OPEN BOOKS FOUNDATION CO (EIN 800251597) - 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

2009

Legal Domicile

Principal Officer

MICHELLE TEITELMAN

Phone

5085961406

Tax Period

2023-01-01 to 2023-12-31

OPEN BOOKS FOUNDATION CO, founded in 2009, is a micro nonprofit in the Education sector that reported $25K in total revenue in fiscal year 2023. Revenue surged 124% from the prior year, signaling strong growth momentum. Expenses of $34K exceeded revenue, resulting in a 36% operating deficit.

Mission

PROVIDE ASSISTANCE TO CHILDREN IN THE ATTENDANCE OF READING AND OTHER EDUCATIONAL PROGRAMS

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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 $25,920

Program Service Revenue $0

Investment Income $-777

Other Revenue $0

TOTAL REVENUE $25,143

Expense Breakdown

Grants Paid $32,267

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $32,267

Other Expenses $1,853

TOTAL EXPENSES $34,120

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,143	$11,208	+1.2%
Expenses	$34,120	$35,304	0.0%
Net Income	$-8,977	$-24,096	-0.6%

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

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
MICHELLE TEITELMAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
ILAN STAVANS	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN WARD SCARBOROUGH	DIRECTOR	2.00	Director	$0	$0	$0
NOAH ROSENBLUM	DIRECTOR	2.00	Director	$0	$0	$0
BARRY WATERMAN	DIRECTOR	2.00	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	No data	No data	No data	No data
2023	$25,143	$34,120	$99,061	$-8,977
2022	$11,208	$35,304	$112,038	$-24,096
2021	$39,948	$19,058	$140,136	$20,890
2020	$20,923	$16,140	$123,246	$4,783
2019	$50,698	$31,193	$122,463	$19,505
2018	$26,814	$25,231	$86,958	$1,583

OPEN BOOKS FOUNDATION CO