Open Hand Ministries Inc (EIN 412264760) - 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

2008

Legal Domicile

Principal Officer

Wayne Younger

Phone

4129241409

Tax Period

2023-01-01 to 2023-12-31

Open Hand Ministries Inc, founded in 2008, is a small nonprofit in the Religion sector that reported $491K in total revenue in fiscal year 2023. Revenue fell 20% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $123K, a strong 25% operating margin.

Mission

ASSIST LOWER-INCOME FAMILIES INTO FIRST-TIME HOMEOWNERSHIP THROUGH ASSISTANCE IN ACQUIRING AN AFFORDABLE MORTGAGE, CREDIT REPAIR, FAMILY BUDGETING, AND LIFE PLANNING. OHM PARTNERS WITH COMMUNITY DEVELOPMENT ORGANIZATIONS TO RENOVATE SUBSTANDARD HOUSING TO THIS END

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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 (2023)

Revenue Breakdown

Contributions & Grants $469,496

Program Service Revenue $14,675

Investment Income $7,044

Other Revenue $0

TOTAL REVENUE $491,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $219,591

Fundraising Expenses $34,764

Program Expenses $290,989

Other Expenses $148,383

TOTAL EXPENSES $367,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,215	$616,560	-0.2%
Expenses	$367,974	$577,061	-0.4%
Net Income	$123,241	$39,499	+2.1%

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

125

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

$96,375

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Furloines	Secretary	5.00	Officer Director	$0	$0	$0
Heather List	Vice President	5.00	Officer Director	$0	$0	$0
Chad Collins	Director	5.00	Director	$0	$0	$0
JoAnn Monroe	Director	5.00	Director	$0	$0	$0
Lynn Chadwick	Director	5.00	Director	$0	$0	$0
Rev Paul Roberts	President	5.00	Officer Director	$0	$0	$0
Fred C Miller	Treasurer	5.00	Officer Director	$0	$0	$0
Rhonda Rector Rankin	Director	5.00	Director	$0	$0	$0
Quianna Wasler	Director, pt. yr.	5.00	Director	$0	$0	$0
C Andrew McGhee	Director	5.00	Director	$0	$0	$0
Wayne Younger	Exec Director	45.00	Officer	$77,860	$18,515	$96,375
Phil Wasler	Director	5.00	Director	$0	$0	$0
Jeff DeNinno	Director	5.00	Director	$0	$0	$0
Phil Roberts	Director	5.00	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	No data	No data	No data	No data
2023	$491,215	$367,974	$734,972	$123,241
2022	$616,560	$577,061	$535,164	$39,499
2021	$539,472	$652,037	$415,992	$-112,565
2020	$504,719	$443,241	$529,364	$61,478
2019	$457,344	$363,828	$473,734	$93,516
2018	$522,111	$321,953	$373,964	$200,158

Open Hand Ministries Inc