OPEN DOORS INC

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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

1990

Legal Domicile

Principal Officer

RICHARD L SHIELDS

Tax Period

2023-01-01 to 2023-12-31

OPEN DOORS INC, founded in 1990, is a small nonprofit in the Religion sector that reported $298K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $289K left a modest 3% surplus.

Mission

TO PROVIDE OPPORTUNITIES AND ENCOURAGE PERSONAL INVOLVEMENT IN MINISTRY, MISSIONS, AND GLOBAL EVANGELISM.

Program Service Accomplishments

Program 1

Expenses: $254,078

FOR DETAILED SUMMARY OF PROGRAM SERVICES ACCOMPLISHMENTS FOR THE YEAR OF 2023:

Program 2

Expenses: $3,908

DURING THE YEAR 2023 OPEN DOORS, INC. DBA DOORWAYS PROVIDED FINANCIAL ASSISTANCE TO MISSIONS AND OTHER 501 (C)(3) ORGANIZATIONS TO HELP THEM ACCOMPLISH THEIR TAX EXEMPT PURPOSE.

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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 $292,438

Program Service Revenue $160

Investment Income $5,432

Other Revenue $138

TOTAL REVENUE $298,168

Expense Breakdown

Grants Paid $3,908

Salaries & Benefits $207,334

Fundraising Expenses $0

Program Expenses $257,986

Other Expenses $77,399

TOTAL EXPENSES $288,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$298,168	$338,966	-0.1%
Expenses	$288,641	$296,011	0.0%
Net Income	$9,527	$42,955	-0.8%

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

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

$100,334

Total Directors

$124,709

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD L SHIELDS	PRESIDENT	60.00	Officer Director	$47,600	$52,734	$100,334
SHELIA J SHIELDS	ASSOCIATE DIRECTOR AND TRUSTE	50.00	Director	$19,500	$4,875	$24,375
LARRY D EDWARDS	TRUSTEE	1.00	Director	$0	$0	$0
JOY P THORP	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM C MCINTYRE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL D ATKINSON	TREASURER	1.00	Officer Director	$0	$0	$0
EDWARD E RYLANDER	VICE PRES	1.00	Officer Director	$0	$0	$0
CHERYL L MCINTYRE	ASST SECY	1.00	Officer Director	$0	$0	$0
SHELLY A RYLANDER	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	No data	No data	No data	No data
2023	$298,168	$288,641	$309,878	$9,527
2022	$338,966	$296,011	$301,253	$42,955
2021	$243,877	$212,459	$256,325	$31,418
2020	$234,540	$198,581	$219,629	$35,959
2019	$271,000	$242,031	$196,666	$28,969