Open Arms Assisted Living (EIN 832116721) - 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

Peter Hynes

Phone

7203194459

Tax Period

2023-08-01 to 2024-07-31

Open Arms Assisted Living, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $1.5M exceeded revenue, resulting in a 12% operating deficit.

Mission

Open Arms Assisted Living operates a mission-based assisted living facility for the elderly, serving the Montbello and the broader Denver 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 $199

Program Service Revenue $1,291,252

Investment Income $31

Other Revenue $6,797

TOTAL REVENUE $1,298,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $681,944

Fundraising Expenses $0

Program Expenses $1,180,395

Other Expenses $769,672

TOTAL EXPENSES $1,451,616

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,298,279	$972,922	+0.3%
Expenses	$1,451,616	$2,657,757	-0.5%
Net Income	$-153,337	$-1,684,835	-0.9%

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

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

$70,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Murzyn	President	1.00	Officer Director	$0	$0	$0
Morgan Jenkins	Secretary	5.00	Officer Director	$0	$0	$0
Ron Klein	Board Member	7.00	Director	$0	$0	$0
Renee Bauer	Board Member	0.50	Director	$0	$0	$0
Mary Davis	Board Member	3.00	Director	$0	$0	$0
Sammy Omiteru	Board Member	2.00	Director	$0	$0	$0
Peter Hynes	Chairperson	50.00	Officer	$0	$0	$0
Antonette Crowder	Executive Director	80.00	Officer	$70,000	$0	$70,000

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	$1,298,279	$1,451,616	$6,377,602	$-153,337
2023	$972,922	$2,657,757	$6,462,619	$-1,684,835
2022	$828,493	$1,494,863	$6,803,436	$-666,370
2021	$527,158	$1,095,640	$6,952,662	$-568,482
2020	$3,700,000	$186,405	$7,493,042	$3,513,595

Open Arms Assisted Living