OPENDOORS (EIN 522374370) - 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

2002

Legal Domicile

Principal Officer

C PATRICK WESTFALL

Phone

4017815808

Tax Period

2024-07-01 to 2025-06-30

OPENDOORS, founded in 2002, is a community nonprofit in the Human Services sector that reported $6.7M in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

OPENDOORS' MISSION IS TO STRENGTHEN COMMUNITIES BY SUPPORTING JUSTICE- INVOLVED AND UNHOUSED INDIVIDUALS AS THEY REBUILD THEIR LIVES. THE ORGANIZATION PROVIDES EMERGENCY SHELTER, HOUSING, REENTRY, EMPLOYMENT, AND SUPPORTIVE SERVICES THAT PROMOTE STABILITY, REDUCE RECIDIVISM, AND SUPPORT LONG-TERM INDEPENDENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $6,243,497

Program Service Revenue $424,114

Investment Income $19,226

Other Revenue $0

TOTAL REVENUE $6,686,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,601,616

Fundraising Expenses $25,794

Program Expenses $6,515,638

Other Expenses $3,158,109

TOTAL EXPENSES $6,759,725

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,686,837	$8,842,030	-0.2%
Expenses	$6,759,725	$7,798,616	-0.1%
Net Income	$-72,888	$1,043,414	-1.1%

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

148

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH BENTON	DIRECTOR	1.00	Director	$0	$0	$0
ROSS CHEIT	DIRECTOR	N/A	Director	$0	$0	$0
ANNE DASILVA	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN ESPOSITO	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER FREITAS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES LEVESQUE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MATRACIA	DIRECTOR	1.00	Director	$0	$0	$0
JOAKIMA MEANS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID SEGAL	DIRECTOR	1.00	Director	$0	$0	$0
ANGEL TURBIDES	DIRECTOR	1.00	Director	$0	$0	$0
KAYLA HANAWAY-QUINLAN	SECRETARY	2.00	Officer	$0	$0	$0
ANDREW HORWITZ	CHAIRMAN	2.00	Officer	$0	$0	$0
MIKE SPEIDEL	TREASURER	2.00	Officer	$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
2025	$6,686,837	$6,759,725	$7,110,246	$-72,888
2025	$6,686,837	$6,759,725	$7,110,246	$-72,888
2024	$8,842,030	$7,798,616	$6,875,690	$1,043,414
2023	$2,794,580	$2,858,581	$5,442,391	$-64,001
2022	$1,684,846	$1,227,972	$4,902,264	$456,874
2021	$1,086,213	$918,679	$4,287,711	$167,534
2020	$754,502	$644,699	$4,018,188	$109,803

OPENDOORS