OPEN ARMS FOUNDATION INC (EIN 550745422) - 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

1995

Legal Domicile

Principal Officer

WILLIAM E PERROW

Tax Period

2024-01-01 to 2024-12-31

OPEN ARMS FOUNDATION INC, founded in 1995, is a small nonprofit in the International Affairs sector that reported $140K in total revenue in fiscal year 2024.

Mission

MISSIONS SUPPORT CHARITY TO LATIN AMERICA: THE ORGANIZATION RECEIVES MONETARY SUPPORT TO FUND MISSIONS (CHARITABLE & RELIGIOUS) WORK IN THE FIELD OF MINISTERING TO ORPHANED AND ABANDONED CHILDREN IN LATIN AMERICA. THE ORGANIZATION WAS ESTABLISHED UNDER THE NON PROFIT LAW OF THE UNITED STATES.

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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 $139,946

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $139,946

Expense Breakdown

Grants Paid $60,076

Salaries & Benefits $64,391

Fundraising Expenses $0

Program Expenses $62,363

Other Expenses $21,540

TOTAL EXPENSES $146,007

Year-over-Year Comparison

	2024	2023	Change
Revenue	$139,946	$131,909	+0.1%
Expenses	$146,007	$114,351	+0.3%
Net Income	$-6,061	$17,558	-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

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

$50,350

Total Directors

$50,350

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBIN COHEN	DIRECTOR	1.00	Director	$0	$0	$0
DEE WEGERT	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM E PERROW	BOARD CHAIR	40.00	Officer Director	$50,350	$0	$50,350
HARVEY WEGERT	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN C FOWLER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MATTHEW HARRIS	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
MICHEAL PERROW	SECRETARY	1.00	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	$139,946	$146,007	$17,134	$-6,061
2023	$131,909	$114,351	$22,917	$17,558
2022	$106,146	$101,374	$13,626	$4,772
2021	$152,487	$131,413	$11,172	$21,074
2019	$175,263	$192,721	$15,122	$-17,458
2018	$183,329	$206,691	$13,573	$-23,362

OPEN ARMS FOUNDATION INC