HANSON, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)NEW HOPE CORRECTIONAL MINISTRY, founded in 2006, is a small nonprofit in the Religion sector that reported $335K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $293K left a modest 12% surplus.
PROVIDE CHAPLAINCY SERVICES TO INMATES & WORKERS ASSOCIATED WITH CORRECTIONAL FACILITIES.
TWO CHAPLAINS PROVIDED DIRECT CHAPLAINCY SERVICES TO HUNDREDS OF FAMILY UNITS INCLUDING THOSE OF CURRENT AND FORMER INMATES, CURRENT WORKERS WITHIN THE PLYMOUTH COUNTY CORRECTIONAL FACILITY, AND THE...
TWO CHAPLAINS PROVIDED DIRECT CHAPLAINCY SERVICES TO HUNDREDS OF FAMILY UNITS INCLUDING THOSE OF CURRENT AND FORMER INMATES, CURRENT WORKERS WITHIN THE PLYMOUTH COUNTY CORRECTIONAL FACILITY, AND THE OFFICERS & STAFF ASSOCIATED WITH THE PLYMOUTH COUNTY SHERIFF'S OFFICE AND OTHER LAW ENFORCEMENT ASSOCIATED WITH CORRECTIONAL FACILITIES. FINANCIAL ASSISTANCE IS PROVIDED TO INMATES, FORMER INMATES, OR THE FAMILIES OF CURRENT OR FORMER INMATES. THE MOST COMMON AREA OF DIRECT FINANCIAL ASSISTANCE IS RENTAL/HOUSING ASSISTANCE. AUTO AND OTHER VARIOUS PERSONAL NEEDS ARE BEING PROVIDED ON A VERY LIMITED BASIS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $334,774 | $239,484 | +0.4% |
| Expenses | $293,212 | $275,336 | +0.1% |
| Net Income | $41,562 | $-35,852 | -2.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DANIEL CROCE | EXEC DIRECTO | 40.00 |
Officer
Director
|
$72,509 | $0 | $72,509 |
| JOHN KLEFEKER | TREASURER | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| DAN MCCORMACK | CLERK | 0.50 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $334,774 | $293,212 | $448,159 | $41,562 |
| 2023 | $239,484 | $275,336 | $412,311 | $-35,852 |
| 2022 | $266,659 | $242,455 | $442,545 | $24,204 |
| 2021 | $239,326 | $178,541 | $432,033 | $60,785 |
| 2020 | $234,399 | $177,029 | $361,018 | $57,370 |
| 2019 | $233,644 | $172,998 | $303,233 | $60,646 |
| 2018 | $249,287 | $234,564 | $237,685 | $14,723 |
Compare NEW HOPE CORRECTIONAL MINISTRY with other nonprofits in Massachusetts and across the country.