OPEN HEARTS PLACE (EIN 844729940) - 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

2020

Legal Domicile

Principal Officer

MADELYN RUSS

Phone

8284337437

Tax Period

2024-07-01 to 2025-06-30

OPEN HEARTS PLACE, founded in 2020, is a small nonprofit in the Housing & Shelter sector that reported $190K in total revenue in fiscal year 2024. The organization ran a surplus of $40K, a strong 21% operating margin.

Mission

THE MISSION OF OPEN HEARTS PLACE IS TO PROVIDE HOMES AND PURPOSEFUL OPPORTUNITIES FOR FAMILIES TO INCREASE LIFE SKILLS, GAIN STABILITY, AND BECOME MORE SELF-SUFFICIENT. OPEN HEARTS PLACE WILL PROVIDE NEWLY BUILT OR REMODELED HOMES, AND THEREBY A MORE STABLE ENVIRONMENT, FOR THOSE FAMILIES WHO ARE TRYING TO "GET BACK ON THEIR FEET", WHILE INVOLVING THEM IN AN AGREED-UPON PERSONAL DEVELOPMENT PLAN (PDP).

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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 $155,688

Program Service Revenue $34,029

Investment Income $146

Other Revenue $0

TOTAL REVENUE $189,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $48,799

Fundraising Expenses $1,032

Program Expenses $136,808

Other Expenses $101,131

TOTAL EXPENSES $149,930

Year-over-Year Comparison

	2024	2023	Change
Revenue	$189,863	$191,054	0.0%
Expenses	$149,930	$69,884	+1.1%
Net Income	$39,933	$121,170	-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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY WRIGHT	BOARD MEMBER	3.00	Director	$0	$0	$0
JACOB LANCASTER	BOARD MEMBER	4.00	Director	$0	$0	$0
TOM RUSS	BOARD MEMBER	2.00	Director	$0	$0	$0
CAROLINE TILLERY	BOARD MEMBER	1.00	Director	$0	$0	$0
CASANDRA EARLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
MADELYN RUSS	EXE DIR & BOARD CHAIR	20.00	Officer	$0	$0	$0
SUSAN PRIBYSON	VICE CHAIR	8.00	Officer	$0	$0	$0
ANN MONCRIEF	SECRETARY	2.00	Officer	$0	$0	$0
RYAN CARY	TREASURER	2.00	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
2025	$189,863	$149,930	$1,447,779	$39,933
2024	$191,054	$69,884	$1,349,885	$121,170
2023	$267,944	$25,809	$788,640	$242,135
2022	$342,792	$14,717	$541,114	$328,075
2021	$307,577	$2,036	$242,900	$305,541

OPEN HEARTS PLACE