GATHERING HOPE HOUSE (EIN 200550847) - Form 990 Financial Analysis & Trantor Score

🔒

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

Financial Trends

Organization Details

Formation Year

2003

Legal Domicile

Principal Officer

SHARQUENTA RICHARDSON

Phone

4402337400

Tax Period

2023-07-01 to 2024-06-30

GATHERING HOPE HOUSE, founded in 2003, is a small nonprofit in the Mental Health sector that reported $491K in total revenue in fiscal year 2023. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $421K left a modest 14% surplus.

Mission

TO ENCOURAGE MENTAL HEALTH CONSUMERS TO JOIN TOGETHER AND INSPIRE AND SUPPORT ONE ANOTHERS GROWTH AND RECOVERY

🔒

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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $487,509

Program Service Revenue $2,798

Investment Income $0

Other Revenue $711

TOTAL REVENUE $491,018

Expense Breakdown

Grants Paid $0

Salaries & Benefits $312,939

Fundraising Expenses $2,770

Program Expenses $370,289

Other Expenses $107,994

TOTAL EXPENSES $420,933

Year-over-Year Comparison

	2023	2022	Change
Revenue	$491,018	$297,176	+0.7%
Expenses	$420,933	$409,163	+0.0%
Net Income	$70,085	$-111,987	-1.6%

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

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

Total Directors

Key Employees

$70,615

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WALT SCHMITZ	PRESIDENT	4.00	Officer Director	$0	$0	$0
KARIN KOMAR	SECRETARY	4.00	Officer Director	$0	$0	$0
CHARITY THOMAS	TREASURER	4.00	Officer Director	$0	$0	$0
WHITNEY OLIVER	EXECUTIVE DIRECTOR	40.00	Key Emp	$70,615	$0	$70,615
MELISSA MACK	TRUSTEE	4.00	Director	$0	$0	$0
SUMMER DEICHLER	TRUSTEE	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
2025	No data	No data	No data	No data
2024	$491,018	$420,933	$221,587	$70,085
2023	$297,176	$409,163	$156,020	$-111,987
2022	$491,592	$450,240	$267,332	$41,352
2021	$476,219	$355,403	$226,024	$120,816
2020	$505,320	$494,423	$107,692	$10,897
2019	$514,462	$469,165	$108,403	$45,297
2018	$516,559	$514,695	$66,162	$1,864

GATHERING HOPE HOUSE