OPEN ARMS SHELTER

🔒

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

2015

Legal Domicile

Principal Officer

MELODY MICHAUD

Phone

9034494451

Tax Period

2024-01-01 to 2024-12-31

OPEN ARMS SHELTER, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $542K in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $208K, a strong 38% operating margin.

Mission

OPEN ARMS SHELTER, A BIBLICALLY FAITH-BASED ORGANIZATION - PROVIDING TEMPORARY SHELTER AND GUIDANCE TOWARD AN INDEPENDENT LIFE THROUGH HOPE, ENCOURAGEMENT, AND SHELTER.

Program Service Accomplishments

Program 1

Expenses: $332,343

74 HOMELESS INDIVIDUALS WERE HELPED WITH TEMPORARY SHELTER, FOOD, AND GUIDANCE TOWARD AN INDEPENDENT LIFE. INDIVIDUALS INCLUDED 12 SENIOR ADULTS (AGE 60+), 52 ADULTS (AGE 18-59), AND 10 CHILDREN (AGE...

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $533,841

Program Service Revenue $0

Investment Income $7,998

Other Revenue $0

TOTAL REVENUE $541,839

Expense Breakdown

Grants Paid $135,000

Salaries & Benefits $167,329

Fundraising Expenses $0

Program Expenses $332,343

Other Expenses $31,540

TOTAL EXPENSES $333,869

Year-over-Year Comparison

	2024	2023	Change
Revenue	$541,839	$370,153	+0.5%
Expenses	$333,869	$158,133	+1.1%
Net Income	$207,970	$212,020	0.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELODY MICHAUD	PRESIDENT	2.00	Officer Director	$0	$0	$0
TILLMAN BOYD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MIKE BANKSTON	SECRETARY	2.00	Director	$0	$0	$0
TINA MOORE	TREASURER	4.30	Officer Director	$0	$0	$0
STEVE ARTHUR	DIRECTOR	2.00	Director	$0	$0	$0
BECKY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
MATT DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN SANDERSON	DIRECTOR	2.00	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	$541,839	$333,869	$547,181	$207,970
2023	$370,153	$158,133	$337,942	$212,020