FRIENDS OF THE OPEN SCHOOL INC

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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

1982

Legal Domicile

Phone

3105680735

Tax Period

2024-07-01 to 2025-06-30

FRIENDS OF THE OPEN SCHOOL INC, founded in 1982, is a small nonprofit that reported $316K in total revenue in fiscal year 2024. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $600K exceeded revenue, resulting in a 90% operating deficit.

Mission

FUNDRAISING TO PROVIDE ENRICHMENT PROGRAMS FOR THE STUDENTS OF THE OPEN MAGNET CHARTER SCHOOL AND A LOS ANGELES PUBLIC SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $312,993

INSTRUCTION AND SUPPLIES FOR ART, PHYSICAL EDUCATION, COMMUNITY GARDEN AND MUSIC PROGRAMS FOR ALL STUDENTS OF THE OPEN MAGNET CHARTER SCHOOL.

Program 2

Expenses: $117,160

BEFORE AND AFTER SCHOOL SUPERVISION PROGRAM.

Program 3

Expenses: $68,715

COMPUTER EQUIPMENT INSTALLED, UPDATED AND MAINTAINED IN EACH CLASSROOM TO PROVIDE STUDENTS OF THE OPEN MAGNET CHARTER SCHOOL.

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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 $0

Program Service Revenue $15,658

Investment Income $144

Other Revenue $299,902

TOTAL REVENUE $315,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $144,833

Fundraising Expenses $0

Program Expenses $566,108

Other Expenses $454,723

TOTAL EXPENSES $599,556

Year-over-Year Comparison

	2024	2023	Change
Revenue	$315,704	$630,146	-0.5%
Expenses	$599,556	$344,143	+0.7%
Net Income	$-283,852	$286,003	-2.0%

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

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	Role	Reportable Comp	Other Comp	Total
AMY GURANGO	President	Officer Director	$0	$0	$0
SUE SYWAK	Vice President	Officer Director	$0	$0	$0
JANE PAUL	Vice President	Officer Director	$0	$0	$0
RACHAEL MARTINEZ	Vice President	Officer Director	$0	$0	$0
THUY KUDSI	Treasurer	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	$315,704	$599,556	$389,774	$-283,852
2024	No data	No data	No data	No data
2023	$401,903	$298,780	$668,662	$103,123
2022	$278,374	$259,141	$565,539	$19,233
2021	$268,654	$233,650	$546,718	$35,004
2020	$321,738	$357,728	$511,714	$-35,990
2019	$310,827	$335,778	$547,704	$-24,951
2018	$347,109	$362,915	$572,655	$-15,806