OPPORTUNITY KNOCKS INCORPORATED

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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

PHIL CARMODY

Phone

7087716159

Tax Period

2023-07-01 to 2024-06-30

OPPORTUNITY KNOCKS INCORPORATED, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.4M exceeded revenue, resulting in a 20% operating deficit.

Mission

Opportunity Knocks is dedicated to enriching life and community. We exist to support people with intellectual and developmental disabilities as they live, work, learn, grow and connect within their community. We believe in a dynamic, person-centered, community-based approach to programming that engages the voice of all Warriors, thrives on interdependent connections, encourages exploration, centers on holistic wellness and fostering healthy relationships.

Program Service Accomplishments

Program 1

Expenses: $691,147 Revenue: $395,014

OK Programs including NEXT PHASE- Next Phase encompasses both in person and virtual programming for all of participants focusing on building life skills, health and wellness, community connections...

OK Programs including NEXT PHASE- Next Phase encompasses both in person and virtual programming for all of participants focusing on building life skills, health and wellness, community connections and vocational skills for participants that are 22 and up; as well as focussing on after social recreational programs geared towards participants that are 14 and up.

Program 2

Expenses: $304,667 Revenue: $19,942

SOCIAL ENTERPrises - Social enterprise is a knockout brand which has three initiatives that aims to sustain meaningful and gainful vocational skill-building opportunities while also producing a...

SOCIAL ENTERPrises - Social enterprise is a knockout brand which has three initiatives that aims to sustain meaningful and gainful vocational skill-building opportunities while also producing a revenue stream to support organization's operations. The enterprises include knockout pickles, knockout catering and knockout farm.

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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 $581,426

Program Service Revenue $414,956

Investment Income $11,037

Other Revenue $171,339

TOTAL REVENUE $1,178,758

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,177,503

Fundraising Expenses $150,962

Program Expenses $995,814

Other Expenses $237,709

TOTAL EXPENSES $1,415,212

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,178,758	$1,069,605	+0.1%
Expenses	$1,415,212	$1,063,856	+0.3%
Net Income	$-236,454	$5,749	-42.1%

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

$142,096

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP CARMODY	President	40.00	Officer	$72,865	$0	$72,865
MICHAEL CARMODY	Executive Dir.	40.00	Officer	$69,231	$0	$69,231
HELEN KWAN	Director	5.00	Director	$0	$0	$0
CLAUDIA MARCINIAK	Director	5.00	Director	$0	$0	$0
TOM MCSHANE	Treasurer	3.00	Officer Director	$0	$0	$0
KAREN HUNTER	Chairperson	3.00	Officer Director	$0	$0	$0
MICHELLE ANDERSON	Director	1.00	Director	$0	$0	$0
TERRY BROWN	Secretary	1.00	Officer Director	$0	$0	$0
RYAN FARELL	Director	0.00	Director	$0	$0	$0
JONAS WHITE	Director	2.00	Director	$0	$0	$0
WILLIAM FINN	Director	1.00	Director	$0	$0	$0
SHERRY GINI	Director	1.00	Director	$0	$0	$0
MIKE MCGARRY	Director	1.00	Director	$0	$0	$0
JIM LENCIONI	Director	1.00	Director	$0	$0	$0
GREG IGNOFFO	Vice Chairpersn	1.00	Officer Director	$0	$0	$0
MIKE AL KARAKI	Director	1.00	Director	$0	$0	$0
KETHRYN KENDALL	Director	1.00	Director	$0	$0	$0
ZOE PHILPOTTS	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
2025	No data	No data	No data	No data
2024	$1,178,758	$1,415,212	$531,655	$-236,454
2023	$1,069,605	$1,063,856	$735,548	$5,749
2022	$1,060,110	$945,723	$756,148	$114,387
2021	$1,078,965	$867,558	$622,686	$211,407
2020	$1,061,026	$946,613	$541,146	$114,413
2019	$846,972	$875,759	$299,318	$-28,787