THE REASON FOR OUR HOPE FOUNDATION

EIN: 201674258 501(c)(3) Religion

ERIE, PA

Total Revenue
$511,809
Total Expenses
$484,293
Total Assets
$1,172,650
Net Assets
$1,172,650
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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
PA
Principal Officer
MAUREEN TRABOLD
Phone
8144557364
Tax Period
2024-01-01 to 2024-12-31

THE REASON FOR OUR HOPE FOUNDATION, founded in 2004, is a small nonprofit in the Religion sector that reported $512K in total revenue in fiscal year 2024. Expenses of $484K left a modest 5% surplus.

Mission

TO FULFILL THE COMMAND OF CHRIST TO "GO AND MAKE DISCIPLES"

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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 $334,314
Program Service Revenue $164,928
Investment Income $9,250
Other Revenue $3,317
TOTAL REVENUE $511,809

Expense Breakdown

Grants Paid $37,479
Salaries & Benefits $222,050
Fundraising Expenses $11,148
Program Expenses $248,771
Other Expenses $224,764
TOTAL EXPENSES $484,293

Year-over-Year Comparison

2024 2023 Change
Revenue $511,809 $495,177 +0.0%
Expenses $484,293 $478,000 +0.0%
Net Income $27,516 $17,177 +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
9
Independent Members
9
Employees
5
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
11
$67,253
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FATHER LARRY RICHARDS PRESIDENT 20.00
Officer Director
$0 $0 $0
DEBRA A THOMPSON SECRETARY 1.00
Officer Director
$0 $0 $0
SCOTT L WALLEN BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL SCHAAF BOARD MEMBER 1.00
Director
$0 $0 $0
JOE PIZZINO BOARD MEMBER 1.00
Director
$0 $0 $0
MAUREEN TRABOLD EXECUTIVE DIRECTOR 40.00
Director
$67,253 $0 $67,253
JAMES MCCARTHY BOARD MEMBER 1.00
Director
$0 $0 $0
ERIK HISS BOARD MEMBER 1.00
Director
$0 $0 $0
ANDREW NOLL BOARD MEMBER 1.00
Director
$0 $0 $0
MIKE BISHOP BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN SAXON 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
2024 $511,809 $484,293 $1,172,650 $27,516
2023 $495,177 $478,000 $1,145,134 $17,177
2022 $550,938 $542,909 $1,130,703 $8,029
2021 $461,960 $468,990 $1,125,860 $-7,030
2020 $541,325 $456,751 $1,133,972 $84,574
2019 $456,437 $469,809 $1,054,473 $-13,372
2018 $450,680 $424,282 $1,065,061 $26,398
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