Open Center for the Arts (EIN 383936972) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Tax Period

2023-10-01 to 2024-09-30

Open Center for the Arts, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $476K in total revenue in fiscal year 2023. Revenue surged 134% from the prior year, signaling strong growth momentum.

Mission

OPENs mission is to provide a space where all can come together to share showcase and refine their artistic talents while connecting their growth to the community.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $428,907

Program Service Revenue $46,836

Investment Income $0

Other Revenue $0

TOTAL REVENUE $475,743

Expense Breakdown

Grants Paid $0

Salaries & Benefits $253,927

Fundraising Expenses $58,364

Program Expenses $357,729

Other Expenses $210,052

TOTAL EXPENSES $463,979

Year-over-Year Comparison

	2023	2022	Change
Revenue	$475,743	$202,960	+1.3%
Expenses	$463,979	$282,972	+0.6%
Net Income	$11,764	$-80,012	-1.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jorge Magana	Executive Director	40.00	Officer	$0	$0	$0
Ivan Torres	Board Member	5.00	Officer	$0	$0	$0
Carmen Vergara	Board Member	5.00	Officer	$0	$0	$0
Reyna Hernandez	Board Member	5.00	Officer	$0	$0	$0
Jaime Arteaga	Board Member	5.00	Officer	$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	$475,743	$463,979	$36,074	$11,764
2023	$289,136	$290,429	$24,310	$-1,293
2022	$202,960	$282,972	$1,177	$-80,012

Open Center for the Arts