OPENET INC

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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

2021

Legal Domicile

Principal Officer

SARA LARSEN

Phone

7024838580

Tax Period

2024-10-01 to 2025-09-30

OPENET INC, founded in 2021, is a community nonprofit in the Environment sector that reported $2.3M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $2.1M left a modest 9% surplus.

Mission

TRAINING AND BASIC SUPPORT, AND ONGOING RESEARCH TO SUPPORT BEST AVAILABLE SCIENCE. OPENET CAN BE USED BY LOCAL OR REGIONAL WATER MANAGERS, WATER USERS, LOCAL STAKEHOLDERS, POLICYMAKERS, GROWERS, AND CORPORATES.

Program Service Accomplishments

Program 1

Expenses: $1,701,471 Revenue: $1,563,638

DATA PRODUCTION: BUILDING ONTO DATA PREVIOUSLY PRODUCED FOR THE ENTIRE WESTERN US FROM 2016 FORWARD, IN THIS TAX PERIOD OPENET HAS GENERATED AND REVIEWED DATA FOR: THE MISSISSIPPI ALLUVIAL PLAIN...

DATA PRODUCTION: BUILDING ONTO DATA PREVIOUSLY PRODUCED FOR THE ENTIRE WESTERN US FROM 2016 FORWARD, IN THIS TAX PERIOD OPENET HAS GENERATED AND REVIEWED DATA FOR: THE MISSISSIPPI ALLUVIAL PLAIN, DECADES OF HISTORICAL DATA FOR THE STATES OF OR, UT, AS WELL AS THE UPPER CO RIVER BASIN. OPENET HAS ALSO REVIEWED AND PUSHED THIS DATA TO THE GOOGLE EARTH ENGINE PUBLIC DATA CATALOG.

Program 2

UI MAINTENANCE AND UPDATES: LAUNCH OF THE APPLICATION PROGRAMING INTERFACE OCCURRED IN THIS TAX PERIOD, AS WELL AS MAINTENANCE AND UPDATES OF UI PLATFORMS, INCLUDING THE API AND THE DATA EXPLORER...

UI MAINTENANCE AND UPDATES: LAUNCH OF THE APPLICATION PROGRAMING INTERFACE OCCURRED IN THIS TAX PERIOD, AS WELL AS MAINTENANCE AND UPDATES OF UI PLATFORMS, INCLUDING THE API AND THE DATA EXPLORER. UPDATES TO THESE PLATFORMS ARE CONSISTENTLY IMPLEMENTED TO IMPROVE SPEED AND USE EXPERIENCE. THESE IMPROVEMENTS INCLUDE UPDATES TO THE GEODATABASE, CLOUD PROCESSING IMPROVEMENTS, AND UPDATES TO THE DATA EXPLORER BACKEND.

Program 3

RESEARCH: SPECIAL RESEARCH TOPICS DURING THIS PERIOD INCLUDE: ACCURACY ASSESSMENTS COMPARING OPENET DATA TO GROUND BASED EDDY-COVARIANCE DATA; DAILY LOW LATENCY LAND SURFACE TEMPERATURE DATA...

RESEARCH: SPECIAL RESEARCH TOPICS DURING THIS PERIOD INCLUDE: ACCURACY ASSESSMENTS COMPARING OPENET DATA TO GROUND BASED EDDY-COVARIANCE DATA; DAILY LOW LATENCY LAND SURFACE TEMPERATURE DATA GENERATION/EVALUATION; MODEL UPDATES AND IMPROVEMENTS TO ACCOUNT FOR PERSISTENT BIASES; METHODOLOGY FOR DEVELOPING EFFECTIVE PRESCRIPTION LAYER.

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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 $745,304

Program Service Revenue $1,563,638

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,308,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $380,499

Fundraising Expenses $0

Program Expenses $1,525,269

Other Expenses $1,724,016

TOTAL EXPENSES $2,104,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,308,942	$2,587,726	-0.1%
Expenses	$2,104,515	$1,623,088	+0.3%
Net Income	$204,427	$964,638	-0.8%

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

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

$178,477

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARA LARSEN	CEO	40.00	Officer	$178,477	$0	$178,477
BRETT BAKER	BOARD MEMBER	2.00	Director	$0	$0	$0
TED KOWALSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
TEKI SANKEY	BOARD MEMBER	2.00	Director	$0	$0	$0
SARAH SCHLESSINGER	BOARD MEMBER	2.00	Director	$0	$0	$0
SARA SEXTON	BOARD MEMBER	4.00	Director	$0	$0	$0
LUIS VILLA	BOARD CHAIR	4.00	Director	$0	$0	$0
YUN YANG	BOARD MEMBER	2.00	Director	$0	$0	$0
JOYA BANERJEE	BOARD MEMBER	4.00	Officer	$0	$0	$0
DR MAURICE HALL	TREASURER/SE	4.00	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	$2,308,942	$2,104,515	$1,582,842	$204,427
2024	$2,587,726	$1,623,088	$1,492,941	$964,638
2023	$758,990	$1,717,869	$555,635	$-958,879