OPEN PHILANTHROPY ACTION FUND (EIN 812644663) - 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

2016

Legal Domicile

Principal Officer

CARI TUNA

Phone

6508047100

Tax Period

2023-01-01 to 2023-12-31

OPEN PHILANTHROPY ACTION FUND, founded in 2016, is a mid-sized nonprofit in the Community Improvement sector that reported $79.3M in total revenue in fiscal year 2023. Revenue surged 58% from the prior year, signaling strong growth momentum.

Mission

STUDY AND PROMOTE MORE EFFECTIVE GIVING FOR PUBLIC POLICY, ADVOCACY AND SOCIAL WELFARE PURPOSES

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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 $77,706,437

Program Service Revenue $0

Investment Income $1,628,050

Other Revenue $0

TOTAL REVENUE $79,334,487

Expense Breakdown

Grants Paid $55,937,881

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,131,644

Other Expenses $21,571,051

TOTAL EXPENSES $77,508,932

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,334,487	$50,098,558	+0.6%
Expenses	$77,508,932	$55,283,198	+0.4%
Net Income	$1,825,555	$-5,184,640	-1.4%

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

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
CARI TUNA	PRESIDENT/DIRECTOR	2.00	Officer Director	$0	$0	$0
ALEXANDER BERGER	CEO/DIRECTOR (CO-CEO THRU 7/23/23)	2.00	Officer Director	$0	$0	$0
HOLDEN KARNOFSKY	DIRECTOR (CO-CEO THRU 7/23/23)	2.00	Officer Director	$0	$0	$0
DIVESH MAKAN	SECRETARY/DIRECTOR	0.50	Officer Director	$0	$0	$0
DUSTIN MOSKOVITZ	DIRECTOR	0.50	Director	$0	$0	$0
TOM VAN LOBEN SELS	TREASURER	0.50	Officer	$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	$79,334,487	$77,508,932	$30,728,049	$1,825,555
2022	$50,098,558	$55,283,198	$31,980,708	$-5,184,640
2021	$63,966,410	$89,321,231	$40,719,631	$-25,354,821
2020	$16,397,082	$15,048,000	$15,508,120	$1,349,082
2019	$1,971,777	$24,120,247	$17,411,967	$-22,148,470
2018	$5,458,622	$12,011,833	$33,307,020	$-6,553,211

OPEN PHILANTHROPY ACTION FUND