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. CURRENTLY OUR ONLY PROGRAM IS HOPE HOUSE, A YOUTH CRISIS AND COUNSELING SHELTER.
SEE SCH O.HOPE HOUSE IS A YOUTH CRISIS AND COUNSELING SHELTER PROVIDED BY THE ORGANIZATION THROUGH A PARTNERSHIP WITH 180 DEGREES (PROGRAM SERVICE PROVIDER) AND WESTWOOD COMMUNITY CHURCH. THE SHELTER...
SEE SCH O.HOPE HOUSE IS A YOUTH CRISIS AND COUNSELING SHELTER PROVIDED BY THE ORGANIZATION THROUGH A PARTNERSHIP WITH 180 DEGREES (PROGRAM SERVICE PROVIDER) AND WESTWOOD COMMUNITY CHURCH. THE SHELTER PROVIDES SAFE, STABLE AND SUPPORTIVE EMERGENCY HOUSING AND COUNSELING. SPECIFICALLY, IT PROVIDES: 6 BEDS FOR YOUTH IN CRISIS AGES 14-19; 24HR/ 7DAYS A WEEK CRISIS SHELTER; COUNSELING FOR YOUTH, PARENTS AND FAMILY; DEDICATED PROFESSIONAL STAFF; NO COST FOR SERVICES; AND A FIRST CALL FOR LAW ENFORCEMENT, SCHOOLS, COMMUNITY ORGANIZATIONS, HEALTHCARE PROVIDERS, AND FAMILIES IN CRISIS. YOUTH/FAMILY IMPACT: SINCE OPENING IN 2015, 4,606 IMPACTED YOUTH: WITH 870 YOUTH MAKING OVERNIGHT STAYS, AND 3,736 INQUIRIES HAVE BEEN HANDLED THROUGH CALLS OR TEXTS FOR HELP. HOUSING STABILITY (OUR GOAL IS TO HAVE KIDS BACK IN A SAFE/STABLE ENVIRONMENT): IN AUGUST 2024 - JULY 2025, 92% OF THE YOUTH ACHIEVED THIS GOAL AT EXIT AFTER AN AVERAGE OF 22 DAYS IN THE SHELTER. IN AUG'24 - JUL'25, 731 YOUTH WERE IMPACTED, WITH 83 MAKING OVERNIGHT STAYS. HOPE HOUSE BENEFITS TEENS AND THEIR FAMILIES, AS WELL AS THE BROADER COMMUNITY, INCLUDING SCHOOLS, HOSPITALS, AND LAW ENFORCEMENT, BY PROVIDING EMERGENCY SHELTER SERVICES, CASE MANAGEMENT, ADVOCACY, RESOURCE, REFERRAL AND WRAP-AROUND SERVICES TO YOUTH. THROUGH POSITIVE, PRO-ACTIVE, PROGRAMMING AND MESSAGES, HOPE HOUSE BUILDS CONFIDENCE; TEACHES THEM THAT THEY HAVE MANY OPTIONS IN LIFE; AND FOSTERS THE DEVELOPMENT OF THE SKILLS, ATTITUDES, AND BEHAVIORS TO MAKE RESPONSIBLE CHOICES. HOPE HOUSE CASE MANAGERS HELP YOUTH IDENTIFY NEEDS, SET GOALS, AND DEVELOP PLANS. HOPE HOUSE TEENS ARE MEANINGFULLY CONNECTED WITH COMMUNITY RESOURCES TO HELP THEM MEET THEIR GOALS IN THREE KEY AREAS: HOUSING, EMPLOYMENT, AND EDUCATION. YOUTH ARE ENCOURAGED TO PARTICIPATE IN ACTIVITIES IN THE COMMUNITY AS MUCH AS POSSIBLE.DURING THE YEAR, WE CONTINUED THE EXPANSION PROJECT FOR THE HOPE HOUSE PROGRAM. WE STARTED THE FISCAL YEAR WITH TEMPORARY RESTRICTED ASSETS FOR THE HOPE HOUSE PROGRAM OF $857,945. DURING THE FISCAL YEAR WE RECEIVED $421,695 IN DESIGNATED CONTRIBUTIONS TO HOPE HOUSE AND INCURRED $1,224,944 IN RELATED HOPE HOUSE PROGRAM EXPENSES, RESULTING IN $54,696 REMAINING IN TEMPORARILY RESTRICTED NET ASSETS AT YEAR END.
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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