Open Door Libraries

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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

1975

Legal Domicile

Principal Officer

Glen Gibson

Phone

5023873529

Tax Period

2019-07-01 to 2020-06-30

Open Door Libraries, founded in 1975, is a small nonprofit that reported $647K in total revenue in fiscal year 2019.

Mission

Provide Christian training materials for individuals, churches, and church groups where access to Christian materials is limited.

Program Service Accomplishments

Program 1

Expenses: $473,524

Establish, operate, and support public Christian libraries in regions where access to Christian resources is limited or restricted. We also provide various domestic and international resources to...

Establish, operate, and support public Christian libraries in regions where access to Christian resources is limited or restricted. We also provide various domestic and international resources to edify, equip, and encourage Christ followers. We presently have libraries in Prague, Jordan, and Berlin. Approximately 10,000 people used the resources of the three libraries.

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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 (2019)

Revenue Breakdown

Contributions & Grants $647,368

Program Service Revenue $0

Investment Income $66

Other Revenue $0

TOTAL REVENUE $647,434

Expense Breakdown

Grants Paid $243,364

Salaries & Benefits $315,490

Fundraising Expenses $54,636

Program Expenses $473,524

Other Expenses $152,316

TOTAL EXPENSES $711,170

Year-over-Year Comparison

	2019	2018	Change
Revenue	$647,434	$640,697	+0.0%
Expenses	$711,170	$710,000	+0.0%
Net Income	$-63,736	$-69,303	-0.1%

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

$96,000

Total Directors

$24,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glen Gibson	Executive Director	40.00	Officer	$60,000	$36,000	$96,000
Willard Black	Founder/Director	3.00	Director	$0	$24,000	$24,000
Lawrence Buren	Board Chair	3.00	Officer Director	$0	$0	$0
David Lindert	Secretary	3.00	Officer Director	$0	$0	$0
Kevin Pischke	Treasurer	1.00	Officer Director	$0	$0	$0
David Hahn	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
2020	$647,434	$711,170	$145,207	$-63,736
2019	$640,697	$710,000	$153,753	$-69,303