HOPE AT THE LAKE FOUNDATION (EIN 201489132) - Form 990 Financial Analysis & Trantor Score

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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

Legal Domicile

Principal Officer

LAURA GARRISON

Phone

4042298264

Tax Period

2024-08-01 to 2025-07-31

HOPE AT THE LAKE FOUNDATION, founded in 2004, is a small nonprofit in the Diseases & Disorders sector that reported $243K in total revenue in fiscal year 2024. Revenue surged 84% from the prior year, signaling strong growth momentum. Expenses of $226K left a modest 7% surplus.

Mission

HOPE AT THE LAKE IS A 501(C)(3) NON-PROFIT ORGANIZATION COMMITTED TO IMPROVING THE LIVES OF OUR LAKE NORMAN NEIGHBORS IN NEED. OUR MISSION IS TO FACILITATE A "COMMUNITY OF CARING" BY CONNECTING COMPASSIONATE DONORS WITH IMMEDIATE COMMUNITY NEED.

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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 $30,576

Program Service Revenue $0

Investment Income $3

Other Revenue $212,161

TOTAL REVENUE $242,740

Expense Breakdown

Grants Paid $201,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $201,000

Other Expenses $24,603

TOTAL EXPENSES $225,603

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,740	$131,685	+0.8%
Expenses	$225,603	$162,923	+0.4%
Net Income	$17,137	$-31,238	-1.5%

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

N/A

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK BALDASARE	VICE PRESIDE	N/A	Officer	$0	$0	$0
CAROLINE DEWITT	SECRETARY/SO	N/A	Officer	$0	$0	$0
LAURA GARRISON	TREASURER	N/A	Officer	$0	$0	$0
FORREST WILSON	PRESIDENT	N/A	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
2025	$242,740	$225,603	$82,266	$17,137
2024	$131,685	$162,923	$66,392	$-31,238
2023	$135,686	$113,039	$97,630	$22,647

HOPE AT THE LAKE FOUNDATION