HOPE NICARAGUA INC

EIN: 202987452 501(c)(3)

FAIRFAX, VA

Total Revenue
$7,394
Total Expenses
$256,938
Total Assets
N/A
Net Assets
N/A
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
VA
Principal Officer
TAE W LIM
Phone
7037257150
Tax Period
2019-01-01 to 2019-12-31

HOPE NICARAGUA INC, founded in 2005, is a small nonprofit that reported $142K in total revenue in fiscal year 2018. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $124K left a modest 13% surplus.

Mission

HOPE NICARAGUA IS A MISSION ORGANIZATION THAT IS CHRIST-CENTERED, PEOPLE-CENTERED, AND CHURCH-CENTERED. THROUGH EDUCATION MINISTRY, CARING MINISTRY, PASTORAL TRAINING MINISTRY, AND CHURCH SUPPORT MINISTRY, WE SERVE THE PEOPLE OF NICARAGUA TO BRING HOPE AND SPREAD THE LOVE OF CHRIST IN NICARAGUA.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2019)

Revenue Breakdown

Contributions & Grants $7,290
Program Service Revenue $0
Investment Income $104
Other Revenue $0
TOTAL REVENUE $7,394

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $255,785
Other Expenses $256,938
TOTAL EXPENSES $256,938

Year-over-Year Comparison

2019 2018 Change
Revenue $7,394 $141,544 -0.9%
Expenses $256,938 $123,591 +1.1%
Net Income $-249,544 $17,953 -14.9%
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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TAE W LIM PRESIDENT 5.00
Officer
$0 $0 $0
GIL KIM TREASURER 1.00
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
2019 $7,394 $256,938 No data $-249,544
2018 $141,544 $123,591 $249,544 $17,953
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