Open Arms Foundation (EIN 621612269) - 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

1994

Legal Domicile

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

TO PROVIDE CARE AND HOUSING TO FAMILIES IN DISTRESS WHICH REQUIRE LONG TERM MEDICAL TREATMENT AT GREAT DISTANCES FROM THEIR HOMES.

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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 $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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

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

Open Arms Foundation