OPEN DOOR FOUNDATION INC

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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

1989

Legal Domicile

Principal Officer

LINDSAY C FARRELL

Phone

9145021470

Tax Period

2023-01-01 to 2023-12-31

OPEN DOOR FOUNDATION INC, founded in 1989, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.6M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $901K, a strong 25% operating margin.

Mission

THE MISSION OF THE OPEN DOOR FOUNDATION IS TO PROMOTE COMMUNITY HEALTH THROUGH PHILANTHROPIC SUPPORT OF THE OPEN DOOR FAMILY MEDICAL CENTERS AND OTHER INITIATIVES DESIGNED TO ENHANCE THE HEALTH AND WELLNESS OF PEOPLE IN THE COMMUNITIES OPEN DOOR SERVES. THE FOUNDATION ALSO PROVIDES SUPPORT TO OPEN DOOR'S FINANCIAL OPERATIONS AND INVESTMENTS.

Program Service Accomplishments

Program 1

Expenses: $1,790,616

THE OPEN DOOR FOUNDATION WAS INCORPORATED TO PROMOTE THE HEALTH OF THE RESIDENTS OF ULSTER, WESTCHESTER AND PUTNAM COUNTIES, NEW YORK, ESPECIALLY PEOPLE WHO ARE MEDICALLY UNDERSERVED. IT COLLECTS AND DISSEMINATES INFORMATION ABOUT PROGRAMS THAT ENHANCE THE HEALTH AND WELL BEING OF THE PUBLIC. IT CONSULTS WITH HEALTH CARE PROVIDERS AND OFFERS A FORUM FOR EXAMINING HEALTH RELATED ISSUES. IT PROMOTES THE AVAILABILITY, ACCESSABILITY AND QUALITY OF HEALTH CARE IN ULSTER, WESTCHESTER AND PUTNAM COUNTIES. THE OPEN DOOR FOUNDATION SOLICITS AND ADMINISTERS CONTRIBUTIONS AND GRANTS FOR THE BENEFIT OF HEALTH CARE ORGANIZATIONS IN ULSTER, WESTCHESTER AND PUTNAM COUNTIES LICENSED UNDER ARTICLE 28 OF THE NEW YORK PUBLIC HEALTH LAW INCLUDING BUT NOT LIMITED TO OPEN DOOR FAMILY MEDICAL CENTER.

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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 $2,969,910

Program Service Revenue $0

Investment Income $669,904

Other Revenue $0

TOTAL REVENUE $3,639,814

Expense Breakdown

Grants Paid $1,683,108

Salaries & Benefits $396,413

Fundraising Expenses $490,779

Program Expenses $1,790,616

Other Expenses $659,694

TOTAL EXPENSES $2,739,215

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,639,814	$2,917,285	+0.2%
Expenses	$2,739,215	$2,381,804	+0.2%
Net Income	$900,599	$535,481	+0.7%

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

$932,291

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANITA SUCHDEO	OUTGOING BOARD MEMBER	1.00	Director	$0	$0	$0
BRENDAN O'ROURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIANN ROVETO	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD S SCHRADER	BOARD MEMBER	1.00	Director	$0	$0	$0
JAMIE JENSEN	CHAIR	1.00	Officer Director	$0	$0	$0
KATE SANZENBACHER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KIM O'CONNOR	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA MOGIL	BOARD MEMBER	1.00	Director	$0	$0	$0
LAURA PICONE	TREASURER	1.00	Officer Director	$0	$0	$0
LESLIE CHANG	BOARD MEMBER	1.00	Director	$0	$0	$0
NOI SUKAVIRAYA	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT GLAZER	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN MARAYNES	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDSAY C FARRELL	PRESIDENT & CEO	2.00	Officer	$28,190	$43,087	$606,885
MARIA MAZZOTTA	CHIEF FINANCE OFFICER	2.00	Officer	$15,728	$10,655	$325,406

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	$3,639,814	$2,739,215	$16,369,596	$900,599
2022	$2,917,285	$2,381,804	$12,636,421	$535,481
2021	$2,419,536	$1,804,908	$12,992,364	$614,628
2020	$1,889,590	$1,460,295	$11,915,590	$429,295
2019	$3,425,310	$1,114,027	$10,566,767	$2,311,283
2018	$1,219,454	$1,115,687	$8,942,026	$103,767