OPEN DOOR OF HOPE INC (EIN 264436314) - 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

2009

Legal Domicile

Principal Officer

BETH WATTS

Phone

5026475555

Tax Period

2023-01-01 to 2023-12-31

OPEN DOOR OF HOPE INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 305% from the prior year, signaling strong growth momentum. Expenses of $2.0M left a modest 14% surplus.

Mission

AWAKE MINISTRIES' MISSION IS TO HOLISTICALLY EQUIP INDIVIDUALS WITH THE HOPE AND HELP THAT THEY NEED FOR ABUNDANT LIVING. OUR AREAS OF SERVICE ARE RESIDENTIAL ADDICTION RECOVERY AND A FOOD DISTRIBUTION CENTER TO MEET THE FOOD NEEDS OF OUR COMMUNITY.

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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 $2,048,000

Program Service Revenue $0

Investment Income $1,931

Other Revenue $233,688

TOTAL REVENUE $2,283,619

Expense Breakdown

Grants Paid $1,253,897

Salaries & Benefits $384,830

Fundraising Expenses $19,307

Program Expenses $1,689,034

Other Expenses $313,847

TOTAL EXPENSES $1,971,881

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,283,619	$564,198	+3.0%
Expenses	$1,971,881	$484,655	+3.1%
Net Income	$311,738	$79,543	+2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BETH WATTS	PRESIDENT	1.00	Officer Director	$0	$0	$0
CAROLE DAVIS	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHNNY PITTMAN	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
TAMMY THOMAS	TREASURER	1.00	Officer Director	$0	$0	$0
VICKY PORTER	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	$2,283,619	$1,971,881	$1,664,435	$311,738
2022	$564,198	$484,655	$1,359,368	$79,543
2021	$506,861	$432,113	$1,160,952	$74,748
2020	$702,843	$465,556	$1,095,844	$237,287
2019	$738,915	$497,860	$860,139	$241,055
2018	$396,402	$362,275	$625,944	$34,127

OPEN DOOR OF HOPE INC