Open Hearth Commnuity Center Inc

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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

2013

Legal Domicile

Principal Officer

Kaiya Korb

Phone

8024969942

Tax Period

2023-01-01 to 2023-12-31

Open Hearth Commnuity Center Inc, founded in 2013, is a small nonprofit in the Education sector that reported $258K in total revenue in fiscal year 2023. The organization ran a surplus of $74K, a strong 29% operating margin.

Mission

Pre-K Enrichment program, school playgroups various summer workshops and after school program serving approximately 56 students and 200 community members.

Program Service Accomplishments

Program 1

Expenses: $153,376 Revenue: $195,488

Waistfield After School Program offers affordable after school and preschool age child care services to the community. They serve approximately 100 families over the course of the school year and...

Waistfield After School Program offers affordable after school and preschool age child care services to the community. They serve approximately 100 families over the course of the school year and they offer summer camps.

Program 2

Expenses: $31,135 Revenue: $39,684

Mad River Mentoring offers mentor relationships for families in need of support

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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 (2023)

Revenue Breakdown

Contributions & Grants $39,684

Program Service Revenue $195,488

Investment Income $58

Other Revenue $23,052

TOTAL REVENUE $258,282

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,237

Fundraising Expenses $0

Program Expenses $184,511

Other Expenses $33,274

TOTAL EXPENSES $184,511

Year-over-Year Comparison

	2023	2022	Change
Revenue	$258,282	N/A	N/A
Expenses	$184,511	N/A	N/A
Net Income	$73,771	N/A	N/A

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

N/A

Employees

Volunteers

N/A

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
Erika Smart-Weir	President	5.00	Director	$0	$0	$0
Kaiya Korb	Treasurer	5.00	Director	$0	$0	$0
Ben Olds	Mentoring Treasurer	5.00	Director	$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
2023	$258,282	$184,511	$150,094	$73,771