HOPE HAPPENS 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

2004

Legal Domicile

Principal Officer

WENDY CHROMOGA

Phone

3147253888

Tax Period

2023-01-01 to 2023-12-31

HOPE HAPPENS INC, founded in 2004, is a small nonprofit in the Diseases & Disorders sector that reported $272K in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $238K left a modest 13% surplus.

Mission

THE EXEMPT PURPOSE OF HOPE HAPPENS IS TO IMPROVE THE LIVES OF PEOPLE WITH NEURODEGENERATIVE DISORDERS BY PROMOTING COLLABORATIVE, TRANSLATIONAL RESEARCH WITH THE POTENTIAL TO FAST-TRACK NEW TREATMENTS AND CURES.

Program Service Accomplishments

Program 1

Expenses: $100,000

WE ENHANCE THE LIVES OF PEOPLE WITH NEUROLOGIGAL DISORDERS BY FINANCIALLY SUPPORTING COLLABORATIVE RESEARCH AT THE HOPE CENTER FOR NEUROLOGICAL DISORDERS AT WASHINGTON UNVERSITY SCHOOL OF MEDICINE...

WE ENHANCE THE LIVES OF PEOPLE WITH NEUROLOGIGAL DISORDERS BY FINANCIALLY SUPPORTING COLLABORATIVE RESEARCH AT THE HOPE CENTER FOR NEUROLOGICAL DISORDERS AT WASHINGTON UNVERSITY SCHOOL OF MEDICINE. AT THIS CUTTING-EDGE FACILITY SCIENTISTS SEEK NEW TREATMENTS AND CURES FOR DISABLING NEUROLOGICAL DISORDERS LIKE ALS, ALZHEIMER'S DISEASE, AUTISM, MULTIPLE SCLEROSIS, PARKINSON'S DISEASE, HUNTINGTON'S DISEASE, MUSCULAR DYSTROPHY, CEREBRAL PALSY, EPILEPSY, STROKE, BRAIN AND SPINAL CORD INJURY, AS WELL AS MANY OTHER NEUROLOGICAL DISEASES. OUR CROSS-DISEASE, TRANSLATIONAL, AND COLLABORATIVE APPROACH TO RESEARCH WILL LEAD TO SWIFTER RESULTS, AND FUNDAMENTAL DISCOVERIES ABOUT ONE NEUROLOGICAL DISEASE WILL LEAD TO TREATMENTS AND CURES IN OTHERS.

Program 2

Expenses: $28,083

PROMOTING PUBLIC AWARENESS OF THE NEED FOR CURES AND THE PROSPECT OF ACHIEVING THEM THROUGH COLLABORATIVE TRANSLATIONAL RESEARCH, SOCIAL MEDIA, AND EVENTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $294,444

Program Service Revenue $0

Investment Income $12,464

Other Revenue $-34,866

TOTAL REVENUE $272,042

Expense Breakdown

Grants Paid $100,000

Salaries & Benefits $87,729

Fundraising Expenses $39,018

Program Expenses $128,083

Other Expenses $50,292

TOTAL EXPENSES $238,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,042	$186,931	+0.5%
Expenses	$238,021	$225,285	+0.1%
Net Income	$34,021	$-38,354	-1.9%

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

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

$81,426

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HANNAH SAYERS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARK MENGHINI	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
COLBY SCHMID	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER THERRIEN	SECRETARY	2.00	Officer Director	$0	$0	$0
DANIEL BOSCH	DIRECTOR	2.00	Director	$0	$0	$0
KAREN CASH	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK CULLITY	DIRECTOR	2.00	Director	$0	$0	$0
ANDREW EASTMAN	DIRECTOR	2.00	Director	$0	$0	$0
LEIGH HOBLER GERARD	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT HARRISON	DIRECTOR	2.00	Director	$0	$0	$0
T WILLIAM HIZAR	DIRECTOR	2.00	Director	$0	$0	$0
ABIGAIL MILLER	DIRECTOR	2.00	Director	$0	$0	$0
JOSH REINERT	DIRECTOR	2.00	Director	$0	$0	$0
RYAN WHITTINGTON	DIRECTOR	2.00	Director	$0	$0	$0
WENDY CHROMOGA	DIRECTOR OF OPERATIONS	40.00	Officer	$57,834	$0	$57,834
MELISSA SORENSEN	DIR. OF MARKETING & COMMUNICATIONS	20.00	Officer	$23,592	$0	$23,592

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	$272,042	$238,021	$249,280	$34,021
2022	$186,931	$225,285	$213,644	$-38,354
2021	$298,233	$279,972	$251,604	$18,261
2020	$245,795	$230,232	$232,995	$15,563
2019	$264,929	$282,324	$218,008	$-17,395
2018	$308,333	$346,636	$236,107	$-38,303