OPEN ARMS CARE CORPORATION (EIN 581839449) - 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

1986

Legal Domicile

Principal Officer

ROBERT J TAYLOR IV

Phone

6152544006

Tax Period

2023-01-01 to 2023-12-31

OPEN ARMS CARE CORPORATION, founded in 1986, is a mid-sized nonprofit in the Human Services sector that reported $62.5M in total revenue in fiscal year 2023.

Mission

THE MISSION OF OPEN ARMS CARE CORPORATION IS TO SUPPORT PEOPLE WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES IN REACHING THEIR MAXIMUM POTENTIAL AND ENABLING THEM TO LEAD DIGNIFIED AND MEANINGFUL LIVES.

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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 $12,473

Program Service Revenue $62,469,260

Investment Income $51,474

Other Revenue $0

TOTAL REVENUE $62,533,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $39,003,889

Fundraising Expenses $0

Program Expenses $57,615,304

Other Expenses $23,673,320

TOTAL EXPENSES $62,677,209

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,533,207	$58,367,464	+0.1%
Expenses	$62,677,209	$60,902,168	+0.0%
Net Income	$-144,002	$-2,534,704	-0.9%

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

1195

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

$32,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT J TAYLOR IV	PRESIDENT	10.00	Director	$22,000	$0	$22,000
MARY ELLIS RICHARDSON	SECRETARY	2.00	Director	$2,000	$0	$2,000
LUIS ROSA	DIRECTOR	2.00	Director	$2,000	$0	$2,000
SANDY WYBEL	DIRECTOR	2.00	Director	$2,000	$0	$2,000
JOHN CRAWFORD	TREASURER	2.00	Director	$2,000	$0	$2,000
TODD DOCKERY	DIRECTOR	2.00	Director	$2,000	$0	$2,000

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	$62,533,207	$62,677,209	$99,284,737	$-144,002
2022	$58,367,464	$60,902,168	$102,170,393	$-2,534,704
2021	$57,379,282	$56,803,623	$14,259,217	$575,659
2020	$55,580,961	$56,765,728	$13,754,116	$-1,184,767
2019	$55,327,874	$55,096,203	$12,179,634	$231,671
2018	$56,824,396	$55,287,044	$12,670,648	$1,537,352

OPEN ARMS CARE CORPORATION