OPENING DOORS NORTHWEST FLORIDA INC (EIN 592909065) - 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

1989

Legal Domicile

Principal Officer

DR DAVID JOSEPHS

Phone

8504393009

Tax Period

2022-07-01 to 2023-06-30

OPENING DOORS NORTHWEST FLORIDA INC, founded in 1989, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring.

Mission

THE ORGANIZATION WORKS TO ELIMINATE HOMELESSNESS BY SUPPORTING PEOPLE WHO ARE HOMELESS OR AT RISK, LOCAL SERVICE PROVIDERS AND OTHER INTERESTED INDIVIDUALS AND GROUPS THROUGH ADVOCACY, EDUCATION, ORGANIZING AND NETWORKING.

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,564,412

Program Service Revenue $13,745

Investment Income $0

Other Revenue $2,395

TOTAL REVENUE $1,580,552

Expense Breakdown

Grants Paid $868,084

Salaries & Benefits $661,064

Fundraising Expenses $0

Program Expenses $1,507,616

Other Expenses $202,410

TOTAL EXPENSES $1,731,558

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,580,552	$4,499,359	-0.6%
Expenses	$1,731,558	$4,424,587	-0.6%
Net Income	$-151,006	$74,772	-3.0%

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

194

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
DR DAVID JOSEPHS	PRESIDENT	5.00	Officer Director	$0	$0	$0
DR MARCUS MCBRIDE	VICE PRESIDE	5.00	Officer Director	$0	$0	$0
FRANCES MCCURDY	DIRECTOR	5.00	Director	$0	$0	$0
RAYMOND MITCHELL	DIRECTOR	5.00	Director	$0	$0	$0
JORDYN PALMER	DIRECTOR	5.00	Director	$0	$0	$0
DR VANESSA PHILLIPS	SECRETARY	5.00	Officer Director	$0	$0	$0
CHERYL RIGGS	TRESURER	5.00	Officer Director	$0	$0	$0
ANDREA ROBERTS	DIRECTOR	5.00	Director	$0	$0	$0
MELISSA SIDOTI	DIRECTOR	5.00	Director	$0	$0	$0
ABE SINGH	DIRECTOR	5.00	Director	$0	$0	$0
MARSHA TRAVIS	DIRECTOR	5.00	Director	$0	$0	$0
LT CHAD WILLHITE	DIRECTOR	5.00	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,580,552	$1,731,558	$589,051	$-151,006
2022	$4,499,359	$4,424,587	$1,151,552	$74,772
2021	$1,635,869	$1,785,187	$469,131	$-149,318
2020	$1,228,277	$1,178,719	$554,589	$49,558
2018	$1,251,652	$1,170,010	$521,667	$81,642

OPENING DOORS NORTHWEST FLORIDA INC