EXCELSIOR, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)OPEN HANDS FOUNDATION, founded in 2003, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $664K in total revenue in fiscal year 2024. Revenue fell 55% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 116% operating deficit.
WE OFFER LOVE, DIGNITY AND HOPE BY MEETING CRITICAL NEEDS OF PEOPLE IN OUR COMMUNITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $664,111 | $1,470,098 | -0.5% |
| Expenses | $1,436,989 | $512,252 | +1.8% |
| Net Income | $-772,878 | $957,846 | -1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| JOEL JOHNSON | DIRECTOR | 3.00 |
Director
|
$0 | $94,538 | $236,745 |
| MICHAEL MOORE | CHAIR | 12.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE LATTU | TREASURER | 12.00 |
Officer
Director
|
$0 | $0 | $0 |
| TAMI NORTON | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| CANDYCE TRAUTWEIN | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| CINDY ALNESS | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| BRUCE ANDERSON | DIRECTOR | 3.00 |
Director
|
$0 | $0 | $0 |
| RODNEY PROVART | EXECUTIVE DIRECTOR | 40.00 |
Officer
|
$0 | $17,135 | $103,911 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $664,111 | $1,436,989 | $606,837 | $-772,878 |
| 2024 | $1,470,098 | $512,252 | $1,412,156 | $957,846 |
| 2023 | $129,547 | $228,261 | $427,772 | $-98,714 |
| 2022 | $382,347 | $316,987 | $529,008 | $65,360 |
| 2021 | $444,205 | $270,874 | $426,331 | $173,331 |
| 2020 | $321,655 | $124,892 | $238,397 | $196,763 |
| 2019 | $379,300 | $301,393 | $140,362 | $77,907 |
| 2018 | $329,106 | $333,708 | $108,901 | $-4,602 |
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