OPENING GATES INC

EIN: 208434343 501(c)(3) Recreation & Sports

JEFFERSONVILLE, IN

Total Revenue
$77,869
Total Expenses
$64,729
Total Assets
$13,140
Net Assets
$13,140
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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
2007
Legal Domicile
IN
Principal Officer
SHARA L WIESENAUER
Phone
5024687972
Tax Period
2024-01-01 to 2024-12-31

OPENING GATES INC, founded in 2007, is a micro nonprofit in the Recreation & Sports sector that reported $78K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. The organization ran a surplus of $13K, a strong 17% operating margin.

Mission

MENTAL HEALTH COUNSELING

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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 $77,869
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $77,869

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,294
Fundraising Expenses $0
Program Expenses $64,729
Other Expenses $61,435
TOTAL EXPENSES $64,729

Year-over-Year Comparison

2024 2023 Change
Revenue $77,869 $86,232 -0.1%
Expenses $64,729 $63,581 +0.0%
Net Income $13,140 $22,651 -0.4%
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
3
Independent Members
3
Employees
N/A
Volunteers
8

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHARA WIESENAUER PRESIDENT 20.00
$0 $0 $0
CAROLE WILSON VICE PRESIDENT 20.00
$0 $0 $0
NANCY KLUMB SECRETARY 20.00
$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
2024 $77,869 $64,729 $13,140 $13,140
2023 $86,232 $63,581 No data $22,651
2022 $36,006 $39,698 No data $-3,692
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