OPEN HANDS FOUNDATION

EIN: 200456778 501(c)(3) Philanthropy & Grantmaking

EXCELSIOR, MN

Total Revenue
$664,111
Total Expenses
$1,436,989
Total Assets
$606,837
Net Assets
$562,840
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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
2003
Legal Domicile
MN
Principal Officer
STEVEN LATTU
Phone
9528186048
Tax Period
2024-08-01 to 2025-07-31

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.

Mission

WE OFFER LOVE, DIGNITY AND HOPE BY MEETING CRITICAL NEEDS OF PEOPLE IN OUR COMMUNITY.

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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 $622,699
Program Service Revenue $0
Investment Income $41,412
Other Revenue $0
TOTAL REVENUE $664,111

Expense Breakdown

Grants Paid $1,037,178
Salaries & Benefits $0
Fundraising Expenses $10,000
Program Expenses $1,214,944
Other Expenses $389,811
TOTAL EXPENSES $1,436,989

Year-over-Year Comparison

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%
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
7
Independent Members
6
Employees
N/A
Volunteers
25

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
4
$103,911
Total Directors
7
$236,745
Key Employees
0
$0
Highest Compensated
0
reported
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
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
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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