HANDS OF HOPE MINISTRIES INC

EIN: 010621770 501(c)(3)

WELCH, WV

Total Revenue
$101,719
Total Expenses
$112,483
Total Assets
N/A
Net Assets
N/A
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
WV
Principal Officer
JOSEPH WEBB
Tax Period
2023-01-01 to 2023-12-31

HANDS OF HOPE MINISTRIES INC, founded in 2002, is a small nonprofit that reported $102K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $112K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE A PATHWAY OF HOPE BY BUILDING RELATIONSHIPS AND REACHING OUT TO OTHERS WITH THE LOVE OF JESUS CHRIST

Program Service Accomplishments

Program 1
Expenses: $66,077

MISSIONARY SUPPORT. HANDS OF HOPE SUPPORTS VARIOUS OTHER MISSION TEAMS THAT VOLUNTEER THEIR TIME DURING THE YEAR. THE MISSIONARIES HELP BUILD RELATIONSHIPS IN THE COMMUNITY AND IDENTIFY AND SERVE...

Read more

MISSIONARY SUPPORT. HANDS OF HOPE SUPPORTS VARIOUS OTHER MISSION TEAMS THAT VOLUNTEER THEIR TIME DURING THE YEAR. THE MISSIONARIES HELP BUILD RELATIONSHIPS IN THE COMMUNITY AND IDENTIFY AND SERVE INDIVIDUALS AND FAMILIES IN NEED OF FOOD, CLOTHING, MEDICATION AND HOME REPAIR. THE MISSIONARIES CARRY THE MESSAGE OF THE GOSPEL TO WORK TO HELP MEET THE NEEDS OF PEOPLE AS WELL AS IMPLEMENT PROGRAMS TO ENCOURAGE AND STRENGTHEN INDIVIDUALS AND FAMILIES TO MAKE BETTER LIFE CHOICES. ADDITONALLY, THEY PROVIDE INSPIRATION AND DIRECTION TO INDIVIDUALS, GROUPS AND CHURCHES TO BECOME MORE INVOLVED IN THE MISSION FIELD.

Program 2
Expenses: $29,841

THE HOPE CHEST. THE HOPE CHEST IS AN OUTREACH MINISTRY OF HANDS OF HOPE (HOH) THAT PROVIDES A SERVICE TO ALL PEOPLE OF MCDOWELL COUNTY, WV. HANDS OF HOPE CURRENTLY OPERATES ONE HOPE CHEST STORE IN...

Read more

THE HOPE CHEST. THE HOPE CHEST IS AN OUTREACH MINISTRY OF HANDS OF HOPE (HOH) THAT PROVIDES A SERVICE TO ALL PEOPLE OF MCDOWELL COUNTY, WV. HANDS OF HOPE CURRENTLY OPERATES ONE HOPE CHEST STORE IN WELCH, WV. THROUGH THE HOPE CHEST, HOH PROVIDES CLOTHING, FURNITURE, HOUSEHOLD AND HYGIENE ITEMS. THE STORE SELLS MOSTLY DONATED ITEMS AS WELL AS A FEW ITEMS THAT HAVE BEEN PURCHASED BY HOH AT A SUBSTANTIAL DISCOUNT. INCOME GENERATED FROM THE STORE IS THEN USED TO FUND OTHER OUTREACH MINISTRIES AND PROJECTS IN MCDOWELL COUNTY SUCH AS THE LOCAL FOOD BANK, SCHOOLS, WOMENS SHELTERS AND LIBRARIES.

Program 3
Expenses: $10,658

FEEDING PROGRAMS. HANDS OF HOPE IS A GROUP OF COMMITTED SERVANTS OF GOD WORKING TO COLLECT AND DISTRIBUTE FOOD, CLOTHING AND SUPPLIES TO REACH OUT TO OTHERS. THE VARIOUS FEEDING PROGRAMS OF HOH...

Read more

FEEDING PROGRAMS. HANDS OF HOPE IS A GROUP OF COMMITTED SERVANTS OF GOD WORKING TO COLLECT AND DISTRIBUTE FOOD, CLOTHING AND SUPPLIES TO REACH OUT TO OTHERS. THE VARIOUS FEEDING PROGRAMS OF HOH FULFILL PART OF THIS MINISTRY BY DISTRIBUTING DONATED AND PURCHASED FOOD ITEMS TO FAMILIES IN NEED. HOH SUPORTS LOCAL CHURCHES AND FOOD PANTRIES AND SUPPLIES REDUCED COST FOOD BOXES TO FAMILES. ADDITIONALLY, FOOD IS OFTEN DISTRIBUTED DIRECTLY TO HOMES OF HUNGRY FAMILIES AS VOLUNTEERS AND MISSIONARIES VISIT AND MINISTER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $36,169
Program Service Revenue $63,675
Investment Income $0
Other Revenue $1,875
TOTAL REVENUE $101,719

Expense Breakdown

Grants Paid $0
Salaries & Benefits $36,466
Fundraising Expenses $0
Program Expenses $106,576
Other Expenses $76,017
TOTAL EXPENSES $112,483

Year-over-Year Comparison

2023 2022 Change
Revenue $101,719 $107,510 -0.1%
Expenses $112,483 $135,574 -0.2%
Net Income $-10,764 $-28,064 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
9
Independent Members
9
Employees
4
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
2
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUE STONE DIRECTOR 1.00
Director
$0 $0 $0
CHRISTOPHER ASTIN DIRECTOR 1.00
Director
$0 $0 $0
STEVE MCCLAIN DIRECTOR 1.00
Director
$0 $0 $0
KAY GATLIN DIRECTOR 1.00
Director
$0 $0 $0
NORM BAUER DIRECTOR 1.00
Director
$0 $0 $0
CRYSTAL GREEN EXECUTIVE DIRECTOR 40.00
Director
$0 $0 $0
LINDA S STUART DIRECTOR 1.00
Director
$0 $0 $0
JOSEPH WEBB PRESIDENT 20.00
Officer
$0 $0 $0
ERIC LEE VICE PRESIDENT 1.00
Officer
$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
2023 $101,719 $112,483 No data $-10,764
2022 $107,510 $135,574 $88,335 $-28,064
2021 $232,980 $188,120 $118,051 $44,860
Explore More Nonprofits
Top 100 Nonprofits in West Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HANDS OF HOPE MINISTRIES INC with other nonprofits in West Virginia and across the country.