	$1,848,345
2021	$7,330,105	$2,387,663	$19,424,020	$4,942,442
2020	$3,057,290	$1,940,506	$7,501,874	$1,116,784
2019	$2,221,159	$2,240,120	$10,756,135	$-18,961
2018	$2,514,656	$2,122,165	$11,186,029	$392,491

ORGANIZATION FOR EDUCATIONAL TECHNOLOGY AND CURRICULUM