OPEN HEARTH INC (EIN 232652023) - 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

1991

Legal Domicile

Principal Officer

EDWIN SANTIAGO

Phone

6107929282

Tax Period

2023-01-01 to 2023-12-31

OPEN HEARTH INC, founded in 1991, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2023. Revenue surged 238% from the prior year, signaling strong growth momentum. Expenses of $3.0M left a modest 4% surplus.

Mission

OPEN HEARTH, INC., A PRIVATE NONPROFIT ORGANIZATION SERVING CHESTER COUNTY AND PORTIONS OF MONTGOMERY COUNTY, PROVIDES INNOVATIVE PROGRAMS TO HELP PEOPLE END THE CYCLE OF HOMELESSNESS AND ACHIEVE FINANCIAL SELF-SUFFICIENCY. THROUGH ITS OWN DIRECT PROVISION OF SERVICES, AS WELL AS AN ESTABLISHED NETWORK OF OTHER NONPROFITS, THE ORGANIZATION SUPPORTS AND EMPOWERS PEOPLE AS THEY ACQUIRE AFFORDABLE HOUSING, A MEANS OF TRANSPORTATION, AND FINANCIAL VIABILITY.

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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 $3,105,409

Program Service Revenue $0

Investment Income $33,056

Other Revenue $0

TOTAL REVENUE $3,138,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,281,455

Fundraising Expenses $121,360

Program Expenses $2,637,606

Other Expenses $1,730,708

TOTAL EXPENSES $3,012,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,138,465	$927,758	+2.4%
Expenses	$3,012,163	$656,454	+3.6%
Net Income	$126,302	$271,304	-0.5%

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

$324,450

Total Directors

$136,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KELLY RAGGAZINO	CEO	40.00	Officer Director	$136,000	$0	$136,000
KATELYN MALIS PATTISON	COO	40.00	Officer	$94,950	$0	$94,950
CHRISTINA WHEELER TOWNE	CFO	40.00	Officer	$93,500	$0	$93,500
EDWIN SANTIAGO	President	1.00	Officer Director	$0	$0	$0
DAVID SHELLENBERGER	Vice President	1.00	Officer Director	$0	$0	$0
LISA KORAB	Director	1.00	Director	$0	$0	$0
CRYSTAL JOHNS	Director	1.00	Director	$0	$0	$0
DAVID MEGAY ESQ	Director	1.00	Director	$0	$0	$0
MELISSA E SCOTT ESQ	Director	1.00	Director	$0	$0	$0
RYAN DADOLY	Director	1.00	Director	$0	$0	$0
CHARLES BENZ	Director	1.00	Director	$0	$0	$0
RYAN WARWICK	Director	1.00	Director	$0	$0	$0
TAMARA CLARKE	Director	1.00	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
2024	No data	No data	No data	No data
2023	$3,138,465	$3,012,163	$3,339,003	$126,302
2021	$5,308,123	$4,450,315	$3,271,644	$857,808
2020	$1,965,186	$1,925,405	$1,051,998	$39,781
2019	$1,609,684	$1,615,572	$887,464	$-5,888
2018	$1,514,076	$1,494,265	$895,884	$19,811

OPEN HEARTH INC