OPEN ARMS FOOD PANTRY & RESOURCE C… - Form 990 Financial Data

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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

Myeta Perdomo

Phone

2133000080

Tax Period

2024-01-01 to 2024-12-31

OPEN ARMS FOOD PANTRY & RESOURCE CENTER, founded in 2018, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $227K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $204K left a modest 10% surplus.

Mission

Our mission is to provide nutritional meal and food support, food equity programming to local communities and provide infant needs to eradicate infant mortality and abuse rates in LA County and City.

Program Service Accomplishments

Program 1

Expenses: $175,000

Our community center provided over 80,000 families and individuals with supportive services of emergency based meals, groceries and infant care needs.

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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 (2024)

Revenue Breakdown

Contributions & Grants $227,216

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $227,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $175,000

Other Expenses $173,940

TOTAL EXPENSES $203,940

Year-over-Year Comparison

	2024	2023	Change
Revenue	$227,216	$451,009	-0.5%
Expenses	$203,940	$367,233	-0.4%
Net Income	$23,276	$83,776	-0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Myeta Perdomo	Executive Director	40.00	Director	$0	$0	$0
Kenrick Gibson	Treasurer	40.00	Officer	$0	$0	$0
Henry Brown	Member	40.00	Officer	$0	$0	$0
Sherwin Forde	Secretary	20.00	Officer	$0	$0	$0
George Tindley	Member	40.00	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
2024	$227,216	$203,940	No data	$23,276
2023	$451,009	$367,233	No data	$83,776
2022	$196,497	$189,100	No data	$7,397

OPEN ARMS FOOD PANTRY & RESOURCE CENTER