HOPE INITIATIVES CDC INCORPORATED (EIN 030374933) - 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

2002

Legal Domicile

Principal Officer

TIM MCCLURE

Phone

5852321136

Tax Period

2023-10-01 to 2024-09-30

HOPE INITIATIVES CDC INCORPORATED, founded in 2002, is a community nonprofit in the Education sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year.

Mission

HOPE INITIATIVES ENVISIONS THE DAY WHEN "RECEIVERS" HAVE BECOME "GIVERS". THIS HAPPENS WHEN THOSE WHO DEPEND UPON SOME FORM OF SOCIAL SERVICE SUPPORT TO MEET BASIC NEEDS HAVE BECOME SELF-SUFFICIENT AND ABLE TO MEET THEIR OWN NEEDS, AND ARE THEN WILLING AND ABLE TO LEND A HAND TO THOSE WHO CANNOT YET HELP THEMSELVES. WE HELP RECEIVERS BREAK THE CYCLE OF DEPENDENCY BY SERVING OTHERS, DEVELOPING SKILLS, AND THINKING DIFFERENTLY ABOUT THEIR POTENTIAL.

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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 $142,681

Program Service Revenue $889,897

Investment Income $-7,032

Other Revenue $54,286

TOTAL REVENUE $1,079,832

Expense Breakdown

Grants Paid $50

Salaries & Benefits $465,041

Fundraising Expenses $0

Program Expenses $892,569

Other Expenses $677,832

TOTAL EXPENSES $1,142,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,079,832	$1,144,472	-0.1%
Expenses	$1,142,923	$1,099,842	+0.0%
Net Income	$-63,091	$44,630	-2.4%

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

$105,564

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI SOUSA-MEIXELL	BOARD VICE CHAIRPERSON - RESIGNED DURING YEAR	1.00	Officer Director	$0	$0	$0
ERIC NAGLE	BOARD CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MICHAEL OLSON	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
MICHAEL SHIPMAN	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
ARNIS SPRANCMANIS	BOARD SECRETARY	1.00	Officer Director	$0	$0	$0
WAYNE COLEMAN	DIRECTOR AT LARGE - RESIGNED DURING YEAR	1.00	Director	$0	$0	$0
JERRY BEILAWSKI	DIRECTOR AT LARGE - JOINED DURING YEAR	1.00	Director	$0	$0	$0
DAVID DEY	FINANCE DIRECTOR	10.00	Officer	$31,875	$0	$31,875
DALE SEDGWICK	CEO - THRU 3/31/24	37.50	Officer	$39,362	$0	$39,362
TIM MCCLURE	CEO	37.50	Officer	$34,327	$0	$34,327

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	$1,079,832	$1,142,923	$480,465	$-63,091
2023	$1,144,472	$1,099,842	$558,976	$44,630
2022	$915,722	$1,110,036	$542,342	$-194,314
2021	$915,116	$935,734	$802,861	$-20,618
2020	$1,101,445	$1,118,573	$827,102	$-17,128
2019	$1,213,476	$1,160,859	$752,894	$52,617
2018	$1,289,277	$1,224,371	$699,296	$64,906

HOPE INITIATIVES CDC INCORPORATED