HOPE FOR CHILDREN RESEARCH FOUND

EIN: 223326881 501(c)(3) Diseases & Disorders

RAMSEY, NJ

Total Revenue
$266,013
Total Expenses
$235,374
Total Assets
$98,082
Net Assets
$92,082
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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
1985
Legal Domicile
NJ
Principal Officer
MARGARET MINASSIAN
Phone
2019628686
Tax Period
2024-01-01 to 2024-12-31

HOPE FOR CHILDREN RESEARCH FOUND, founded in 1985, is a small nonprofit in the Diseases & Disorders sector that reported $266K in total revenue in fiscal year 2024. Revenue surged 40% from the prior year, signaling strong growth momentum. Expenses of $235K left a modest 12% surplus.

Mission

TO PROVIDE FUNDING FOR CONTINUED RESEARCH IN PEDIATRIC NEUROLOGICAL DISEASES AT THE COLUMBIA PRESBYTERIAN HOSPITAL

Program Service Accomplishments

Program 1
Expenses: $75,000

THE FOUNDATION PROVIDES ANNUAL FUNDING RANGING FROM 50,000 UP TO 300,000 BASED UPON REVENUE RAISED AND BUDGET REQUESTS MADE BY THE LABORATORY. IN ADDITION, THE FOUNDATION MAY PROVIDE UP TO AN...

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THE FOUNDATION PROVIDES ANNUAL FUNDING RANGING FROM 50,000 UP TO 300,000 BASED UPON REVENUE RAISED AND BUDGET REQUESTS MADE BY THE LABORATORY. IN ADDITION, THE FOUNDATION MAY PROVIDE UP TO AN ADDITIONAL 10,000 TO COVER AN ANNUAL LECTURE SERIES WHICH DRAWS NOTED SPEAKERS AND GUESTS.

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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 $13,820
Program Service Revenue $0
Investment Income $570
Other Revenue $251,623
TOTAL REVENUE $266,013

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,230
Fundraising Expenses $0
Program Expenses $75,000
Other Expenses $130,144
TOTAL EXPENSES $235,374

Year-over-Year Comparison

2024 2023 Change
Revenue $266,013 $190,540 +0.4%
Expenses $235,374 $172,922 +0.4%
Net Income $30,639 $17,618 +0.7%
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
5
Independent Members
3
Employees
1
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
4
$92,503
Total Directors
5
$92,503
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARGARET MINASSIAN DIRECTOR 40.00
Officer Director
$92,503 $0 $92,503
DONALD MINASSIAN TREASURER/SE N/A
Officer Director
$0 $0 $0
MICHELLE OATES PRESIDENT N/A
Officer Director
$0 $0 $0
TIMOTHY SHINN TRUSTEE N/A
Director
$0 $0 $0
BERNARD VAUGHAN VICE PRESIDE N/A
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 $266,013 $235,374 $98,082 $30,639
2023 $190,540 $172,922 $67,444 $17,618
2022 $83,421 $191,162 $78,126 $-107,741
2021 $154,270 $185,973 $157,568 $-31,703
2020 $101,004 $188,514 $209,274 $-87,510
2019 $519,796 $307,564 $375,881 $212,232
2018 $149,989 $160,583 $63,949 $-10,594
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