HOPE RESCUE MISSION OF THE CITY OF READING (EIN 231413677) - 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

1943

Principal Officer

ROBERT TURCHI

Phone

6103754224

Tax Period

2024-01-01 to 2024-12-31

HOPE RESCUE MISSION OF THE CITY OF READING, founded in 1943, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 39% operating margin.

Mission

FOR 128 YEARS, HOPE RESCUE MISSION HAS BEEN A PLACE OF REFUGE FOR THE HOMELESS MEN OF BERKS COUNTY, PA. WE OFFER FOUR RESIDENTIAL PROGRAMS THAT MEN CAN WORK THEIR WAY THROUGH TO TRANSITION BACK INTO THE COMMUNITY AS PRODUCTIVE AND INDEPENDENT INDIVIDUALS.

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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 $4,631,398

Program Service Revenue $763,748

Investment Income $37,625

Other Revenue $464,863

TOTAL REVENUE $5,897,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,959,439

Fundraising Expenses $202,947

Program Expenses $2,932,047

Other Expenses $1,647,807

TOTAL EXPENSES $3,607,246

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,897,634	$3,652,158	+0.6%
Expenses	$3,607,246	$2,660,738	+0.4%
Net Income	$2,290,388	$991,420	+1.3%

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

1000

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
ROBERT TURCHI	EXECUTIVE DI	40.00	Highest	$162,100	$0	$162,100
JAMES BURRUS	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS WISLER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE ESSIG	TREASURER	2.00	Officer	$0	$0	$0
LYNN HART	DIRECTOR	1.00	Officer	$0	$0	$0
JEAN HEINLY	DIRECTOR	1.00	Officer	$0	$0	$0
ZYLKIA RIVERA	DIRECTOR	1.00	Officer	$0	$0	$0
DAVID C ROLAND	PRESIDENT	2.00	Officer	$0	$0	$0
JOHN SALLADE	SECRETARY	2.00	Officer	$0	$0	$0
JIM SMITH	VICE PRESIDE	2.00	Officer	$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	$5,897,634	$3,607,246	$13,803,896	$2,290,388
2023	$3,652,158	$2,660,738	$11,396,387	$991,420
2022	$5,681,512	$2,025,817	$11,061,564	$3,655,695
2021	$3,556,137	$1,659,155	$7,016,472	$1,896,982
2020	$2,301,371	$1,368,768	$5,146,708	$932,603
2019	$2,171,169	$1,047,088	$4,724,041	$1,124,081
2018	$1,464,216	$950,453	$3,645,552	$513,763

HOPE RESCUE MISSION OF THE CITY OF READING