HOPE FOR HONDURAN CHILDREN FOUNDATION

EIN: 202432585 501(c)(3) Philanthropy & Grantmaking

Shaker Heights, OH

Total Revenue
$156,995
Total Expenses
$169,458
Total Assets
$744,200
Net Assets
$744,200
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
OH
Principal Officer
Karen Godt
Phone
2164031051
Tax Period
2024-01-01 to 2024-12-31

HOPE FOR HONDURAN CHILDREN FOUNDATION, founded in 2005, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $157K in total revenue in fiscal year 2024. Revenue fell 22% from the prior year — a significant decline worth monitoring. Net assets of $744K represent 57 months of operating reserves.

Mission

Our mission is to protect, inspire, nurture, educate, train, and challenge disadvantaged vulnerable Honduran children. We mentor and provide opportunities to help them reach their full potential and become self-sufficient, caring, responsible adults.

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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 $50,085
Program Service Revenue $78,246
Investment Income $28,664
Other Revenue $0
TOTAL REVENUE $156,995

Expense Breakdown

Grants Paid $104,892
Salaries & Benefits $45,334
Fundraising Expenses $227
Program Expenses $161,356
Other Expenses $19,232
TOTAL EXPENSES $169,458

Year-over-Year Comparison

2024 2023 Change
Revenue $156,995 $200,642 -0.2%
Expenses $169,458 $208,527 -0.2%
Net Income $-12,463 $-7,885 +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
8
Employees
1
Volunteers
100

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
1
$42,000
Total Directors
9
$42,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Karen Godt Executive Director 50
Officer Director
$42,000 $0 $42,000
John Godt Director 40
Director
$0 $0 $0
Michael Ausperk Director 0
Director
$0 $0 $0
Richard Bedell Director 0
Director
$0 $0 $0
Grant Cathcart Director 0
Director
$0 $0 $0
Yvonne Hsu Director 0
Director
$0 $0 $0
Mark LaRose Direstor 0
Director
$0 $0 $0
Hugh O'Neill IV Director 0
Director
$0 $0 $0
William Peacock Director 0
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 $156,995 $169,458 $744,200 $-12,463
2023 $200,642 $208,527 $743,333 $-7,885
2022 $233,469 $180,015 $732,996 $53,454
2021 $319,191 $152,331 $705,198 $166,860
2020 $164,461 $146,675 $533,203 $17,786
2019 $183,523 $190,769 $511,395 $-7,246
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