Openhouse (EIN 943337955) - 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

1998

Legal Domicile

Principal Officer

Mark Buchanan

Phone

4152968995

Tax Period

2024-07-01 to 2025-06-30

Openhouse, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $5.5M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring.

Mission

Openhouse enables San Francisco Bay Area LGBTQ+ seniors to overcome the unique challenges they face as they age by providing housing, direct services and community programs.

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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 $5,155,912

Program Service Revenue $206,317

Investment Income $239,713

Other Revenue $-150,120

TOTAL REVENUE $5,451,822

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,928,860

Fundraising Expenses $836,402

Program Expenses $4,380,594

Other Expenses $1,805,110

TOTAL EXPENSES $5,766,283

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,451,822	$6,897,806	-0.2%
Expenses	$5,766,283	$5,562,018	+0.0%
Net Income	$-314,461	$1,335,788	-1.2%

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

389

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

$447,565

Total Directors

$22,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kathleen Sullivan	Exec Director	40.00	Officer	$248,766	$15,200	$263,966
Matthew Cimino	Dir Fin & Ops	40.00	Officer	$145,414	$15,685	$161,099
Danielle Soto	Deputy Director	40.00		$147,500	$7,488	$154,988
Sylvia Vargas	Dir Comm Engagemen	40.00		$112,115	$19,647	$131,762
Carrie Schell	Dir CommSupportSvc	40.00		$108,066	$13,229	$121,295
Vinly Eng	Interim ED	20.00	Officer Director	$22,500	$0	$22,500
Mark Buchanan	Co-Chair	6.00	Officer Director	$0	$0	$0
Michael Lieberman	Secretary	4.00	Officer Director	$0	$0	$0
Steve Vettel	Treasurer	4.00	Officer Director	$0	$0	$0
Shireen McSpadden	Co-Chair	4.00	Officer Director	$0	$0	$0
Maite Echaniz	Director	4.00	Director	$0	$0	$0
Maritza Penagos	Director	4.00	Director	$0	$0	$0
Grace Huntley	Director	2.00	Director	$0	$0	$0
Margaret Mak	Director	2.00	Director	$0	$0	$0
Rachel Kamen	Director	2.00	Director	$0	$0	$0
Oriol PiMiloro	Director	2.00	Director	$0	$0	$0
Clinton Yara	Director	2.00	Director	$0	$0	$0
Billy Curtis	Director	2.00	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	$5,451,822	$5,766,283	$11,273,481	$-314,461
2024	$6,897,806	$5,562,018	$11,748,697	$1,335,788
2023	$5,070,814	$4,749,702	$10,300,500	$321,112
2022	$5,153,622	$4,519,251	$10,028,817	$634,371
2021	$4,279,531	$3,720,946	$9,740,301	$558,585
2020	$4,327,284	$2,696,475	$8,307,270	$1,630,809
2019	$5,233,380	$2,259,692	$7,104,588	$2,973,688

Openhouse