Opportunity Resource Fund (EIN 382784136) - 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

1985

Legal Domicile

Principal Officer

Kevin Fitzgerald

Phone

5173726001

Tax Period

2024-01-01 to 2024-12-31

Opportunity Resource Fund, founded in 1985, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2024. Revenue decreased 19% compared to the prior year. Expenses of $3.1M left a modest 4% surplus.

Mission

Promotes affordable home and small business ownership to benefit and strengthen MI Communities.

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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 $1,689,782

Program Service Revenue $1,552,297

Investment Income $12,500

Other Revenue $0

TOTAL REVENUE $3,254,579

Expense Breakdown

Grants Paid $20,150

Salaries & Benefits $1,740,946

Fundraising Expenses $40,167

Program Expenses $2,392,401

Other Expenses $1,350,840

TOTAL EXPENSES $3,111,936

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,254,579	$3,996,660	-0.2%
Expenses	$3,111,936	$2,957,387	+0.1%
Net Income	$142,643	$1,039,273	-0.9%

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

$432,300

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Christine Narayanan	President/CEO	40.00	Officer	$241,041	$1,460	$242,501
Kevin Fitzgerald	VP of Finance/CFO	40.00	Officer	$188,339	$1,460	$189,799
CHARLES TURNER	Director of Single Family Lending	40.00	Highest	$102,062	$13,252	$115,314
Joseph Heaphy	Trustee	2.00	Director	$0	$0	$0
Omar Cuevas	Trustee	2.00	Director	$0	$0	$0
Anika Goss	Trustee	2.00	Director	$0	$0	$0
Curtis Smith	Trustee	2.00	Director	$0	$0	$0
Raymond Henney	Trustee	2.00	Director	$0	$0	$0
Tarik Bazzy	Trustee	2.00	Director	$0	$0	$0
Carol Tarnowsky	Secretary	2.00	Officer Director	$0	$0	$0
Sonali Allen	Secretary (ended 8/24)	2.00	Officer Director	$0	$0	$0
Thomas Johnson	Treasurer	2.00	Officer Director	$0	$0	$0
Sheilah P Clay	Vice Chair	2.00	Officer Director	$0	$0	$0
Marc Craig	Board Chair	4.00	Officer Director	$0	$0	$0
Robert Hunt	Immediate Past Chair	2.00	Officer 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	$3,254,579	$3,111,936	$30,573,077	$142,643
2023	$3,996,660	$2,957,387	$27,951,331	$1,039,273
2022	$4,959,860	$2,498,380	$26,919,241	$2,461,480
2021	$4,238,589	$2,155,004	$31,795,394	$2,083,585
2020	$1,350,057	$2,058,695	$23,453,108	$-708,638
2019	$1,797,364	$1,982,312	$20,358,806	$-184,948
2018	$1,974,779	$1,882,960	$18,959,818	$91,819

Opportunity Resource Fund