OPEN ARMS CARE FOUNDATION

EIN: 141920800 501(c)(3) Housing & Shelter

BRENTWOOD, TN

Total Revenue
$147,216
Total Expenses
$15,539
Total Assets
$818,811
Net Assets
$814,723
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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
GA
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.

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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%)

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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

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Governance

Voting Members
1
Independent Members
1
Employees
N/A
Volunteers
1

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
1
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
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
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