OPEN DOOR MINISTRIES OF HIGH POINT FOUNDATION INC

EIN: 812890842 501(c)(3) Religion

HIGH POINT, NC

Total Revenue
$421,892
Total Expenses
$229,026
Total Assets
$4,122,023
Net Assets
$4,122,023
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
NC
Principal Officer
BARBARA B COUGHLIN
Phone
3364146350
Tax Period
2024-01-01 to 2024-12-31

OPEN DOOR MINISTRIES OF HIGH POINT FOUNDATION INC, founded in 2016, is a small nonprofit in the Religion sector that reported $422K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $193K, a strong 46% operating margin.

Mission

THE FOUNDATION IS A SUPPORTING ORGANIZATION OF OPEN DOOR MINISTRIES OF HIGH POINT, INC. AND IS OPERATED TO BUILD AN ENDOWMENT FOR, AND TO SUPPORT THE OPERATIONS OF, OPEN DOOR MINISTRIES OF HIGH POINT, INC.

Program Service Accomplishments

Program 1
Expenses: $200,000

RAISED FUNDS FOR THE BENEFIT OF OPEN DOOR MINISTRIES OF HIGH POINT, INC. CONTRIBUTED $200,000 TO OPEN DOOR MINISTRIES DURING 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $242,141
Program Service Revenue $0
Investment Income $179,751
Other Revenue $0
TOTAL REVENUE $421,892

Expense Breakdown

Grants Paid $200,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $200,000
Other Expenses $29,026
TOTAL EXPENSES $229,026

Year-over-Year Comparison

2024 2023 Change
Revenue $421,892 $454,937 -0.1%
Expenses $229,026 $225,392 +0.0%
Net Income $192,866 $229,545 -0.2%
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
5
Independent Members
5
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARBARA B COUGHLIN President 1.00
Officer Director
$0 $0 $0
SANDRA FUNK Director 0.50
Director
$0 $0 $0
RAYMOND A BRETZMANN Secretary 0.50
Officer Director
$0 $0 $0
NANCY BOWMAN Director 0.50
Director
$0 $0 $0
TOM ELLER VP & Treasurer 1.00
Officer Director
$0 $0 $0
NANCY LANEY Former VP 1.00
Director
$0 $0 $0
LORE FARISS Director 0.50
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
2025 No data No data No data No data
2024 $421,892 $229,026 $4,122,023 $192,866
2023 $454,937 $225,392 $3,708,498 $229,545
2022 $984,249 $218,276 $3,161,629 $765,973
2021 $1,075,027 $105,716 $2,760,132 $969,311
2020 $870,423 $102,237 $1,730,809 $768,186
2019 $363,349 $100,325 $873,296 $263,024
2018 $464,233 $102,249 $598,202 $361,984
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