OPEN DOOR ADOPTION SERVICES

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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

2013

Legal Domicile

Principal Officer

LAWRENCE ZOLMAN

Phone

5179367713

Tax Period

2024-10-01 to 2025-09-30

OPEN DOOR ADOPTION SERVICES, founded in 2013, is a small nonprofit in the Human Services sector that reported $335K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $70K, a strong 21% operating margin.

Mission

THE SOLE MISSION AND CHARITABLE PURPOSE OF OPEN DOOR ADOPTION SERVICES IS TO PROMOTE, FACILITATE, AND MAINTAIN ADOPTIONS OF CHILDREN IN MICHIGAN.

Program Service Accomplishments

Program 1

Expenses: $191,065 Revenue: $332,852

ADOPTION SERVICES: DURING THIS FISCAL YEAR, WE COMPLETED 13 ADOPTIONS FOR STATE WARD CHILDREN. WE PERFORMED ADOPTION CASE MANAGEMENT SERVICES FOR 24 STATE WARD CHILDREN. WE PROVIDED 34 ADOPTION...

ADOPTION SERVICES: DURING THIS FISCAL YEAR, WE COMPLETED 13 ADOPTIONS FOR STATE WARD CHILDREN. WE PERFORMED ADOPTION CASE MANAGEMENT SERVICES FOR 24 STATE WARD CHILDREN. WE PROVIDED 34 ADOPTION ORIENTATION SESSIONS FOR PARENTS INTERESTED IN ADOPTION. AS PART OF ADOPTION CASE MANAGEMENT, WE COMPLETED 137 ADOPTIVE HOME VISITS. WE MAINTAINED A WEBSITE THAT PROMOTES ADOPTION.

Program 2

Expenses: $4,023

PREGNANCY COUNSELING: DURING THIS FISCAL YEAR, WE PROVIDED 115 HOURS OF PREGNANCY COUNSELING TO MOTHERS CONSIDERING PLACING THEIR CHILD FOR ADOPTION. WE ALSO PAID FOR TEMPORARY HOUSING, FOOD, AND...

PREGNANCY COUNSELING: DURING THIS FISCAL YEAR, WE PROVIDED 115 HOURS OF PREGNANCY COUNSELING TO MOTHERS CONSIDERING PLACING THEIR CHILD FOR ADOPTION. WE ALSO PAID FOR TEMPORARY HOUSING, FOOD, AND TRANSPORTATION TO DOCTORS VISITS FOR MOTHERS WHO COULD NOT AFFORD IT THEMSELVES.

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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 $0

Program Service Revenue $332,852

Investment Income $2,071

Other Revenue $0

TOTAL REVENUE $334,923

Expense Breakdown

Grants Paid $0

Salaries & Benefits $189,834

Fundraising Expenses $0

Program Expenses $195,088

Other Expenses $75,293

TOTAL EXPENSES $265,127

Year-over-Year Comparison

	2024	2023	Change
Revenue	$334,923	$298,537	+0.1%
Expenses	$265,127	$279,671	-0.1%
Net Income	$69,796	$18,866	+2.7%

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

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

$50,074

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE ZOLMAN	CHIEF ADMINI	20.00	Officer	$50,074	$0	$50,074
BRIAN COLE	PRESIDENT	1.00	Officer Director	$0	$0	$0
DEREK DOBIES	TREASURER	1.00	Officer Director	$0	$0	$0
PETER POSTMA	SECRETARY	1.00	Officer Director	$0	$0	$0
COLLEEN SULLIVAN	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
2025	$334,923	$265,127	$315,935	$69,796
2024	$298,537	$279,671	$190,248	$18,866
2023	$203,059	$317,244	$171,382	$-114,185
2022	$285,302	$325,907	$285,567	$-40,605
2021	$424,011	$332,614	$326,172	$91,397
2020	$350,022	$319,490	$271,313	$30,532
2019	$389,748	$285,084	$204,243	$104,664