CENTER OF HOPE FAMILY SERVICES

EIN: 200955193 501(c)(3) Human Services

TOLEDO, OH

Total Revenue
$1,570,822
Total Expenses
$1,503,878
Total Assets
$386,652
Net Assets
$127,276
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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
2004
Principal Officer
TRACEE PERRYMAN
Phone
4198614400
Tax Period
2024-07-01 to 2025-06-30

CENTER OF HOPE FAMILY SERVICES, founded in 2004, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $1.5M left a modest 4% surplus.

Mission

TO IMPROVE THE LIFE OUTCOMES OF INDIVIDUALS AND FAMILIES LIVING IN URBAN SETTINGS.

Program Service Accomplishments

Program 1
Expenses: $1,361,320

PROGRAMMING INCLUDES BUT IS NOT LIMITED TO PROVIDING FAMILY EDUCATION, WORKFORCE DEVELOPMENT, ADULT MENTORING AND EDUCATION ENRICHMENT AND TUTORING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,570,822
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,570,822

Expense Breakdown

Grants Paid $0
Salaries & Benefits $634,184
Fundraising Expenses $21,150
Program Expenses $1,361,320
Other Expenses $869,694
TOTAL EXPENSES $1,503,878

Year-over-Year Comparison

2024 2023 Change
Revenue $1,570,822 $1,386,790 +0.1%
Expenses $1,503,878 $1,344,649 +0.1%
Net Income $66,944 $42,141 +0.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
14
Volunteers
12

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
3
$144,399
Total Directors
5
$144,399
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TRACEE PERRYMAN EXECUTIVE DI 40.00
Officer Director
$134,527 $9,872 $144,399
FLETCHER WOOD BOARD PRESID 1.00
Officer Director
$0 $0 $0
LARRY STEGALL VICE PRESIDE 1.00
Officer Director
$0 $0 $0
AMANDA GOLDSMITH BOARD MEMBER 1.00
Director
$0 $0 $0
REGINALD TEMPLE BOARD MEMBER 1.00
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 $1,570,822 $1,503,878 $386,652 $66,944
2024 $1,386,790 $1,344,649 $419,587 $42,141
2023 $1,262,351 $1,389,954 $191,987 $-127,603
2022 $1,445,224 $1,350,234 $238,763 $94,990
2021 $1,208,489 $1,068,689 $281,129 $139,800
2020 $864,890 $970,376 $189,512 $-105,486
2019 $884,579 $871,548 $127,747 $13,031
2018 $811,804 $795,287 $155,178 $16,517
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