OPENING DOORS FOR WESTERLY'S CHILDREN (EIN 820615132) - 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

2017

Legal Domicile

Principal Officer

SERGIO CHERENZIA

Tax Period

2023-01-01 to 2023-12-31

OPENING DOORS FOR WESTERLY'S CHILDREN, founded in 2017, is a micro nonprofit in the Education sector that reported $33K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $10K, a strong 29% operating margin.

Mission

OPENING DOORS FOR WESTERLY'S CHILDREN PROMOTES EARLY CHILDHOOD LITERACY AND ACADEMIC ACHIEVEMENT FOR THE CHILDREN IN WESTERLY, RHODE ISLAND. WE PROVIDE ESSENTIAL EDUCATION RELATED MATERIALS AND OPPORTUNITIES AND SUPPORT ACADEMICALLY RELATED PROGRAMS AND INITIATIVES IN THE WESTERLY, RHODE ISLAND COMMUNITY.

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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 $27,842

Program Service Revenue $0

Investment Income $23

Other Revenue $4,765

TOTAL REVENUE $32,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,209

Fundraising Expenses $5,500

Program Expenses $4,213

Other Expenses $11,827

TOTAL EXPENSES $23,036

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,630	$47,212	-0.3%
Expenses	$23,036	$52,723	-0.6%
Net Income	$9,594	$-5,511	-2.7%

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

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
JENNIFER ANSAY	TREASURER	1.00	Director	$0	$0	$0
SERGIO CHERENZIA	PRESIDENT	1.75	Director	$0	$0	$0
HARRIET CRANE	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBIN KNISLEY	BOARD MEMBER	1.25	Director	$0	$0	$0
TRACY REGAN	SECRETARY	10.00	Director	$0	$0	$0
DONNA SIMMONS	CO-FOUNDER	1.25	Director	$0	$0	$0
CAITLIN WILLIAMS	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$32,630	$23,036	$112,961	$9,594
2022	$47,212	$52,723	$106,178	$-5,511
2021	$54,000	$53,139	$108,949	$861
2020	$46,729	$50,971	$108,594	$-4,242
2019	$106,190	$96,993	$111,228	$9,197
2018	$75,059	$57,253	$100,500	$17,806

OPENING DOORS FOR WESTERLY'S CHILDREN