OPEN PATH RESOURCES (EIN 462424429) - 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

2012

Legal Domicile

Principal Officer

MICHAEL VAN KEULEN

Phone

6513031958

Tax Period

2024-07-01 to 2025-06-30

OPEN PATH RESOURCES, founded in 2012, is a small nonprofit in the Religion sector that reported $477K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring.

Mission

OPEN PATH RESOURCES SEEKS TO BRING ABOUT POSITIVE CHANGE FOR THE STATE OF MINNESOTA THROUGH ORGANIZING PRACTICIES WITH THE EAST AFRICAN COMMUNITY. BUILDING UNDERSTANDING UPON KEY PUBLIC ISSUES AFFECTING CURRENT AND FUTURE SUCCESS OF EAST AFRICAN CITIZENS THROUGH CIVIC ENGAGEMENT AND EDUCATION OPPORTUNITIES.

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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 $160,611

Program Service Revenue $316,649

Investment Income $0

Other Revenue $0

TOTAL REVENUE $477,260

Expense Breakdown

Grants Paid $0

Salaries & Benefits $387,424

Fundraising Expenses $4,973

Program Expenses $407,511

Other Expenses $109,917

TOTAL EXPENSES $497,341

Year-over-Year Comparison

	2024	2023	Change
Revenue	$477,260	$641,783	-0.3%
Expenses	$497,341	$651,788	-0.2%
Net Income	$-20,081	$-10,005	+1.0%

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

$118,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL VAN KEULEN	EXECUTIVE DI	40.00	Officer	$118,000	$0	$118,000
WALI DIRIE	BOARD CHAIR	5.00	Officer Director	$0	$0	$0
ABDISALAM ADAM	TREASURER	5.00	Officer Director	$0	$0	$0
KENT ALLEN	SECRETARY	1.00	Officer Director	$0	$0	$0
MARIAN ADEN	DIRECTOR	1.00	Director	$0	$0	$0
NIMO AHMED	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	$477,260	$497,341	$27,667	$-20,081
2024	$641,783	$651,788	$40,081	$-10,005
2023	$454,053	$497,542	$50,086	$-43,489
2022	$441,180	$357,612	$93,575	$83,568

OPEN PATH RESOURCES