3M OPEN FUND (EIN 830995816) - 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

KADY STOLL

Phone

7637839000

Tax Period

2023-10-01 to 2024-09-30

3M OPEN FUND, founded in 2018, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $19.4M in total revenue in fiscal year 2023.

Mission

3M OPEN FUND IS A NONPROFIT ORGANIZATION CREATED TO RUN AN ANNUAL PGA TOUR SANCTIONED PROFESSIONAL GOLF TOURNAMENT FOR CHARITY.

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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 $5,862,892

Program Service Revenue $13,035,557

Investment Income $0

Other Revenue $494,385

TOTAL REVENUE $19,392,834

Expense Breakdown

Grants Paid $1,003,374

Salaries & Benefits $0

Fundraising Expenses $1,826,588

Program Expenses $15,928,856

Other Expenses $18,419,439

TOTAL EXPENSES $19,422,813

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,392,834	$20,061,297	0.0%
Expenses	$19,422,813	$18,531,372	+0.0%
Net Income	$-29,979	$1,529,925	-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

1321

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
DON ASHTON	TREASURER	0.50	Officer Director	$0	$0	$0
TORIE CLARKE	DIRECTOR	0.50	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	2.50	Officer Director	$0	$0	$0
CARRIE HIGGS	DIRECTOR	0.50	Director	$0	$0	$0
RANDALL MCDANIEL	DIRECTOR	0.50	Director	$0	$0	$0
MIKE PAGE	DIRECTOR	0.50	Director	$0	$0	$0
JOE PAUL	DIRECTOR	0.50	Director	$0	$0	$0
ARIA SAMENI	DIRECTOR	0.50	Director	$0	$0	$0
JENNIFER HINES	ASSISTANT SECRETARY	0.50	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
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

3M OPEN FUND