Open Doors of Asheville Inc

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

Martin Moore

Phone

8282398811

Tax Period

2023-09-01 to 2024-08-31

Open Doors of Asheville Inc, founded in 2009, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum.

Mission

Strengthening community by eliminating the race-based opportunity and achievement gaps for students through education.

Program Service Accomplishments

Program 1

Expenses: $1,246,662 Revenue: $0

One-on-one tutoring and academic support. Last year, we provided tutoring at one to three days a week to 56 students. Tutor matches are carefully designed to meet students learning and personality...

One-on-one tutoring and academic support. Last year, we provided tutoring at one to three days a week to 56 students. Tutor matches are carefully designed to meet students learning and personality profiles, ensuring that tutoring pairs remain consistent throughout the year. We also provide psychoeducational assessments to diagnose suspected learning differences; in-school advocacy, as requested by parents, for accommodations and advanced course enrollments; and back-to-school skills workshops. 100% reported increased understanding of their schoolwork. 100% reported increased participation in class. 100% reported that working with OpenDoors made them a better student. 100% reported feeling positively supported by their tutor.

Program 2

97% of families reported improved academic mindsets, from improved grades to better attitudes about homework to showing more academic confidence. 90% of parents reported improved school attendance...

97% of families reported improved academic mindsets, from improved grades to better attitudes about homework to showing more academic confidence. 90% of parents reported improved school attendance. For the past three years, 100% of students enrolled in OpenDoors have graduated from high school. In comparison, in 2023-2024, 81.4% of Black and 78.7% of economically disadvantaged students graduated from Asheville High School, both of which are decreases from the previous school year. (NC Dept. Public Instruction, 2023-2024.) Enrichment programming. Afterschool STEAM runs a Math Club and creates classes with STEAM providers, aligning activities with NC Standard Courses of Study. Classes are differentiated by age group and skill and are capped at 12

Program 3

students. Last year, STEAM enrollment grew from 56 to 90+ students. Summer programming connects students to STEAM, sports, and overnight camps. Tutoring continues, and we run a back-to-school skills refresher week. In 2024, we connected 65 students with meaningful summer experiences, either as campers or counselors. 100% of parents reported at least one improvement in Self-Awareness 93% of parents saw at least one improvement in Self-Management 97% of parents saw at least one improvement in Social Awareness 100% of parents saw at least one improvement in Relationship Skills 97% of parents saw at least one improvement in Responsible Decision-Making College readiness and through college support. Programming develops college mindsets, internships and mentorships to identify and support career goals, identify best fit colleges, supports college and financial aid applications, and bridges college transitions with persistence support, including academic advising, financial support, and mentorship. Almost all OpenDoors students are first-gen college students. For the past three years, 81% of students who partner with OpenDoors have enrolled in Institutes of Higher Education. By comparison, in 2022-23, less than 10% of local economically disadvantaged high school graduates enrolled in some form of post-secondary education. (NC Dept. Public Instruction, 2022-2023; most recent data.) For the past three years, 93% of students supported by OpenDoors graduated or continued to matriculate in Institutes of Higher Education. In comparison, nationally, only 26% of first-generation students graduate in six years or less (Pew Research Center, 2021).

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,736,372

Program Service Revenue $0

Investment Income $1,698

Other Revenue $-3,553

TOTAL REVENUE $1,734,517

Expense Breakdown

Grants Paid $204,301

Salaries & Benefits $1,128,467

Fundraising Expenses $334,697

Program Expenses $1,246,662

Other Expenses $400,941

TOTAL EXPENSES $1,733,709

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,734,517	$1,364,753	+0.3%
Expenses	$1,733,709	N/A	N/A
Net Income	$808	$1,364,753	-1.0%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$173,751

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Ramming	Executive Director	40.00	Officer	$102,001	$0	$102,001
Courtney Hamner	Chief Financial Officer	40.00	Officer	$71,750	$0	$71,750
Martin Moore	Board Chair	10.00	Officer Director	$0	$0	$0
Diana Anthony	Vice-Chair	5.00	Officer Director	$0	$0	$0
Justin Salvetti	Treasurer	5.00	Officer Director	$0	$0	$0
Nicki Ingle	Secretary	2.00	Officer Director	$0	$0	$0
Genae McMillan	Secretary	2.00	Officer Director	$0	$0	$0
Andrew Brunk	Director	2.00	Director	$0	$0	$0
Spencer Duin	Director	2.00	Director	$0	$0	$0
Eric Howard	Director	2.00	Director	$0	$0	$0
Janet Quate	Director	2.00	Director	$0	$0	$0
Kenn Kotara	Director	2.00	Director	$0	$0	$0
Porshia Finley	Director	2.00	Director	$0	$0	$0
Travis Harris	Director	2.00	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	$1,734,517	$1,733,709	$814,477	$808
2023	$1,364,753	$1,372,867	$851,203	$-8,114
2022	$733,307	$782,008	$583,705	$-48,701
2021	$1,017,579	$840,888	$722,766	$176,691
2020	$813,838	$553,457	$498,664	$260,381
2019	$448,196	$385,324	$206,799	$62,872
2018	$389,667	$398,290	$127,243	$-8,623