OPEN DOOR PRESCHOOL (EIN 741834374) - 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

1975

Legal Domicile

Principal Officer

CYNTHIA SMITH MCCOLLUM

Phone

5125849945

Tax Period

2024-01-01 to 2024-12-31

OPEN DOOR PRESCHOOL, founded in 1975, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2024. Expenses of $4.2M exceeded revenue, resulting in a 21% operating deficit.

Mission

PROVIDE NATIONALLY-ACCREDITED CHILDCARE TO YOUNG CHILDREN AGE 3 MONTHS TO 6 YEARS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $807,557

Program Service Revenue $2,628,862

Investment Income $13,963

Other Revenue $14,500

TOTAL REVENUE $3,464,882

Expense Breakdown

Grants Paid $14,598

Salaries & Benefits $3,259,215

Fundraising Expenses $188,430

Program Expenses $3,552,133

Other Expenses $926,832

TOTAL EXPENSES $4,200,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,464,882	$3,211,854	+0.1%
Expenses	$4,200,645	$3,633,117	+0.2%
Net Income	$-735,763	$-421,263	+0.7%

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

$97,260

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHY MCHORSE	CHAIR	2.00	Officer Director	$0	$0	$0
JOHN MCGLOTHLIN III	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROXANNE EVANS	SECRETARY	2.00	Officer Director	$0	$0	$0
MATTHEW HANDREN	TREASURER	2.00	Officer Director	$0	$0	$0
LAURA GRIEBEL	PAST CHAIR	2.00	Officer Director	$0	$0	$0
ALEX CANTU	BOARD MEMBER	2.00	Director	$0	$0	$0
ERIN GURAK	BOARD MEMBER	2.00	Director	$0	$0	$0
IRMAK KARAYAL	BOARD MEMBER	2.00	Director	$0	$0	$0
CODY SUMMERVILLE	BOARD MEMBER	2.00	Director	$0	$0	$0
CYNTHIA SMITH MCCOLLUM	EXECUTIVE DIRECTOR	40.00	Officer	$97,260	$0	$97,260

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	$3,464,882	$4,200,645	$886,297	$-735,763
2023	$3,211,854	$3,633,117	$1,728,747	$-421,263
2022	$3,539,501	$2,861,669	$2,195,793	$677,832
2021	$2,808,428	$2,155,634	$1,602,057	$652,794
2020	$2,262,866	$2,151,829	$1,184,001	$111,037
2019	$2,679,450	$2,743,937	$660,595	$-64,487
2018	$2,541,426	$2,655,157	$712,975	$-113,731

OPEN DOOR PRESCHOOL