OPEN BOOKS LTD (EIN 204830666) - Form 990 Financial Analysis & Trantor Score

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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

2006

Legal Domicile

Principal Officer

JENNIFER STEELE

Phone

3124751355

Tax Period

2023-07-01 to 2024-06-30

OPEN BOOKS LTD, founded in 2006, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $3.4M left a modest 14% surplus.

Mission

OPEN BOOKS COLLECTS, GRANTS, AND SELLS USED BOOKS, PROVIDES COMMUNITY PROGRAMS AND MOBILIZES PASSIONATE VOLUNTEERS TO RAISE AWARENESS ABOUT LITERACY, IMPROVE READING AND WRITING SKILLS AND SPREAD THE LOVE OF READING AND WRITING IN CHICAGO AND BEYOND.

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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 $3,185,325

Program Service Revenue $73,187

Investment Income $19,791

Other Revenue $645,986

TOTAL REVENUE $3,924,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,703,648

Fundraising Expenses $160,695

Program Expenses $2,782,309

Other Expenses $1,655,969

TOTAL EXPENSES $3,359,617

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,924,289	$3,624,935	+0.1%
Expenses	$3,359,617	$3,128,887	+0.1%
Net Income	$564,672	$496,048	+0.1%

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

Employees

Volunteers

455

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

$132,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE VASCONCELLOS	CHAIR	2.00	Officer Director	$0	$0	$0
ROSA CARRILLO	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DENISE SCHWARTZ	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSHUA LEAVITT	TREASURER	2.00	Officer Director	$0	$0	$0
ALEX BRELAND	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER CLAUS	DIRECTOR	1.00	Director	$0	$0	$0
BRANDON COPPLE	DIRECTOR	1.00	Director	$0	$0	$0
STACY CROOK	DIRECTOR	1.00	Director	$0	$0	$0
COLLEEN FOLEY	DIRECTOR	1.00	Director	$0	$0	$0
GAJANAN KASBEKAR	DIRECTOR	1.00	Director	$0	$0	$0
MATT KREIS	DIRECTOR	1.00	Director	$0	$0	$0
SARA GILLEY KRIVOSHIA	DIRECTOR	1.00	Director	$0	$0	$0
KHADEEJAH LASUC-LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
ANNE MATZ	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA STEED	DIRECTOR	1.00	Director	$0	$0	$0
EVAN TRENT	DIRECTOR	1.00	Director	$0	$0	$0
LAURA WYLIE	DIRECTOR	1.00	Director	$0	$0	$0
ERIC JOHNSON	EXECUTIVE DIRECTOR - TERM	45.00	Officer	$122,683	$9,641	$132,324
JENNIFER STEELE	EXECUTIVE DIRECTOR (AS OF JAN 2024)	40.00	Officer	$0	$0	$0
RYAN JACKSON	DIRECTOR OF OPERATIONS	40.00	Highest	$102,196	$13,033	$115,229

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	No data	No data	No data	No data
2024	$3,924,289	$3,359,617	$4,316,699	$564,672
2023	$3,624,935	$3,128,887	$4,049,088	$496,048
2022	$2,509,213	$2,422,938	$1,632,134	$86,275
2021	$2,915,456	$2,348,180	$1,645,591	$567,276
2020	$2,959,609	$2,402,182	$1,110,443	$557,427
2019	$2,411,991	$2,393,910	$546,181	$18,081
2018	$2,235,456	$2,238,643	$504,127	$-3,187

OPEN BOOKS LTD