OPEN ARMS CARE FOUNDATION

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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

1986

Legal Domicile

Principal Officer

GEORGE STEVENS

Phone

6152544006

Tax Period

2024-01-01 to 2024-12-31

OPEN ARMS CARE FOUNDATION, founded in 1986, is a small nonprofit in the Housing & Shelter sector that reported $147K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. The organization ran a surplus of $132K, a strong 89% operating margin.

Mission

TO PROVIDE FUNDING TO EXPAND NON-MEDICAID ALLOWABLE SERVICES AND IMPROVE THE QUALITY OF LIFE FOR INTELLECTUALLY AND DEVELOPMENTALLY DISABLED INDIVIDUALS UNDER THE CARE OF OPEN ARMS CORPORATION.

Program Service Accomplishments

Program 1

Expenses: $15,539

OPEN ARMS CARE FOUNDATION WAS ESTABLISHED TO PROVIDE FUNDING FOR NON-MEDICAID ALLOWABLE COSTS, CAPITAL PROJECTS, AND SPECIAL REQUESTS FOR THE BENEFIT OF INTELLECTUALLY AND DEVELOPMENTALLY DISABLED...

OPEN ARMS CARE FOUNDATION WAS ESTABLISHED TO PROVIDE FUNDING FOR NON-MEDICAID ALLOWABLE COSTS, CAPITAL PROJECTS, AND SPECIAL REQUESTS FOR THE BENEFIT OF INTELLECTUALLY AND DEVELOPMENTALLY DISABLED INDIVIDUALS UNDER THE CARE OF OPEN ARMS CARE CORPORATION. OPEN ARMS CARE CORPORATION, A RELATED 501(C)(3) ORGANIZATION, HELPS INDIVIDUALS WITH INTELLECTUAL ANDDEVELOPMENTAL DISABILITIES REACH THEIR MAXIMUM POTENTIAL THROUGH LIFE SKILLS DEVELOPMENT, VOCATIONAL SERVICES, RECREATIONAL THERAPIES AND COMMUNITY INTEGRATION.

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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 $125,133

Program Service Revenue $0

Investment Income $22,083

Other Revenue $0

TOTAL REVENUE $147,216

Expense Breakdown

Grants Paid $12,387

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,539

Other Expenses $3,152

TOTAL EXPENSES $15,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$147,216	$157,440	-0.1%
Expenses	$15,539	$15,168	+0.0%
Net Income	$131,677	$142,272	-0.1%

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

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
GEORGE STEVENS	PRESIDENT	2.00	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
2024	$147,216	$15,539	$818,811	$131,677
2023	$157,440	$15,168	$689,836	$142,272
2022	$90,304	$7,074	$542,084	$83,230