Openminds Foundation (EIN 884179016) - 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

2022

Legal Domicile

Phone

8055003131

Tax Period

2025-01-01 to 2025-12-31

Openminds Foundation, founded in 2022, is a small nonprofit in the Mental Health sector that reported $810K in total revenue in fiscal year 2025. Revenue surged 93% from the prior year, signaling strong growth momentum. The organization ran a surplus of $163K, a strong 20% operating margin.

Mission

OpenMinds is dedicated to providing accessible insurance-based mental health services fostering well-being for adolescents families and young adults in the extended Santa Barbara community. We strive to cultivate and support a team of psychotherapists and staff committed to delivering client-centered culturally competent and evidence-based care.

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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 (2025)

Revenue Breakdown

Contributions & Grants $317,537

Program Service Revenue $491,822

Investment Income $0

Other Revenue $390

TOTAL REVENUE $809,749

Expense Breakdown

Grants Paid $0

Salaries & Benefits $501,626

Fundraising Expenses $26,659

Program Expenses $384,553

Other Expenses $145,509

TOTAL EXPENSES $647,135

Year-over-Year Comparison

	2025	2024	Change
Revenue	$809,749	$419,159	+0.9%
Expenses	$647,135	$375,328	+0.7%
Net Income	$162,614	$43,831	+2.7%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Fleming	Executive Director	40.00	Officer Director	$0	$0	$0
Alessandra Fleming	Clinicial Director	40.00	Officer Director	$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	$809,749	$647,135	$223,935	$162,614
2024	$419,159	$375,328	$63,129	$43,831
2023	$40,330	$43,516	$19,298	$-3,186

Openminds Foundation