My Hope Chest

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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

2003

Legal Domicile

Principal Officer

Alisa Savoretti

Phone

7276424243

Tax Period

2020-07-01 to 2021-06-30

My Hope Chest, founded in 2003, is a micro nonprofit in the Health Care sector that reported $81K in total revenue in fiscal year 2020. Revenue fell 60% from the prior year — a significant decline worth monitoring. Expenses of $484K exceeded revenue, resulting in a 495% operating deficit.

Mission

MY HOPE CHEST PROVIDES FUNDING FOR BREAST RECONSTRUCTION SURGERY TO WOMEN WHO HAVE SURVIVED BREAST CANCER MASTECTOMY BUT LACK INSURANCE OR FINANCIAL MEANS TO COVER THEIR SHARE OF THE COST TO EDUCATE ON RECONSTRUCTION OPTIONS. WE ALSO ASSIST CLIENTS WITH NON-MEDICAL BILLS. OUR MISSION RESTORES SELF ESTEEM, DIGNITY CONFIDENCE AFTER CANCER.

Program Service Accomplishments

Program 1

Expenses: $224,973

My Hope Chest MHC provides financial assistance to breast cancer survivors in need of reconstructive surgery without insurance or funds to cover their share of the cost. MHC also assists with some...

My Hope Chest MHC provides financial assistance to breast cancer survivors in need of reconstructive surgery without insurance or funds to cover their share of the cost. MHC also assists with some medical and non-medical bill payments. MHC navigates applicants through one or more years of 3 surgeries and educates them on their sugery options. MHCs program operates by appealing to surgeons to provide their services free of charge or at the Medicaid rate. Because of their generosity, many women have been able to feel whole again and positive about themselves. The in-kind donations for surgeries and related services totaled 37,500. See Schedule O for additional information.

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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 (2020)

Revenue Breakdown

Contributions & Grants $81,316

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $81,319

Expense Breakdown

Grants Paid $48,485

Salaries & Benefits $419,686

Fundraising Expenses $123,356

Program Expenses $224,973

Other Expenses $15,588

TOTAL EXPENSES $483,759

Year-over-Year Comparison

	2020	2019	Change
Revenue	$81,319	$205,469	-0.6%
Expenses	$483,759	$213,094	+1.3%
Net Income	$-402,440	$-7,625	+51.8%

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

$57,052

Total Directors