OPEN SOCIETY ACTION FUND INC

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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

1997

Legal Domicile

Principal Officer

LALEH ISPAHANI

Phone

2125480600

Tax Period

2023-01-01 to 2023-12-31

OPEN SOCIETY ACTION FUND INC, founded in 1997, is a major nonprofit that reported $257.0M in total revenue in fiscal year 2023. Expenses of $246.2M left a modest 4% surplus.

Mission

TO PROMOTE SOCIAL JUSTICE AND HUMAN RIGHTS THROUGH DOMESTIC AND FOREIGN POLICY ADVOCACY.

Program Service Accomplishments

Program 1

Expenses: $173,081,829

DOMESTIC: OPEN SOCIETY ACTION FUND (OSAF), FORMERLY KNOWN AS OPEN SOCIETY POLICY CENTER (OSPC), ACHIEVES ITS POLICY GOALS THROUGH ADVOCACY, COALITION-BUILDING AND GRANTMAKING ON A RANGE OF DOMESTIC POLICY AREAS, WHICH IN 2023 INCLUDED THE FOLLOWING: DEMOCRACY DEFENSE, VOTING RIGHTS, ELECTION INTEGRITY, CENSUS, REDISTRICTING, ECONOMIC SECURITY, WORKERS RIGHTS, IMMIGRATION, CIVIL RIGHTS, RACIAL JUSTICE, GENDER JUSTICE, LGBTQ RIGHTS, REPRODUCTIVE FREEDOM, COURTS ACCOUNTABILITY AND ETHICS REFORM, COMBATTING MIS- AND DISINFORMATION, TECHNOLOGY AND CIVIL RIGHTS, COMMUNITY SAFETY, CLIMATE AND ENVIRONMENTAL JUSTICE, CORPORATE ACCOUNTABILITY, GOVERNMENT ACCOUNTABILITY AND TRANSPARENCY, JUDICIAL NOMINATIONS, CRIMINAL JUSTICE REFORM, NATIONAL SECURITY AND CIVIL RIGHTS, HOUSING AND HEALTH EQUITY, EDUCATION, AND ADVANCING A NON-MILITARIZED, DIPLOMACY-FIRST U.S. FOREIGN POLICY.

Program 2

Expenses: $70,339,097

INTERNATIONAL: OSAF ACHIEVES ITS POLICY GOALS THROUGH ADVOCACY, COALITION-BUILDING AND GRANTMAKING ON A RANGE OF INTERNATIONAL POLICY AREAS, WHICH IN 2023 INCLUDED THE FOLLOWING: AFRICA, ASIA, EUROPE AND EURASIA, LATIN AMERICA, MIDDLE EAST AND NORTH AFRICA, CLIMATE, ENERGY, AND ENVIRONMENTAL JUSTICE, CORPORATE ACCOUNTABILITY, CRIMINAL JUSTICE, DEMOCRACY, DIGITAL RIGHTS, DRUG POLICY, ECONOMIC JUSTICE, FINANCE AND DEBT RELIEF, HEALTH, HUMAN RIGHTS, RACIAL, GENDER, AND ETHNIC JUSTICE, AND PEACE AND SECURITY-RELATED ISSUES.

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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 $257,000,000

Program Service Revenue $0

Investment Income $5,378

Other Revenue $0

TOTAL REVENUE $257,005,378

Expense Breakdown

Grants Paid $239,928,927

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $243,420,926

Other Expenses $6,317,586

TOTAL EXPENSES $246,246,513

Year-over-Year Comparison

	2023	2022	Change
Revenue	$257,005,378	$240,000,000	+0.1%
Expenses	$246,246,513	$205,511,896	+0.2%
Net Income	$10,758,865	$34,488,104	-0.7%

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

N/A

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

$85,191

Total Directors

$49,491

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA SOROS COLOMBEL	DIRECTOR	0.02	Director	$0	$0	$0
ALEXANDER SOROS	DIRECTOR	0.02	Director	$0	$0	$0
GARA LAMARCHE	DIRECTOR	0.02	Director	$0	$0	$0
TOM PERRIELLO	EXECUTIVE DIRECTOR (THRU 7/14/23)	0.63	Officer Director	$2,386	$0	$2,386
LALEH ISPAHANI	EXECUTIVE DIRECTOR (EFF 9/20/23)	4.89	Officer Director	$47,105	$0	$47,105
MICAELA FERNANDEZ ALLEN	DEPUTY DIRECTOR (EFF 9/20/23)	15.43	Officer	$33,267	$0	$33,267
RUTH NOEMI COLON	DIR. OF OPS & CULT. (EFF 9/20/23)	0.72	Officer	$1,353	$0	$1,353
MAIJA ARBOLINO	TREASURER (EFF 9/20/23)	0.24	Officer	$822	$0	$822
BEHICE KINDERMAN	TREASURER (THRU 9/14/23)	0.02	Officer	$54	$0	$54
DEBBIE FINE	SECRETARY	0.02	Officer	$204	$0	$204

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	$257,005,378	$246,246,513	$52,865,786	$10,758,865
2022	$240,000,000	$205,511,896	$36,100,367	$34,488,104
2021	$196,000,000	$206,669,929	$37,304,586	$-10,669,929
2020	$139,000,000	$144,593,206	$8,982,600	$-5,593,206