Open Hearts Big Dreams

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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

2017

Phone

4252958841

Tax Period

2022-01-01 to 2022-12-31

Open Hearts Big Dreams, founded in 2017, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $52K in total revenue in fiscal year 2022. Revenue fell 199% from the prior year — a significant decline worth monitoring.

Mission

OHBD focuses on K-14 game-changing literacy, innovation, inclusion & leadership projects in Ethiopia. ReadySetGo books helps increase literacy & Innovation Program increases local problem-solving capacity. We create local capacity and use grants to amplify innovation.

Program Service Accomplishments

Program 1

Expenses: $30,004

Ongoing work on innovation pilot efforts to increase problem solving capacity including CS & Leadership training and supporting our Model Project libraries and project.

Program 2

Expenses: $17,087 Revenue: $62,781

"ReadySetGo Books is an innovative approach to increasing literacy by closing a key gap, the lack of early readers books, by creating and publishing 200 unique, colorful, and culturally appropriate books. The sales of ReadySetGo Books is listed on the statement of revenue. This outlines the costs associated with producing the books, not included above."

Program 3

Expenses: $13,747

Creating local capacity by printing our books in country, amplify innovation and inclusion by Model Programs grants and strategic support.

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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 (2022)

Revenue Breakdown

Contributions & Grants $139,727

Program Service Revenue $0

Investment Income $39

Other Revenue $-191,417

TOTAL REVENUE $-51,651

Expense Breakdown

Grants Paid $1,900

Salaries & Benefits $0

Fundraising Expenses $2,251

Program Expenses $60,838

Other Expenses $71,520

TOTAL EXPENSES $73,420

Year-over-Year Comparison

	2022	2021	Change
Revenue	$-51,651	$52,050	-2.0%
Expenses	$73,420	$63,992	+0.1%
Net Income	$-125,071	$-11,942	+9.5%

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

250

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
Eyoel Asfaw	Director	2.00	Director	$0	$0	$0
Tizita Assefa	Director	1.00	Director	$0	$0	$0
Amy Bates	Director	1.00	Director	$0	$0	$0
Rajitha Boer	Director	1.00	Director	$0	$0	$0
Pazion Cherinet	Director	1.00	Director	$0	$0	$0
John Clements	Director	1.00	Director	$0	$0	$0
Sultan Mohammed	Director	1.00	Director	$0	$0	$0
Kara Valentine	Director	1.00	Director	$0	$0	$0
Dr Teferi Abate Adem	Director	1.00	Director	$0	$0	$0
Jennifer Mazukelli	Director	1.00	Director	$0	$0	$0
Dr Tadesse Kassie Melesse	Director	1.00	Director	$0	$0	$0
Angel Shimelish	Director	1.00	Director	$0	$0	$0
Bethelehem Tsegaye	Director	2.00	Director	$0	$0	$0
Yenenesh Shewaneh	Director	1.00	Director	$0	$0	$0
Ellenore Angelidis	President	30.00	Officer	$0	$0	$0
Kati Cardea	Treasurer	2.00	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
2022	$-51,651	$73,420	$366,655	$-125,071
2022	$-51,651	$73,420	$366,655	$-125,071
2021	$52,050	$63,992	$486,837	$-11,942
2020	$292,784	$93,972	$304,743	$198,812
2019	$94,050	$129,885	$65,571	$-35,835
2018	$124,130	$100,772	$92,307	$23,358