HARVEST OF HOPE FAMILY SERVICE NETWORK INC (EIN 223694227) - Form 990 Financial Analysis & Trantor Score

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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

1999

Legal Domicile

Principal Officer

ASHLEY TROTTER

Phone

7322471270

Tax Period

2019-01-01 to 2019-12-31

HARVEST OF HOPE FAMILY SERVICE NETWORK INC, founded in 1999, is a small nonprofit that reported $115K in total revenue in fiscal year 2019. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $174K exceeded revenue, resulting in a 52% operating deficit.

Mission

TO RECRUIT FOSTER HOMES AND PROVIDE TRAINING AND SUPPORTING SERVICES TO FOSTER PARENTS. CURRENTLY THE ORGANIZATION FUNCTIONS AS A RESOURCE TO GOVERNMENT AND COMMUNITY ORGANIZATIONS THAT PROVIDE SERVICES TO YOUTH IN FOSTER CARE. THE ORGANIZATION OFFERS TRAINING, GUIDANCE, RESEARCH, SUPPORT AND TECHNICAL ASSISTANCE TO PUBLIC AND PRIVATE ENTITIES THAT ARE INVOLVED OR HAVE AN INTEREST IN FOSTER CARE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $114,651

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $114,651

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,362

Fundraising Expenses $0

Program Expenses $151,783

Other Expenses $58,481

TOTAL EXPENSES $173,843

Year-over-Year Comparison

	2019	2018	Change
Revenue	$114,651	$160,049	-0.3%
Expenses	$173,843	$533,361	-0.7%
Net Income	$-59,192	$-373,312	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LLOYD DOAMAN	BOARD MEMBER	5.00	Director	$0	$0	$0
ASHLEE C MURPH ESQ	BOARD MEMBER	5.00	Director	$0	$0	$0
ALAN GARDNER	BOARD MEMBER	5.00	Director	$0	$0	$0
DEFOREST B SOARIES JR	CEO	5.00	Officer Director	$0	$0	$0
WINSTON KIRTON	BOARD MEMBER	5.00	Director	$0	$0	$0
EARL ROACH	CHAIR	5.00	Officer Director	$0	$0	$0
JONNICE SLAUGHTER	VICE-CHAIR	5.00	Officer Director	$0	$0	$0
PETER STAVRIANIDIS	TREASURER	5.00	Officer Director	$0	$0	$0
WANDA TALIAFERRO	SECRETARY	5.00	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
2019	$114,651	$173,843	$19,698	$-59,192
2018	$160,049	$533,361	$78,890	$-373,312

HARVEST OF HOPE FAMILY SERVICE NETWORK INC