OPEN DOOR COUNSELING CENTER (EIN 930876290) - 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

1997

Legal Domicile

Principal Officer

Jeremy Toevs

Phone

5036406689

Tax Period

2023-01-01 to 2023-12-31

OPEN DOOR COUNSELING CENTER, founded in 1997, is a community nonprofit that reported $7.6M in total revenue in fiscal year 2023. Revenue surged 197% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.6M, a strong 35% operating margin.

Mission

Open Door Counseling Center is a HUD Certified Comprehensive Housing Counseling Agency to educate and assist underserved households to obtain and retain affordable permanent housing; provide immediate basic human needs for community residential promote client self determination to achieve a better quality of life.

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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 $7,617,411

Program Service Revenue $5,623

Investment Income $0

Other Revenue $14,445

TOTAL REVENUE $7,637,479

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,063,386

Fundraising Expenses $0

Program Expenses $4,695,363

Other Expenses $1,936,729

TOTAL EXPENSES $5,000,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,637,479	$2,572,114	+2.0%
Expenses	$5,000,115	$1,921,711	+1.6%
Net Income	$2,637,364	$650,403	+3.1%

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

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

$120,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jeremy Toevs	Executive Dir.	40.00	Officer	$120,000	$0	$120,000
Dagne Thompson	Board Chjair	1.00	Officer Director	$0	$0	$0
Chris Berry	Secretary	1.00	Officer Director	$0	$0	$0
Howard Rice	Treasurer	1.00	Officer Director	$0	$0	$0
Dirk Knudsen	Director	1.00	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
2024	No data	No data	No data	No data
2023	$7,637,479	$5,000,115	$4,148,808	$2,637,364
2022	$2,572,114	$1,921,711	$1,282,870	$650,403
2021	$972,587	$739,168	$642,928	$233,419
2020	$534,161	$403,264	$436,515	$130,897
2019	$282,985	$395,037	$249,063	$-112,052
2018	$372,501	$395,449	$357,564	$-22,948

OPEN DOOR COUNSELING CENTER