THE OPEN SHELTER INC (EIN 311022698) - 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

1981

Legal Domicile

Principal Officer

SHELI MATHIAS

Phone

6142226701

Tax Period

2024-01-01 to 2024-12-31

THE OPEN SHELTER INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $501K in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $484K left a modest 3% surplus.

Mission

PROVIDE SUPPORT SERVICES TO HOMELESS INDIVIDUALS AND HELP REINTEGRATE THEM BACK INTO SOCIETY.

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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 $501,091

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $501,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,749

Fundraising Expenses $52,248

Program Expenses $326,328

Other Expenses $206,743

TOTAL EXPENSES $484,492

Year-over-Year Comparison

	2024	2023	Change
Revenue	$501,091	$361,880	+0.4%
Expenses	$484,492	$409,587	+0.2%
Net Income	$16,599	$-47,707	-1.3%

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

500

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

$53,847

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELI MATHIAS	EXCUTIVE DIR	40.00	Officer	$53,847	$0	$53,847
PETE ELLIOTT	PRESIDENT	1.00	Officer Director	$0	$0	$0
JAMES ALEXANDER	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MARTY HICKS	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN POWELL	DIRECTOR	1.00	Director	$0	$0	$0
JACOB SMITH	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DEVINE	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN HALL	DIRECTOR	1.00	Director	$0	$0	$0
KARMAYA KELLY	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY NEAL	DIRECTOR	1.00	Director	$0	$0	$0
SUE POULTON	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	$501,091	$484,492	$521,685	$16,599
2023	$361,880	$409,587	$505,976	$-47,707
2022	$439,131	$448,879	$553,924	$-9,748
2021	$385,173	$320,686	$603,859	$64,487
2020	$461,867	$295,908	$624,224	$165,959
2019	$269,047	$307,435	$311,810	$-38,388
2018	$305,956	$274,810	$317,111	$31,146

THE OPEN SHELTER INC