OPEN ARMS DEVELOPMENT CORPORATION (EIN 311519424) - 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

1997

Legal Domicile

Principal Officer

CELIA KENDALL

Phone

6144524184

Tax Period

2024-01-01 to 2024-12-31

OPEN ARMS DEVELOPMENT CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $368K in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. The organization ran a surplus of $84K, a strong 23% operating margin.

Mission

TO PROVIDE ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

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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 $235,757

Program Service Revenue $31,984

Investment Income $1,475

Other Revenue $98,930

TOTAL REVENUE $368,146

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $266,239

Other Expenses $284,251

TOTAL EXPENSES $284,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$368,146	$311,196	+0.2%
Expenses	$284,251	$278,945	+0.0%
Net Income	$83,895	$32,251	+1.6%

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

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

$235,244

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM POTOCZAK	PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN FARINA	SECRETARY	1.00	Officer Director	$0	$0	$0
CELIA KENDALL	CEO	1.00	Officer	$0	$0	$0
TRACY JONES	EXECUTIVE DIRECTOR	1.00	Officer	$0	$45,540	$235,244

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	$368,146	$284,251	$337,745	$83,895
2023	$311,196	$278,945	$359,623	$32,251
2022	$282,168	$277,999	$361,734	$4,169
2021	$234,276	$246,700	$395,393	$-12,424
2020	$226,562	$229,954	$430,510	$-3,392
2019	$215,874	$210,337	$480,516	$5,537
2018	$312,252	$244,142	$542,530	$68,110

OPEN ARMS DEVELOPMENT CORPORATION