Two Rivers Classical Academy EIN 83-0897920

Two Rivers Classical Academy FY2022 filing

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Provides staff, facilities, and programs for Two Rivers Classical Academy. For fiscal year 2022 it reported $763K in revenue, $651K in expenses, and $259K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Wdm, IA
Website
tworiversclassical.org
Filings
5 on file (2021–2022)
Revenue
$763KFY2022
Expenses
$651K
Net assets
$259K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  83-0897920 Public charity (501(c)(3)) Wdm, IA
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Provides staff, facilities, and programs for Two Rivers Classical Academy.
Leadership
Nathan Oppman · Director & Headmaster · $49K
Money in and out
$763K revenue, $651K expenses
Bottom line
90% program efficiency
Where the money goes · FY2022
Total revenue
$763K
Pt VIII · Ln 12
Total expenses
$651K
Pt IX · Ln 25
Net assets
$259K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $112K
Where spending went · Part IX cols B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program efficiency
90%
of spending reaches programs
Operating runway
12.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+15%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2022 · Form 990
Revenue
$763K
FY2022▲ +66%
Expenses
$651K
FY2022▲ +74%
Total assets
$1.2M
FY2022▲ +118%
Total liabilities
$909K
FY2022▲ +134%
Total revenue
$763K
Pt VIII · Ln 12
Total expenses
$651K
Pt IX · Ln 25
Net assets
$259K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$112K
Total assetsPt X · Ln 16$1.2M
Program-expense ratioPt IX · col B90%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $585K of program spending, described in the organization's own filed words · FY2021.
01

Operating two rivers classical academy for 199 students.

$585Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTwo Rivers Classical Academy
EINHdr · item D83-0897920
Principal addressHdr · item CWdm, IA
WebsiteHdr · item Jtworiversclassical.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B24)
Ruling yearIRS BMFJul 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director & Headmaster
$48,733Pt VII · Sec A
Director and Treasurer
$22,490Pt VII · Sec A
Director and President
$21,206Pt VII · Sec A
Director and Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Nathan Oppman’s $76K as Headmaster is at the 17th percentile of top reported officer pay among 3393 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Nathan Oppman$75,687$66,232$57,813$48,733
Andrew Karas$5,833$12,917$22,490$6,000
Zach Dietrich$18,592$16,192$17,250$21,206$6,000
Stanley Jensen$6,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$718K · 94%
Contributions & grants$43K · 6%
Program service revenue94%$718K
Contributions & grants6%$43K
Investment income$1K
Total revenueLn 12$763K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.90 Management & general $0.07 Fundraising $0.03
Program services90%$585K
Management & general7%$47K
Fundraising3%$18K
Total functional expensesLn 25$651K

Balance Sheet

Part X · end of year
CashLn 1$673K
Total assetsLn 16$1.2M
Total liabilitiesLn 26$909K
Total net assetsLn 32$259K
Months of cash on handcomputed12.4

Financial Metrics

Form 990 · FY2022 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $673K · Operating expenses/yr $651K
12.4 months
Where the money goes
Program services
Program services $585K · Total expenses $651K
90%
Management & General
Management & general $47K · Total expenses $651K
7%
Fundraising
Fundraising $18K · Total expenses $651K
3%
Cost to raise $1
Fundraising expense (2-yr avg) $9K · Solicited contributions (2-yr avg) $37K
$0.25 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $43K · Total revenue $763K
6%
Government reliance
Government grants — · Total revenue $763K
Earned-income share
Program service revenue $718K · Total revenue $763K
94%
Investment reliance
Investment income $1K · Total revenue $763K
+0.2%
Program self-sufficiency
Program service revenue $718K · Total expenses $651K
110%
Growth & trend
Revenue growth (YoY)
This year $763K · Prior year $458K
+66%
Net-asset trend (YoY)
End of year $259K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $763K · Expenses $651K
+15%
Liabilities-to-Assets
Total liabilities — · Total assets $1.2M
Net-asset ratio
Net assets $259K · Total assets $1.2M
22%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.2M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Nathan Oppman · Reported title DIRECTOR & HEADMASTER · Highest reported compensation $49K · Total expenses $651K
7%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $535K · Total expenses $651K
82%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 90%
Overhead ratio 7%
Fundraising cost ratio 42%
Revenue growth 66%
Accounting fee ratio 0.8%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 1 funder$273

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.2M revenue · ⤓ 990 PDF
FY2024$1.3M revenue · ⤓ 990 PDF
FY2023$988K revenue · ⤓ 990 PDF
FY2022$763K revenue · viewing · ⤓ 990 PDF
FY2021$458K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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