Open Doors Solutions Inc (EIN 830841949) - 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

2018

Legal Domicile

Principal Officer

Matthew Hurd

Phone

6788522371

Tax Period

2023-01-01 to 2023-12-31

Open Doors Solutions Inc, founded in 2018, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2023. Revenue fell 58% from the prior year — a significant decline worth monitoring.

Mission

Open Doors mission is to make connections between non-profits that serve those exiting homelessness and property owners seeking residents to ensure that homes will always be avialable for those in need.

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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 $1,492,940

Program Service Revenue $1,234,294

Investment Income $64,644

Other Revenue $1,991

TOTAL REVENUE $2,793,869

Expense Breakdown

Grants Paid $872,914

Salaries & Benefits $1,388,732

Fundraising Expenses $165,780

Program Expenses $2,321,457

Other Expenses $645,453

TOTAL EXPENSES $2,907,099

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,793,869	$6,688,035	-0.6%
Expenses	$2,907,099	$2,794,955	+0.0%
Net Income	$-113,230	$3,893,080	-1.0%

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

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

$165,780

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Aaron Goldman	President (Chair)	10.00	Officer Director	$0	$0	$0
Melissa Frawley	Treasurer	10.00	Officer Director	$0	$0	$0
Sara Haas	Secretary	2.00	Officer Director	$0	$0	$0
Michael Baum	Director	2.00	Director	$0	$0	$0
David Bell	Director	3.00	Director	$0	$0	$0
Nia Brown	Director	3.00	Director	$0	$0	$0
Shea Campbell	Director	3.00	Director	$0	$0	$0
Darion Dunn	Director	3.00	Director	$0	$0	$0
Christie Eash	Director	1.00	Director	$0	$0	$0
Russ Hardy	Director	1.00	Director	$0	$0	$0
Raphael Holloway	Director	1.00	Director	$0	$0	$0
Maurice Horne	Director	1.00	Director	$0	$0	$0
Lisa Hurd	Director	1.00	Director	$0	$0	$0
Chelsea Juras	Director	1.00	Director	$0	$0	$0
Melanie Kagan	Director	1.00	Director	$0	$0	$0
Marc Lefar	Director	1.00	Director	$0	$0	$0
Dave Loeffel	Director	1.00	Director	$0	$0	$0
Judy MacManus	Director	1.00	Director	$0	$0	$0
Sam Moses	Director	1.00	Director	$0	$0	$0
Mathew Hurd	Executive Director	40.00	Officer	$165,000	$780	$165,780

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	$2,793,869	$2,907,099	$5,503,012	$-113,230
2022	$6,688,035	$2,794,955	$5,703,876	$3,893,080
2021	$786,357	$1,587,409	$1,855,127	$-801,052
2020	$2,704,800	$1,772,662	$2,336,486	$932,138
2019	$1,014,365	$737,148	$1,268,242	$277,217
2019	$1,009,365	$723,598	$618,672	$285,767

Open Doors Solutions Inc