Open Storehouse Incorporated

EIN: 471662454 501(c)(3) Education

Jacksonville, FL

Total Revenue
$361,786
Total Expenses
$343,245
Total Assets
$65,556
Net Assets
$60,897
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
FL
Principal Officer
Brad L Klein
Phone
5705404267
Tax Period
2024-01-01 to 2024-12-31

Open Storehouse Incorporated, founded in 2021, is a small nonprofit in the Education sector that reported $362K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $343K left a modest 5% surplus.

Mission

To eliminate lack and suffering among disadvantaged groups by connecting people and resources to provide for the underpriviledged.

Program Service Accomplishments

Program 1
Expenses: $318,261

Program Expenses were used to provide relief supplies in disadvantaged countries throughout the world.

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $361,770
Investment Income $16
Other Revenue $0
TOTAL REVENUE $361,786

Expense Breakdown

Grants Paid $155,167
Salaries & Benefits $111,575
Fundraising Expenses $0
Program Expenses $318,261
Other Expenses $76,503
TOTAL EXPENSES $343,245

Year-over-Year Comparison

2024 2023 Change
Revenue $361,786 $332,089 +0.1%
Expenses $343,245 $322,496 +0.1%
Net Income $18,541 $9,593 +0.9%
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

Sign In

Governance

Voting Members
1
Independent Members
N/A
Employees
2
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
2
$70,000
Total Directors
5
$70,000
Key Employees
1
$70,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Brad Klein President 040.00
Officer Director Key Emp Highest
$70,000 $0 $70,000
Uli Klein Vice President 040.00
Officer Director
$0 $0 $0
Dr Rodney Ridley Treasurer 000.50
Director
$0 $0 $0
Dr Tricia Bailey Director 000.50
Director
$0 $0 $0
DeDe Bordon Secretary 000.50
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 $361,786 $343,245 $65,556 $18,541
2023 $332,089 $322,496 $61,978 $9,593
2022 $346,671 $316,822 $54,473 $29,849
Explore More Nonprofits
→Top 100 Nonprofits in Florida →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare Open Storehouse Incorporated with other nonprofits in Florida and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.