Open Arms Foundation

EIN: 621612269 501(c)(3) Food, Agriculture & Nutrition

Memphis, TN

Total Revenue
$819,180
Total Expenses
$786,952
Total Assets
$773,035
Net Assets
$428,249
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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
1994
Legal Domicile
TN
Phone
9016826600
Tax Period
2023-01-01 to 2023-12-31

Open Arms Foundation, founded in 1994, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $819K in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $787K left a modest 4% surplus.

Mission

WE PROVIDE THE USE OF FULLY-FURNISHED TWO-BEDROOM APARTMENTS TO INDIVIDUALS OR FAMILIES WHO HAVE TO TRAVEL AWAY FROM THEIR OWN HOMES TO RECEIVE MEDICAL TREATMENT. THE APARTMENTS ARE PROVIDED AT NO CHARGE AND INCLUDE UTILITIES, PHONE AND CABLE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $768,445

TO PROVIDE COMPASSIONATE CARE AND HOUSING TO FAMILIES IN DISTRESS WHICH REQUIRE LONG-TERM MEDICAL TREATMENT AT GREAT DISTANCES FROM THEIR HOMES. TWO BEDROOM APARTMENTS, FULLY FURNISHED, ARE PROVIDED...

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TO PROVIDE COMPASSIONATE CARE AND HOUSING TO FAMILIES IN DISTRESS WHICH REQUIRE LONG-TERM MEDICAL TREATMENT AT GREAT DISTANCES FROM THEIR HOMES. TWO BEDROOM APARTMENTS, FULLY FURNISHED, ARE PROVIDED WITHOUT CHARGE TO QUALIFYING FAMILIES.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $873,256
Program Service Revenue $0
Investment Income $0
Other Revenue $-54,076
TOTAL REVENUE $819,180

Expense Breakdown

Grants Paid $768,445
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $768,445
Other Expenses $18,507
TOTAL EXPENSES $786,952

Year-over-Year Comparison

2023 2022 Change
Revenue $819,180 $627,838 +0.3%
Expenses $786,952 $678,724 +0.2%
Net Income $32,228 $-50,886 -1.6%
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

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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
500

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
4
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT 4.0
Officer Director
$0 $0 $0
N/A VICE PRESIDENT 2.0
Officer Director
$0 $0 $0
N/A TREASURER 6.0
Officer Director
$0 $0 $0
N/A SECRETARY 4.0
Officer Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
Director
$0 $0 $0
N/A DIRECTOR 1.0
Director
$0 $0 $0
N/A DIRECTOR 2.0
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 No data No data No data No data
2023 $819,180 $786,952 $773,035 $32,228
2022 $627,838 $678,724 $615,591 $-50,886
2021 $678,447 $578,927 $535,770 $99,520
2020 $263,635 $556,763 $452,059 $-293,128
2019 $587,365 $495,759 $746,434 $91,606
2018 $663,408 $422,034 $641,524 $241,374
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