Open Arms Housing Inc (EIN 522040518) - Form 990 Financial Analysis & Trantor Score

🔒

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

1997

Legal Domicile

Principal Officer

Arthur Cutler

Tax Period

2023-10-01 to 2024-09-30

Open Arms Housing Inc, founded in 1997, is a community nonprofit in the Human Services sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

Open Arms Housings (OAH) mission is to provide permanent homes and ongoing support to women experiencing homelessness. Special care is taken to provide comprehensive mental health support to OAH clients.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $1,942,583

Program Service Revenue $286,228

Investment Income $62

Other Revenue $4,600

TOTAL REVENUE $2,233,473

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,634,254

Fundraising Expenses $33,945

Program Expenses $2,051,741

Other Expenses $676,717

TOTAL EXPENSES $2,310,971

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,233,473	$2,413,763	-0.1%
Expenses	$2,310,971	$2,606,638	-0.1%
Net Income	$-77,498	$-192,875	-0.6%

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

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

$133,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Arthur Cutler	President & CEO	40.00	Officer	$130,804	$2,366	$133,170
Shellon Fraser	Director	2.00	Director	$0	$0	$0
Sarah Dougan	Director	2.00	Director	$0	$0	$0
Ilana Boivie	Director	2.00	Director	$0	$0	$0
Aaron Davis	Director	2.00	Director	$0	$0	$0
Mitch Greenstein	Director	2.00	Director	$0	$0	$0
Anglea Gasperini	Director	2.00	Director	$0	$0	$0
Michelle Durham	Director	2.00	Director	$0	$0	$0
Paul Dornan	Director	2.00	Director	$0	$0	$0
Joshua Erlich	Director	2.00	Director	$0	$0	$0
Daniel Mauer	Treasurer	5.00	Officer Director	$0	$0	$0
Edgar Ndjatou	Chair	10.00	Officer Director	$0	$0	$0
Sharon McDonald	Secretary	5.00	Officer 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	$2,233,473	$2,310,971	$3,375,405	$-77,498
2023	$2,413,763	$2,606,638	$2,892,073	$-192,875
2022	$2,558,388	$2,622,347	$3,125,840	$-63,959
2021	$1,588,631	$1,422,625	$3,152,332	$166,006
2020	$1,270,842	$1,135,446	$3,011,336	$135,396
2019	$1,011,905	$1,073,524	$2,899,882	$-61,619
2018	$881,458	$993,073	$2,977,236	$-111,615

Open Arms Housing Inc