3M OPEN FUND

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

KADY STOLL

Phone

7637839000

Tax Period

2024-10-01 to 2025-09-30

3M OPEN FUND, founded in 2018, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $19.7M in total revenue in fiscal year 2024.

Mission

3M OPEN FUND IS A NONPROFIT ORGANIZATION CREATED TO RUN AN ANNUAL PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT THAT WILL CONTRIBUTE POSITIVELY TO THE LIFE IN THE COMMUNITY THROUGH DONATIONS OF THE NET PROCEEDS FROM THE EVENT.

Program Service Accomplishments

Program 1

Expenses: $16,637,800 Revenue: $14,233,400

THE ORGANIZATION HELD A PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT IN JULY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $5,509,147

Program Service Revenue $13,769,300

Investment Income $0

Other Revenue $464,100

TOTAL REVENUE $19,742,547

Expense Breakdown

Grants Paid $700,373

Salaries & Benefits $0

Fundraising Expenses $1,834,118

Program Expenses $16,637,800

Other Expenses $19,594,492

TOTAL EXPENSES $20,294,865

Year-over-Year Comparison

	2024	2023	Change
Revenue	$19,742,547	$19,392,834	+0.0%
Expenses	$20,294,865	$19,422,813	+0.0%
Net Income	$-552,318	$-29,979	+17.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

1636

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
TERI REINSETH	TREASURER	0.50	Officer Director	$0	$0	$0
JOHN BANOVETZ	DIRECTOR	0.50	Director	$0	$0	$0
JEFF LAVERS	PRESIDENT	0.50	Officer Director	$0	$0	$0
KADY STOLL	SECRETARY	0.50	Officer Director	$0	$0	$0
CARRIE HIGGS	DIRECTOR	0.50	Director	$0	$0	$0
RANDALL MCDANIEL	DIRECTOR	0.50	Director	$0	$0	$0
ARIA SAMENI	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	$19,742,547	$20,294,865	$4,885,899	$-552,318
2024	$19,392,834	$19,422,813	$6,728,926	$-29,979
2023	$20,061,297	$18,531,372	$3,728,231	$1,529,925
2022	$18,352,790	$17,590,531	$3,171,074	$762,259
2021	$13,492,516	$13,562,392	$2,792,523	$-69,876
2020	$9,346,112	$9,531,031	$5,296,267	$-184,919
2019	$10,455,827	$16,732,498	$4,682,267	$-6,276,671