HOPE INITIATIVES CDC INCORPORATED

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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 HELPS RESTORE LIVES DAMAGED BY INCARCERATIONS, ADDICTIONS, AND POVERTY THROUGH EMPLOYMENT, SKILLS TRAINING, BIBLICAL DISCIPLESHIP, ENCOURAGEMENT, AND HOPE.

Program Service Accomplishments

Program 1

Expenses: $808,771 Revenue: $761,693

HOPE INITIATIVES WAREHOUSE PROVIDES CLIENTS OF THE MONROE COUNTY DEPARTMENT OF SOCIAL SERVICES AND OF OTHER LOCAL AGENCIES WITH EMERGENCY FURNITURE AND HOUSEHOLD ITEMS, AND MOVING AND STORAGE...

HOPE INITIATIVES WAREHOUSE PROVIDES CLIENTS OF THE MONROE COUNTY DEPARTMENT OF SOCIAL SERVICES AND OF OTHER LOCAL AGENCIES WITH EMERGENCY FURNITURE AND HOUSEHOLD ITEMS, AND MOVING AND STORAGE SERVICES. WE SERVED MORE THAN 1,600 FAMILIES AND INDIVIDUALS IN 2023-24. HOPE INITIATIVES PROVIDES CARPENTRY, WELDING, AND CNC SKILLS EXPERIENCES TO COMMUNITY SERVICE VOLUNTEERS AND OTHERS WITHIN THE GREATER MONROE COUNTY AREA. ALL PROGRAMS AND SERVICES OPERATE 5 DAYS PER WEEK.HOPE INITIATIVES PURCHASES, RENOVATES AND MAINTAINS HOMES TO PROVIDE SUPPLEMENTAL INCOME IN SUPPORT OF OTHER PROGRAM SERVICE AREAS.

Program 2

Expenses: $83,798 Revenue: $128,204

THE HOPE WORKS PROGRAM WAS ESTABLISHED IN 2022. IT BUILDS UPON OUR EXPERIENCE IN PROVIDING WORK EXPERIENCES AND COACHING TO W.E.P. PARTICIPANTS FOR MANY YEARS. HOPE WORKS IS A FULL TIME 12-WEEK...

THE HOPE WORKS PROGRAM WAS ESTABLISHED IN 2022. IT BUILDS UPON OUR EXPERIENCE IN PROVIDING WORK EXPERIENCES AND COACHING TO W.E.P. PARTICIPANTS FOR MANY YEARS. HOPE WORKS IS A FULL TIME 12-WEEK WORKFORCE DEVELOPMENT PROGRAM DESIGNED TO PREPARE INDIVIDUALS AGES 18+ FOR MEANINGFUL EMPLOYMENT THROUGH EMPLOYABILITY SKILLS TRAINING AND THROUGH HANDS-ON OCCUPATIONAL SKILLS TRAINING IN BASIC WOODWORKING, WELDING, AND CNC MACHINING. UPON TRAINING COMPLETION, PARTICIPANTS ARE CONNECTED WITH EMPLOYER PARTNERS FOR FULL TIME EMPLOYMENT. THE PROGRAM IS DESIGNED TO SERVE INDIVIDUALS WHO ARE IN RE-ENTRY FROM INCARCERATION, RECOVERING FROM SUBSTANCE USE DISORDERS, CHRONICALLY UNEMPLOYED, AGE 18 - 24 WHO ARE AT RISK FOR GUN VIOLENCE, OR REFERRED BY THE DEPARTMENT OF SOCIAL SERVICES. IN ITS MORE THAN TWELVE MONTHS OF OPERATION HOPE WORKS HAS ENROLLED 99 INDIVIDUALS, OF WHOM 50% ATTENDED THE PROGRAM AND APPROXIMATELY 20% GAINED EMPLOYMENT.

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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