Open Hearth Commnuity Center Inc

EIN: 202835539 501(c)(3) Education

Waitsfield, VT

Total Revenue
$258,282
Total Expenses
$184,511
Total Assets
$150,094
Net Assets
$119,471
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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
VT
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.

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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 (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

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Governance

Voting Members
4
Independent Members
N/A
Employees
9
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
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
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