OPEN DOORS KALAMAZOO (EIN 237088427) - 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

1970

Legal Domicile

Principal Officer

STACY VEST

Phone

2693436064

Tax Period

2023-01-01 to 2023-12-31

OPEN DOORS KALAMAZOO, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $2.1M in total revenue in fiscal year 2023. Revenue fell 73% from the prior year — a significant decline worth monitoring. Expenses of $1.8M left a modest 14% surplus.

Mission

BUILDING RELATIONSHIPS TO OVERCOME HOMELESSNESS THROUGH DIVERSITY, EQUITY, AND INCLUSION IN RESPONSE TO GOD'S LOVE FOR ALL

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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 $1,556,684

Program Service Revenue $516,929

Investment Income $20,614

Other Revenue $6,229

TOTAL REVENUE $2,100,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $996,173

Fundraising Expenses $102,563

Program Expenses $1,442,267

Other Expenses $813,700

TOTAL EXPENSES $1,809,873

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,100,456	$7,745,292	-0.7%
Expenses	$1,809,873	$7,692,425	-0.8%
Net Income	$290,583	$52,867	+4.5%

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

250

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

$179,619

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STACY VEST	CO-EXEC DIRE	40.00	Officer	$119,841	$0	$119,841
MATTHEW LECHEL	CO-EXEC DIRE	40.00	Officer	$59,778	$0	$59,778
KELSEY BAILEY	DIRECTOR	1.00	Director	$0	$0	$0
JACOB BEACH	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY CLUBS	DIRECTOR	1.00	Director	$0	$0	$0
BETHANY CWALINA	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
LINDSEY KING	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ERIN LOWE	DIRECTOR	1.00	Director	$0	$0	$0
AMY MORRISON-MAYBEE	DIRECTOR	1.00	Director	$0	$0	$0
ALEXANDRIA SOLIS-MULLEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHARON WHITE	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	$2,100,456	$1,809,873	$5,534,254	$290,583
2022	$7,745,292	$7,692,425	$5,225,416	$52,867
2021	$9,628,538	$8,027,388	$5,217,907	$1,601,150
2020	$1,332,098	$1,321,915	$3,755,365	$10,183
2019	$1,108,754	$1,177,958	$3,478,970	$-69,204
2018	$1,602,836	$1,199,558	$3,494,270	$403,278

OPEN DOORS KALAMAZOO