OPEN HEARTS (EIN 860291956) - 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

1974

Legal Domicile

Principal Officer

DR CHRISTOPHER KECK

Phone

6022855550

Tax Period

2023-07-01 to 2024-06-30

OPEN HEARTS, founded in 1974, is a mid-sized nonprofit in the Human Services sector that reported $12.5M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 27% operating margin.

Mission

DEVOTED TO COMMUNITY WELL-BEING

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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 $7,158,947

Program Service Revenue $5,229,932

Investment Income $30,895

Other Revenue $44,218

TOTAL REVENUE $12,463,992

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,348,711

Fundraising Expenses $81,079

Program Expenses $7,381,311

Other Expenses $2,704,713

TOTAL EXPENSES $9,053,424

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,463,992	$8,849,269	+0.4%
Expenses	$9,053,424	$8,877,265	+0.0%
Net Income	$3,410,568	$-27,996	-122.8%

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

137

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

$176,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CATHARINA JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
FLAVIO BRAVO	BOARD MEMBER	1.00	Director	$0	$0	$0
JOSEPH PRESTON	SECRETARY	1.00	Officer Director	$0	$0	$0
KENNY FARRELL	BOARD MEMBER	1.00	Director	$0	$0	$0
LISA MILLER	BOARD MEMBER	1.00	Director	$0	$0	$0
RHONDA BALDWIN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN ELMORE	VICE-CHAIR (RESIGNED IN FY24)	1.00	Officer Director	$0	$0	$0
SONIA SAMANIEGO	BOARD MEMBER	1.00	Director	$0	$0	$0
SOPHIE STEVENSON	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA JIMINEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER KECK	CHIEF EXECUTIVE OFFICER	40.00	Officer	$176,005	$0	$176,005
CINTHYA KNAPPER	MEDICAL DIRECTOR	40.00	Highest	$225,420	$15,456	$240,876
JENNIFER LINEHAN	NURSE PRACTITIONER	40.00	Highest	$125,533	$0	$125,533

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	No data	No data	No data	No data
2024	$12,463,992	$9,053,424	$8,864,128	$3,410,568
2023	$8,849,269	$8,877,265	$6,605,120	$-27,996
2022	$6,637,104	$7,744,430	$6,199,066	$-1,107,326
2021	$8,151,667	$7,589,951	$7,456,283	$561,716
2020	$8,786,162	$7,503,674	$7,297,509	$1,282,488
2019	$8,044,786	$6,586,153	$5,436,592	$1,458,633
2018	$6,468,412	$6,462,766	$4,391,786	$5,646

OPEN HEARTS