OPEN DOORS HOMELESS COALITION

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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

2005

Legal Domicile

Principal Officer

DENA WITTMANN

Phone

2286042048

Tax Period

2024-01-01 to 2024-12-31

OPEN DOORS HOMELESS COALITION, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $2.7M in total revenue in fiscal year 2024.

Mission

OPEN DOORS HOMELESS COALITION IS A COLLABORATIVE INITIATIVE IN SOUTH MISSISSIPPI DEDICATED TO BUILDING SOLUTIONS TO HOMELESSNESS THROUGH IMPROVED SERVICE DELIVERY, COMMUNITY OUTREACH AND ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $2,391,763

OPEN DOORS HOMELESS COALITION MANAGES THE HOMELESS MANAGEMENT INFORMATION SYSTEM FOR THE SIX LOWER COASTAL COUNTIES THAT MAKE UP THE CONTINUUM OF CARE AREA. OPEN DOORS HOMELESS COALITION WORKS WITH ITS MEMBER AGENCIES TO BUILD SOLUTIONS TO PREVENT AND END HOMELESSNESS AND SERVES AS THE COORDINATED ENTRY FOR THE HUD CONTINUUM OF CARE. OPEN DOORS ALSO ASSIST INDIVIDUALS AND FAMILIES WHO ARE EXPERIENCING A HOUSING CRISIS AND QUALIFY FOR ASSISTANCE AND PROVIDES RENTAL ASSISTANCE AND LINKAGES TO COMMUNITY SERVICES AS WELL AS ASSISTING WITH ADDRESSING RENTAL ASSISTANCE FOR INDIVIDUALS WITH MENTAL HEALTH ISSUES.

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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 $2,685,191

Program Service Revenue $0

Investment Income $2,295

Other Revenue $0

TOTAL REVENUE $2,687,486

Expense Breakdown

Grants Paid $0

Salaries & Benefits $695,385

Fundraising Expenses $0

Program Expenses $2,391,763

Other Expenses $1,940,885

TOTAL EXPENSES $2,636,270

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,687,486	$2,489,045	+0.1%
Expenses	$2,636,270	$2,422,005	+0.1%
Net Income	$51,216	$67,040	-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

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

$161,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLOTTE KING	CHAIRMAN	0.00	Director	$0	$0	$0
STEPHEN REED	TREASURER	0.00	Director	$0	$0	$0
ERICA JOHNSON	CO-SECRETARY	0.00	Director	$0	$0	$0
DEREK WAFFEL	CO-SECRETARY	0.00	Director	$0	$0	$0
HENRY G MCNEALSR	BOARD MEMBER	0.00	Director	$0	$0	$0
HONORA MAYFIELD	BOARD MEMBER	0.00	Director	$0	$0	$0
ASHLEY COMSTOCK	BOARD MEMBER	0.00	Director	$0	$0	$0
PATTI GUIDER	DIRECTOR OF OPERATIONS	40.00	Officer	$75,600	$0	$75,600
DENA WITTMANN	EXECUTIVE DIRECTOR	40.00	Officer	$85,800	$0	$85,800

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	$2,687,486	$2,636,270	$913,432	$51,216
2023	$2,489,045	$2,422,005	$723,863	$67,040
2022	$3,261,707	$3,687,128	$912,947	$-425,421
2021	$10,386,178	$9,538,690	$1,664,435	$847,488
2020	$2,763,774	$2,732,150	$309,352	$31,624
2019	$1,465,899	$1,445,483	$181,614	$20,416
2018	$1,124,693	$1,099,337	$200,857	$25,356