GREATER CEDAR RAPIDS OPEN INC (EIN 753012260) - 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

2002

Legal Domicile

Principal Officer

MICHELE MATT

Phone

3195502565

Tax Period

2024-01-01 to 2024-12-31

GREATER CEDAR RAPIDS OPEN INC, founded in 2002, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $192K in total revenue in fiscal year 2024.

Mission

PROFESSIONAL CHARITABLE GOLF TOURNAMENT

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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 $110,331

Program Service Revenue $81,250

Investment Income $202

Other Revenue $0

TOTAL REVENUE $191,783

Expense Breakdown

Grants Paid $10,855

Salaries & Benefits $0

Fundraising Expenses $22,981

Program Expenses $160,015

Other Expenses $185,812

TOTAL EXPENSES $196,667

Year-over-Year Comparison

	2024	2023	Change
Revenue	$191,783	$196,098	0.0%
Expenses	$196,667	$193,595	+0.0%
Net Income	$-4,884	$2,503	-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

N/A

Volunteers

N/A

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
MIKE MURDOCK	PRESIDENT	4.00	Officer Director	$0	$0	$0
JAMES MCPARTLAND	SECRETARY	4.00	Officer Director	$0	$0	$0
MICHELE MATT	TREASURER	4.00	Officer Director	$0	$0	$0
BRIAN KRISTIANSEN	DIRECTOR	4.00	Director	$0	$0	$0
KIM COLBERG	DIRECTOR	4.00	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
2024	$191,783	$196,667	$18,025	$-4,884
2023	$196,098	$193,595	$40,870	$2,503
2022	$210,834	$214,421	$23,406	$-3,587
2021	$215,989	$217,507	$18,993	$-1,518
2020	$11,412	$19,976	$23,511	$-8,564
2019	$242,581	$238,902	$32,075	$3,679
2018	$248,348	$253,009	$36,796	$-4,661

GREATER CEDAR RAPIDS OPEN INC