Open Doors of Asheville Inc (EIN 271543937) - 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

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

OpenDoors of Ashevilles mission is to strengthen community by eliminating the race-based opportunity and achievement gaps for students through education.

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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 $1,736,372

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

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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

$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
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

Open Doors of Asheville Inc