OPEN M FOUNDATION (EIN 030605432) - 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

2004

Legal Domicile

Principal Officer

JULIE CARNEAL

Phone

3304340110

Tax Period

2024-10-01 to 2025-09-30

OPEN M FOUNDATION, founded in 2004, is a micro nonprofit in the Religion sector that reported $29K in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $24K, a strong 82% operating margin.

Mission

OPEN M FOUNDATION RAISES, INVESTS AND DISTRIBUTES FUNDS TO SUPPORT THE CHARITABLE PURPOSE OF OPPORTUNITY PARISH ECUMENICAL NEIGHBORHOOD MINISTRY, OPEN M, WHICH INCLUDES THE COORDINATION OF THE PROVISION OF MEDICAL SERVICES, FOOD, TUTORING, JOB TRAINING, AND OTHER SOCIAL SERVICES FOR LOW- INCOME INDIVIDUALS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $28,725

Other Revenue $0

TOTAL REVENUE $28,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $5,171

Other Expenses $5,171

TOTAL EXPENSES $5,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,725	$62,234	-0.5%
Expenses	$5,171	$4,612	+0.1%
Net Income	$23,554	$57,622	-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

N/A

Volunteers

N/A

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
DAN CULP	CHAIR	1.00	Officer Director	$0	$0	$0
DONNA SKODA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
RAY DUNKLE	TREASURER	1.00	Officer Director	$0	$0	$0
AMY GARCIA	SECRETARY	1.00	Officer Director	$0	$0	$0
DR BRIAN BAUMAN	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DOUGALL	DIRECTOR	1.00	Director	$0	$0	$0
CAROLE ETTINGER	DIRECTOR	1.00	Director	$0	$0	$0
LAURA LITTMAN	DIRECTOR	1.00	Director	$0	$0	$0
JACOB DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
MEGAN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
JILL SELLERS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA TORRENCE	DIRECTOR	1.00	Director	$0	$0	$0
TARA SCHULTZ	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW ERKKILA	DIRECTOR	1.00	Director	$0	$0	$0
JULIE CARNEAL	CEO	1.00	Officer	$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
2025	$28,725	$5,171	$1,133,850	$23,554
2024	$62,234	$4,612	$1,029,152	$57,622
2023	$28,889	$4,138	$844,033	$24,751
2022	$80,816	$4,380	$767,140	$76,436
2021	$104,807	$3,955	$869,021	$100,852
2019	$21,039	$3,057	$672,370	$17,982
2018	$25,943	$2,916	$564,417	$23,027

OPEN M FOUNDATION