Ozark Education Inc

Nonprofit profile at a glance

EIN
462583543
IRS 990 coverage
2014–2015
Forms available
Form 990 2015
Location
Springdale, AR, USA
Phone
4799359992
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Charter Schools

Official website

Reported finances

Revenue
$1,897,615
Expenses
$1,737,517
Assets
$230,915
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2015. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • DR LARRY ASH (PRESIDENT)
  • DR CHRISTINE SILANO (CEO)

Highest reported compensation

  • DR CHRISTINE SILANO (CEO): $74,679 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2015. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Ozark education inc is dedicated to providing 21st century education opportunities to students pre-k - adult with an emphasis on college and career readiness to build a competitive workforce in northwest Arkansas.

What it reported doing in 2015

Ozark education inc. Provides an excellent learning experience in a montessori preschool. We now have 40 children enrolled in the preschool which is from 8 am to 3:30 pm. We also provide extended care from 7 am to 6 pm. Ozark education inc offers technology eduction through after school classes and summer camp for grades 5-9. They receive a grant for this in the amount of 1,500. Ozark education inc received a charter school authorization in 2015 and is authorized for 140 students. Ozark education inc moved to a newly remodeled building in springdale in december of 2015.

Operating model

Revenue model
Grant-funded. 91% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: 95.7%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 8.4%; rating input score 66; 66th percentile among comparable filings
  • Total-asset coverage ratio: 0.13; rating input score 6; 6th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 95; 95th percentile among comparable filings
  • Officer compensation ratio: 4.3%; rating input score 60; 60th percentile among comparable filings

Growth

  • Program expense growth: 127.3% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 121.9% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 106.1% per year; rating input score 100; 99th percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed · 95.7% of spending went to programs
  • Governance: 6 of 6 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $75K · 5 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2014 to 2015
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Sustainability: Total-asset coverage ratio scored 6/100.
  • Review — Accountability: Governance controls: Independent financial-statement audit not reported.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.