Hope Chest Scholarship Foundation (EIN 223794278) - 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

2001

Legal Domicile

Principal Officer

Carey Hines

Phone

9735396767

Tax Period

2024-01-01 to 2024-12-31

Hope Chest Scholarship Foundation, founded in 2001, is a small nonprofit in the Education sector that reported $126K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year. Expenses of $146K exceeded revenue, resulting in a 15% operating deficit.

Mission

To provide scholarship awards to college bound high school students

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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 (2024)

Revenue Breakdown

Contributions & Grants $33,370

Program Service Revenue $0

Investment Income $3,901

Other Revenue $88,829

TOTAL REVENUE $126,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $955

Program Expenses $100,350

Other Expenses $145,551

TOTAL EXPENSES $145,551

Year-over-Year Comparison

	2024	2023	Change
Revenue	$126,100	$140,123	-0.1%
Expenses	$145,551	$44,877	+2.2%
Net Income	$-19,451	$95,246	-1.2%

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

N/A

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
Carey Hines	Board Chair	003.00	Officer Director	$0	$0	$0
Judy Banks	Vice President	003.00	Officer Director	$0	$0	$0
Kelly Wilson III	Secretary	003.00	Officer Director	$0	$0	$0
Sandra Gilyard	Treasurer	003.00	Officer Director	$0	$0	$0
Stanley Prater	Board Member	001.00	Director	$0	$0	$0
Shaun Freeman	Board Member	001.00	Director	$0	$0	$0
Jemia Singleton	Board Member	001.00	Director	$0	$0	$0
Darren Flemming	Board Member	001.00	Director	$0	$0	$0
Ivory Herbert	Board Member	001.00	Director	$0	$0	$0
Charles Craig	Board Member	001.00	Director	$0	$0	$0
Roger Williams	Board Member	001.00	Director	$0	$0	$0
Mathette Williams	Board Member	001.00	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	$126,100	$145,551	$311,710	$-19,451
2024	$126,100	$145,551	$311,710	$-19,451
2023	$140,123	$44,877	$331,161	$95,246
2022	$117,414	$62,862	$235,915	$54,552
2021	$107,240	$78,980	$181,363	$28,260
2020	$78,156	$44,123	$181,364	$34,033
2019	$107,711	$68,960	$147,331	$38,751

Hope Chest Scholarship Foundation