HAGOOD HOPE FOR CHILDREN INC

EIN: 201319345 501(c)(3) Philanthropy & Grantmaking

WILMINGTON, NC

Total Revenue
$223,000
Total Expenses
$182,535
Total Assets
$43,767
Net Assets
$43,767
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
NC
Principal Officer
PATRICK KENNEDY
Phone
9102568284
Tax Period
2023-01-01 to 2023-12-31

HAGOOD HOPE FOR CHILDREN INC, founded in 2004, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $223K in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $40K, a strong 18% operating margin.

Mission

HAGOOD HOPE FOR CHILDREN DONATES FUNDS TO VARIOUS CHARTITABLE ORGANIZATIONS FOR THE PURPOSE OF PROVIDING FOOD, CLOTHING, SHELTER, MEDICAL AID AND COUNSELING TO NEEDY CHILDREN

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $223,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $223,000

Expense Breakdown

Grants Paid $181,750
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $181,750
Other Expenses $785
TOTAL EXPENSES $182,535

Year-over-Year Comparison

2023 2022 Change
Revenue $223,000 $123,000 +0.8%
Expenses $182,535 $126,185 +0.4%
Net Income $40,465 $-3,185 -13.7%
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

Sign In

Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA KENNEDY SECRETARY 1.00
Officer
$0 $0 $0
PATRICK KENNEDY PRESIDENT 1.00
Officer
$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 No data No data No data No data
2023 $223,000 $182,535 $43,767 $40,465
Explore More Nonprofits
→Top 100 Nonprofits in North Carolina →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HAGOOD HOPE FOR CHILDREN INC with other nonprofits in North Carolina and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.