OPEN MIND SCHOOL (EIN 273220528) - 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

2010

Legal Domicile

Principal Officer

MARINA VASERMAN

Phone

6502603805

Tax Period

2024-07-01 to 2025-06-30

OPEN MIND SCHOOL, founded in 2010, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. The organization ran a surplus of $532K, a strong 17% operating margin.

Mission

ALL CHILDREN SHUOLD HAVE ACCESS TO A QUALITY EDUCATION THAT PROVIDES A BROAD RANGE OF EXPERIENCES.STUDENTS SHOULD ACTIVELY PARTICIPATE IN THEIR OWN LEARNING.TEACHING SHOULD BE BASED ON THE LEARNING STYLES OF THE STUDENTS.INTEGRATING MULTIPLE METHODOLOGIES MAKES IMPLEMENTATION OF BEST PRACTICE MORE INDIVIDUALIZED.EVERYONE SHOULD HAVE THE OPPORTUNITY TO SHARE THOUGHTS, EXPRESS EMOTIONS, AND BE HEARD BY CARING PROFESSIONALS.STUDENTS, FAMILIES, AND PROFESSIONALS MUST WORK IN COLLABORATION TO EFFECTIVELY HELP STUDENTS REACH THEIR MAXIMUM POTENTIAL.PROVIDING REGULAR OPPORTUNITIES FOR INCLUSIVE EXPERIENCES IS IMPORTANT TO BUILD OPENNESS AND UNDERSTANDING IN SOCIETY.TRAINING AND SUPPORT FOR STAFF IS FUNDAMENTAL IN MAINTAINING A WELL INFORMED TEAM TO BEST SERVE THE CHILDREN IN THE SCHOOL.

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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 (2024)

Revenue Breakdown

Contributions & Grants $123,736

Program Service Revenue $2,966,105

Investment Income $0

Other Revenue $2,600

TOTAL REVENUE $3,092,441

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,277,884

Fundraising Expenses $0

Program Expenses $2,168,154

Other Expenses $1,264,026

TOTAL EXPENSES $2,560,229

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,092,441	$3,383,087	-0.1%
Expenses	$2,560,229	$2,425,322	+0.1%
Net Income	$532,212	$957,765	-0.4%

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

N/A

Volunteers

N/A

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

$215,808

Total Directors

$215,808

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARINA VASERMAN	Executive Dir.	72.00	Officer Director	$215,808	$0	$215,808
MICHAEL SEELAUS	SECRETARY, CFO	2.00	Officer Director	$0	$0	$0
RENEE SOUFER	BOARD MEMBER	2.00	Director	$0	$0	$0
LIYA YEVDOSIN	BOARD MEMBER	2.00	Director	$0	$0	$0
AERIENNE BOOKER CUNNINGHAM	BOARD MEMBER	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	$3,092,441	$2,560,229	$2,242,380	$532,212
2024	$3,171,056	$2,425,322	$1,701,324	$745,734
2023	$2,131,856	$2,550,262	$993,796	$-418,406
2022	$1,609,565	$2,094,940	$1,375,526	$-485,375
2021	$2,401,730	$1,620,329	$1,816,293	$781,401
2020	$2,141,029	$1,802,951	$1,022,481	$338,078
2019	$1,927,818	$1,793,674	$852,615	$134,144
2018	$1,580,768	$1,386,902	$625,621	$193,866

OPEN MIND SCHOOL