OPEN DOOR VENTURES

EIN: 911608508 501(c)(3)

RENTON, WA

Total Revenue
$434,149
Total Expenses
$401,364
Total Assets
$1,595,736
Net Assets
$295,231
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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
1993
Legal Domicile
WA
Principal Officer
MICHAEL MURPHY
Phone
2063749409
Tax Period
2023-01-01 to 2023-12-31

OPEN DOOR VENTURES, founded in 1993, is a small nonprofit that reported $434K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $401K left a modest 8% surplus.

Mission

AS EXPRESSIONS OF GOD'S HEALING LOVE, WITNESSED THROUGH THE MINISTRY OF JESUS, WE ARE STEADFAST IN SERVING ALL, ESPECIALLY THOSE WHO ARE POOR AND VULNERABLE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $302,134
Program Service Revenue $121,514
Investment Income $0
Other Revenue $10,501
TOTAL REVENUE $434,149

Expense Breakdown

Grants Paid $0
Salaries & Benefits $62,527
Fundraising Expenses $0
Program Expenses $374,884
Other Expenses $338,837
TOTAL EXPENSES $401,364

Year-over-Year Comparison

2023 2022 Change
Revenue $434,149 $392,098 +0.1%
Expenses $401,364 $354,107 +0.1%
Net Income $32,785 $37,991 -0.1%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
5

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
2
$3,614,615
Total Directors
11
$405,151
Key Employees
1
$583,716
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREG HOFFMAN EVP & CFO/TREASURER 0.50
Officer
$0 $334,955 $3,539,549
JO ANN ESCASA-HAIGH FRMR EVP/ASSISTANT TREASURER 0.00
$0 $10,754 $3,302,551
ROBERT HELLRIGEL FRMR EVP CE HOME & COMM CARE 0.00
$0 $0 $1,695,331
JAMIE GOODWIN FRMR OFF. - SECRETARY 0.00
$0 $110,300 $710,701
DIANNA REELY CHIEF RESIDENTIAL SRVCS - HCC 5.00
Key Emp
$0 $168,301 $583,716
MARY LYONS PHD DIRECTOR 0.50
Director
$0 $0 $100,085
MICHAEL MURPHY BOARD CHAIR/PRESIDENT 1.00
Officer Director
$0 $0 $75,066
CHARLES SORENSON MD DIRECTOR 0.50
Director
$0 $0 $50,000
ISIAAH CRAWFORD PHD DIRECTOR 0.50
Director
$0 $0 $50,000
RICHARD BLAIR DIRECTOR 0.50
Director
$0 $0 $50,000
ERIC SPRUNK DIRECTOR 0.50
Director
$0 $0 $40,000
MARY BETH KINGSTON DIRECTOR 0.50
Director
$0 $0 $40,000
MARVIN O'QUINN DIRECTOR (PART YEAR) 0.50
Director
$0 $0 $0
SISTER CAROL PACINI LCM DIRECTOR 0.50
Director
$0 $0 $0
SISTER DIANE HEJNA CSJ RN DIRECTOR 0.50
Director
$0 $0 $0
SISTER PHYLLIS HUGHES RSM DRPH DIRECTOR 0.50
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
2024 No data No data No data No data
2023 $434,149 $401,364 $1,595,736 $32,785
2022 $392,098 $354,107 $1,563,849 $37,991
2021 $386,183 $401,899 $1,262,800 $-15,716
2020 $382,512 $315,813 $1,219,085 $66,699
2019 $314,167 $275,337 $1,163,402 $38,830
2018 $294,946 $339,156 $1,147,992 $-44,210
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