OPENCAPE CORPORATION (EIN 208670761) - 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

2007

Legal Domicile

Principal Officer

AL TATE

Phone

5083622224

Tax Period

2023-01-01 to 2023-12-31

OPENCAPE CORPORATION, founded in 2007, is a community nonprofit in the Community Improvement sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $5.7M exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE 100% FIBER OPTIC INTERNET FOR GOVERNMENT ORGANIZATIONS, SCHOOLS, BUSINESSES AND RESIDENTS ON CAPE COD & THE ISLANDS AND SOUTHEASTERN MASSACHUSETTS.

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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 $624

Program Service Revenue $4,638,714

Investment Income $80,016

Other Revenue $0

TOTAL REVENUE $4,719,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,436,672

Fundraising Expenses $0

Program Expenses $4,612,169

Other Expenses $4,242,943

TOTAL EXPENSES $5,679,615

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,719,354	$3,808,117	+0.2%
Expenses	$5,679,615	$5,540,949	+0.0%
Net Income	$-960,261	$-1,732,832	-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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$119,193

Total Directors

Key Employees

$268,123

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN CAMPBELL	CHAIRMAN	1.00	Officer Director	$0	$0	$0
JOHN KEENAN JR	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
AL TATE	TREASURER	1.00	Officer Director	$0	$0	$0
ADAM AVRATIN	ASSISTANT CLERK	1.00	Officer Director	$0	$0	$0
ARTHUR S GAYLORD	CHAIRMAN EMERITUS	1.00	Officer Director	$0	$0	$0
ANDRES REMIS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VIBBERTS	DIRECTOR	1.00	Director	$0	$0	$0
SEAN GONSALVES	DIRECTOR	1.00	Director	$0	$0	$0
ALISON CARON	DIRECTOR	1.00	Director	$0	$0	$0
MARIE OLIVA	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS BECO	DIRECTOR	1.00	Director	$0	$0	$0
SEAN O'BRIEN	DIRECTOR	1.00	Director	$0	$0	$0
ERIC ENNES	CFO UNTIL 9/2023	40.00	Officer	$112,446	$6,747	$119,193
STEVEN JOHNSTON	CEO/EXECUTIVE DIRECTOR	40.00	Key Emp	$238,901	$29,222	$268,123

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	No data	No data	No data	No data
2023	$4,719,354	$5,679,615	$23,113,800	$-960,261
2022	$3,808,117	$5,540,949	$22,860,109	$-1,732,832
2021	$3,871,374	$5,212,537	$24,434,356	$-1,341,163
2020	$3,381,885	$4,698,120	$25,475,791	$-1,316,235
2019	$3,277,668	$4,666,696	$26,548,226	$-1,389,028
2018	$2,620,876	$4,733,442	$27,546,068	$-2,112,566

OPENCAPE CORPORATION