OPEN ARMS HOME FOR CHILDREN INC

EIN: 810576905 501(c)(3) Human Services

Litchfield Park, AZ

Total Revenue
$1,170,500
Total Expenses
$883,358
Total Assets
$3,087,417
Net Assets
$3,045,364
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
AZ
Phone
6029209958
Tax Period
2023-01-01 to 2023-12-31

OPEN ARMS HOME FOR CHILDREN INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $287K, a strong 25% operating margin.

Mission

Open Arms Home for Children provides residential resources and education to children and young adults raised at Open Arms who are victims of the AIDS pandemic in South Africa or other tragic circumstances that caused them to become homeless. They are provided with daily needs of food clothing and shelter in a loving and caring environment. Education is pre-school through high school plus vocational training or college for those who have obtained their majority but are not yet ready to live independently. This is not an adoption agency it is a forever home for these children. The agency cared for 60 children at December 31.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,090,969
Program Service Revenue $0
Investment Income $58,203
Other Revenue $21,328
TOTAL REVENUE $1,170,500

Expense Breakdown

Grants Paid $0
Salaries & Benefits $390,609
Fundraising Expenses $14,819
Program Expenses $856,179
Other Expenses $492,749
TOTAL EXPENSES $883,358

Year-over-Year Comparison

2023 2022 Change
Revenue $1,170,500 $1,342,574 -0.1%
Expenses $883,358 $933,708 -0.1%
Net Income $287,142 $408,866 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Thomas Freese Board Treasurer 2.00
Officer Director
$0 $0 $0
David Horan Board Secretary 2.00
Officer Director
$0 $0 $0
Samantha Nordlund Board Member 2.00
Director
$0 $0 $0
Julie O'Leary Board Member 2.00
Director
$0 $0 $0
Ann Parsons Board Member 2.00
Director
$0 $0 $0
Kevin Rahill board Member 2.00
Director
$0 $0 $0
Steve Slaughter Board Member 2.00
Director
$0 $0 $0
Robert Solis Board President 15.00
Officer Director
$0 $0 $0
Jeffery Towery Board Member 2.00
Director
$0 $0 $0
Dale Zeh Jr Board Member 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 $1,170,500 $883,358 $3,087,417 $287,142
2022 $1,342,574 $933,708 $2,959,960 $408,866
2021 $1,254,607 $873,683 $2,637,965 $380,924
2020 $1,140,555 $713,986 $2,124,741 $426,569
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