Lubbock Open Door (EIN 510687541) - 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

2011

Legal Domicile

Phone

8066876876

Tax Period

2023-01-01 to 2023-12-31

Lubbock Open Door, founded in 2011, is a community nonprofit in the Religion sector that reported $4.3M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

"Our Mission is to cultivate community, opportunity, and restoration with people expeiencing homelessness, and sex trafficking."

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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 $3,840,755

Program Service Revenue $0

Investment Income $307,197

Other Revenue $106,079

TOTAL REVENUE $4,254,031

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,199,018

Fundraising Expenses $191,191

Program Expenses $3,908,118

Other Expenses $1,931,650

TOTAL EXPENSES $4,130,668

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,254,031	$3,406,510	+0.2%
Expenses	$4,130,668	$3,794,150	+0.1%
Net Income	$123,363	$-387,640	-1.3%

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

500

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

$123,219

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Wheeler	CEO	40.00	Officer	$117,762	$5,457	$123,219
Brent Magers	President	5.00	Director	$0	$0	$0
Ryan Day	Vice President	5.00	Director	$0	$0	$0
Chad Jackson	Secretary	5.00	Director	$0	$0	$0
Natali Flores	Treasurer	5.00	Director	$0	$0	$0
Jeff Prather	Member	5.00	Director	$0	$0	$0
Luciana Cavsos	Member	5.00	Director	$0	$0	$0
Linda Gaither	Member	5.00	Director	$0	$0	$0
Quinn Paschal	Member	5.00	Director	$0	$0	$0
Jeremy Brozo	Member	5.00	Director	$0	$0	$0
Ruth Robillard	Member	5.00	Director	$0	$0	$0
Natalie Harris	Member	5.00	Director	$0	$0	$0
Sam Hawthorne	Member	5.00	Director	$0	$0	$0
Habib Abla	Member	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	$4,254,031	$4,130,668	$3,117,768	$123,363
2022	$3,406,510	$3,794,150	$2,820,551	$-387,640
2021	$4,109,728	$3,164,227	$3,104,444	$945,501
2020	$3,203,229	$2,880,462	$2,248,456	$322,767
2019	$2,322,850	$2,340,620	$1,975,401	$-17,770
2018	$1,051,543	$1,212,267	$1,926,430	$-160,724
2017	$906,525	$843,544	$2,074,292	$62,981

Lubbock Open Door