Hope for New Haven Inc (EIN 061614992) - 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

2001

Legal Domicile

Phone

2038654673

Tax Period

2024-01-01 to 2024-12-31

Hope for New Haven Inc, founded in 2001, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 49% from the prior year, signaling strong growth momentum. Expenses of $2.9M left a modest 6% surplus.

Mission

PROVIDES CHILDCARE AFTER SCHOOL TUTORIAL AND SUMMER CAMP 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 $1,822,926

Program Service Revenue $1,214,504

Investment Income $11,739

Other Revenue $0

TOTAL REVENUE $3,049,169

Expense Breakdown

Grants Paid $500,973

Salaries & Benefits $1,859,270

Fundraising Expenses $0

Program Expenses $1,715,297

Other Expenses $497,893

TOTAL EXPENSES $2,858,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,049,169	$2,051,548	+0.5%
Expenses	$2,858,136	$2,246,614	+0.3%
Net Income	$191,033	$-195,066	-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

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

$85,000

Total Directors

$197,959

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGIA GOLDBURN	EXECUTIVE DIRECTOR	50.00	Officer	$85,000	$0	$85,000
TAMESHA ROBINSON	MEMBER AT LARGE	40.00	Director	$85,060	$0	$85,060
DOROTHY ONOFRIO	MEMBER AT LARGE	40.00	Director	$35,817	$0	$35,817
TRICIA GOLDBURN	MEMBER AT LARGE	5.00	Director	$77,082	$0	$77,082
CHRISTOPHER PROKOP	SECRETARY	4.00	Officer Director	$0	$0	$0
CONTE ROBINSON	PRESIDENT	4.00	Director	$0	$0	$0
SCOTT NEWGASS LCSW	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
DESSARA BRYANT	MEMBER AT LARGE	4.00	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
2024	$3,049,169	$2,858,136	$1,614,115	$191,033
2023	$2,051,548	$2,246,614	$2,206,347	$-195,066
2022	$1,688,027	$1,246,985	$597,703	$441,042
2021	$1,328,102	$1,369,067	$287,831	$-40,965
2020	$992,890	$1,014,699	$282,675	$-21,809

Hope for New Haven Inc