OPEN MIND A PROJECT FOR THE DEVELOPMENT AND EDUCATION OF CHILDREN (EIN 943252640) - 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

1999

Legal Domicile

Principal Officer

KATHERINE MICHIELS

Phone

4158210130

Tax Period

2024-09-01 to 2025-08-31

OPEN MIND A PROJECT FOR THE DEVELOPMENT AND EDUCATION OF CHILDREN, founded in 1999, is a small nonprofit in the Arts, Culture & Humanities sector that reported $983K in total revenue in fiscal year 2024. Expenses of $1.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

OPEN MIND ASSISTS MIDDLE AND LOW INCOME SAN FRANCISCO AREA FAMILIES TO OBTAIN QUALITY CHILDCARE AND IMPROVE AND ENRICH EDUCATIONAL OPPORTUNITIES THROUGH ELEMENTARY, AFTER SCHOOL, ENRICHMENT,SUMMER CAMP AND Y.U.M. CHEFS.

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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 $116,580

Program Service Revenue $766,333

Investment Income $87,616

Other Revenue $12,504

TOTAL REVENUE $983,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $725,644

Fundraising Expenses $0

Program Expenses $195,389

Other Expenses $373,640

TOTAL EXPENSES $1,099,284

Year-over-Year Comparison

	2024	2023	Change
Revenue	$983,033	$1,027,490	0.0%
Expenses	$1,099,284	$1,052,701	+0.0%
Net Income	$-116,251	$-25,211	+3.6%

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

N/A

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
KATERINE MICHIELS	PRESIDENT	1.00	Officer Director	$0	$0	$0
DR MONICA HENSCHKLE	SECRETARY	1.00	Officer Director	$0	$0	$0
KATIE FIELDING	BOARD MEMBER	1.00	Director	$0	$0	$0
SUZANNE FAUVRE-WILLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
WARD ASHMAN	VICE PRESIDENT	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
2025	$983,033	$1,099,284	$2,108,300	$-116,251
2024	$1,027,490	$1,052,701	$2,074,772	$-25,211
2023	$1,346,979	$1,069,415	$1,687,639	$277,564
2022	$1,523,039	$1,226,514	$1,352,323	$296,525
2022	$926,567	$1,211,769	$1,398,847	$-285,202
2021	$1,208,773	$1,119,249	$1,578,410	$89,524
2020	$1,366,886	$1,361,552	$917,729	$5,334
2019	$1,361,514	$1,377,004	$815,959	$-15,490
2018	$1,257,778	$1,316,139	$1,310,163	$-58,361

OPEN MIND A PROJECT FOR THE DEVELOPMENT AND EDUCATION OF CHILDREN