MAXIMUM HOPE FOUNDATION C/O TAYLOR… - Form 990 Financial Data

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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

2006

Legal Domicile

Principal Officer

BRAD GARRETT

Phone

3104759520

Tax Period

2023-01-01 to 2023-12-31

MAXIMUM HOPE FOUNDATION C/O TAYLOR AND LIEBERMAN AAC, founded in 2006, is a small nonprofit in the Diseases & Disorders sector that reported $162K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $282K exceeded revenue, resulting in a 75% operating deficit.

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO NEEDY FAMILIES WITH CHILDREN WHO ARE CRITICALLY ILL SO THAT PARENT(S) CAN OPTIMIZE THE TIME SPENT WITH SUCH CHILDREN. GENERALLY, SUCH FINANCIAL ASSISTANCE WILL BE USED TO HELP FAMILIES COVER EXPENSES SUCH AS RENT/MORTGAGE, GROCERIES, CHILD CARE(FOR SIBLINGS), TRAVEL, CLEANING SERVICES AND ITEMS THAT WOULD PROVIDE JOY OR COMFORT TO THE ILL CHILD.

Program Service Accomplishments

Program 1

Expenses: $60,042

PROVIDED FINANCIAL ASSISTANCE TO SEVERAL NEEDY FAMILIES WITH CHILDREN WHO ARE CRITICALLY ILL BY PAYING FOR THE FAMILIES' PERSONAL EXPENSES.

Program 2

Expenses: $162,127 Revenue: $154,370

THE FOUNDATION RECEIVED CONTRIBUTIONS TOTALING $154,370 DURING THE YEAR AND WAS ABLE TO ASSIST FAMILIES WITH THEIR MORTGAGE PAYMENTS, RENT OR OTHER LIVING EXPENSES SO PARENTS CAN FOCUS ON WHAT IS...

THE FOUNDATION RECEIVED CONTRIBUTIONS TOTALING $154,370 DURING THE YEAR AND WAS ABLE TO ASSIST FAMILIES WITH THEIR MORTGAGE PAYMENTS, RENT OR OTHER LIVING EXPENSES SO PARENTS CAN FOCUS ON WHAT IS MOST IMPORTANT FOR THEIR CHILD. WE ALSO PROVIDE ITEMS OF HOPE FOR CHILDREN AND FAMILIES TO ENSURE THEY KNOW THEY ARE NOT ALONE.

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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 $154,370

Program Service Revenue $0

Investment Income $7,258

Other Revenue $0

TOTAL REVENUE $161,628

Expense Breakdown

Grants Paid $222,169

Salaries & Benefits $29,272

Fundraising Expenses $0

Program Expenses $222,169

Other Expenses $30,904

TOTAL EXPENSES $282,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,628	$379,652	-0.6%
Expenses	$282,345	$234,809	+0.2%
Net Income	$-120,717	$144,843	-1.8%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD GARRETT	PRESIDENT, CEO, CFO	1.00	Officer 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	No data	No data	No data	No data
2023	$161,628	$282,345	$216,161	$-120,717
2022	$379,652	$234,809	$336,878	$144,843
2021	$196,381	$231,782	$192,035	$-35,401
2020	$147,208	$134,915	$227,436	$12,293
2019	$228,835	$134,068	$215,143	$94,767

MAXIMUM HOPE FOUNDATION C/O TAYLOR AND LIEBERMAN AAC