HOPE'S OUTLET MINISTRIES INC

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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

2005

Legal Domicile

Principal Officer

TIMOTHY TABOR

Phone

2315573777

Tax Period

2024-01-01 to 2024-12-31

HOPE'S OUTLET MINISTRIES INC, founded in 2005, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024.

Mission

PROVIDE FOR THE PHYSICAL AND SPIRITUAL NEEDS OF THE UNDER-RESOURCED IN OUR LOCAL COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $1,671,167 Revenue: $1,824,208

LOCATED IN LOW-INCOME NEIGHBORHOODS, OUR THRIFT STORE CENTERS INTERFACE WITH 300-500 PEOPLE PER DAY. ROUGHLY 90 OF THESE CLIENTS ARE LOW INCOME AND APPORIXIMATELY 75OF THESE RECEIVE SOME FORM OF...

LOCATED IN LOW-INCOME NEIGHBORHOODS, OUR THRIFT STORE CENTERS INTERFACE WITH 300-500 PEOPLE PER DAY. ROUGHLY 90 OF THESE CLIENTS ARE LOW INCOME AND APPORIXIMATELY 75OF THESE RECEIVE SOME FORM OF GOVERNMENT ASSISTANCE. WE ARE THE LOW COST PROVIDER OF BAIC PHYSICAL NEED ITEMS SUCH AS CLOTHES, HOUSEHOLD NECESSITIES SUCH AS BEDS, FURNITURE, LINENS AND KITCHENWARE.

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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 $1,940

Program Service Revenue $0

Investment Income $1,628

Other Revenue $1,820,639

TOTAL REVENUE $1,824,207

Expense Breakdown

Grants Paid $0

Salaries & Benefits $959,202

Fundraising Expenses $0

Program Expenses $1,671,167

Other Expenses $839,610

TOTAL EXPENSES $1,798,812

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,824,207	$1,693,583	+0.1%
Expenses	$1,798,812	$1,801,664	0.0%
Net Income	$25,395	$-108,081	-1.2%

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

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

Total Directors

$99,039

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHANIE TABOR	PRESIDENT/OPS	040.00	Director	$99,039	$0	$99,039
DERON NELSON	MANAGER	001.00	Director	$0	$0	$0
LARRY HOUSEMAN	DIRECTOR	001.00	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	$1,824,207	$1,798,812	$426,631	$25,395
2023	$1,693,583	$1,801,664	$417,710	$-108,081
2022	$1,672,678	$1,514,403	$549,404	$158,275
2021	$1,514,646	$1,403,168	$391,217	$111,478
2020	$1,290,426	$1,221,627	$134,692	$68,799
2019	$1,222,665	$1,239,970	$75,372	$-17,305
2018	$1,165,058	$1,162,899	$89,592	$2,159