OPEN COMMUNITY FOUNDATION

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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

SUREN SAMARCHYAN

Phone

6508048081

Tax Period

2024-01-01 to 2024-12-31

OPEN COMMUNITY FOUNDATION, founded in 2021, is a community nonprofit in the Public & Societal Benefit sector that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 206% from the prior year, signaling strong growth momentum. Net assets of $15.8M represent 100 months of operating reserves.

Mission

THE PURPOSE OF THE CORPORATION IS TO FURTHER THE COMMON GOOD AND GENERAL WELFARE BY CREATING A GLOBAL, OPEN, AND DECENTRALIZED SOCIAL PLATFORM THAT PROMOTES USERS' HAPPINESS AND WELLBEING AND WHERE USERS OWN AND CONTROL THEIR IDENTITIES, CONTENT, AND COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,412,348

STRATEGY DEVELOPMENT, PRODUCT ROADMAPPING, TESTING MULTIPLE DIRECTIONS, PROTOTYPING, USER RESEARCH, MARKET ANALYSIS, AND FEASIBILITY STUDIES FOR A DECENTRALIZED SOCIAL PLATFORM THAT PROMOTES USERS'...

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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 $0

Program Service Revenue $0

Investment Income $1,901,487

Other Revenue $0

TOTAL REVENUE $1,901,487

Expense Breakdown

Grants Paid $0

Salaries & Benefits $542,484

Fundraising Expenses $0

Program Expenses $1,412,348

Other Expenses $1,340,642

TOTAL EXPENSES $1,883,126

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,901,487	$621,447	+2.1%
Expenses	$1,883,126	$332,191	+4.7%
Net Income	$18,361	$289,256	-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

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

$522,823

Total Directors

$293,281

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUREN SAMARCHYAN	CHAIRMAN AND CEO	40.00	Officer Director	$288,068	$5,213	$293,281
SERGIO MELLO	SECRETARY AND TREASURER	0.20	Officer Director	$0	$0	$0
MICHELLE B REAVES	DIRECTOR	0.20	Officer Director	$0	$0	$0
HEIN ROEHRIG	CTO (THRU 11/30)	40.00	Officer	$221,717	$7,825	$229,542

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	$1,901,487	$1,883,126	$15,794,563	$18,361
2023	$621,447	$332,191	$14,380,792	$289,256
2022	$14,218,688	$79,437	$14,090,426	$14,139,251