Hope Plaza Inc (EIN 232326694) - 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

1984

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Hope Plaza Inc, founded in 1984, is a community nonprofit in the Employment sector that reported $1.1M in total revenue in fiscal year 2023. Expenses of $1.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

The organization was created to bring economic empowerment into North Philadelphia to give hope to the community in order to assist minorities and disadvantaged citizens find jobs, training, and placement in the community.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,136,873

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,136,873

Expense Breakdown

Grants Paid $0

Salaries & Benefits $96,712

Fundraising Expenses $0

Program Expenses $1,212,151

Other Expenses $1,179,154

TOTAL EXPENSES $1,275,866

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,136,873	$1,078,063	+0.1%
Expenses	$1,275,866	$1,230,337	+0.0%
Net Income	$-138,993	$-152,274	-0.1%

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

$357,271

Total Directors

$357,271

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Glen Spaulding	President	5.00	Officer Director	$0	$49,951	$219,880
Martha Addison	Treasurer	10.00	Officer Director	$0	$3,750	$61,240
Therlow Paulin II	Vice President	5.00	Officer Director	$0	$38,500	$43,766
Fannita Whitt	Board Secretary	2.00	Officer Director	$0	$750	$32,385
Larry Richardson	Board Member	2.00	Director	$0	$0	$0
Jeffery Lowenthal	Board Member	2.00	Director	$0	$0	$0
Thomasina Cornish	Board Member	2.00	Director	$0	$0	$0
Carl Rivers	Board Member	1.00	Director	$0	$0	$0
William Bond	Board Member	1.00	Director	$0	$0	$0
Marc McCoy	Board Member	1.00	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	No data	No data	No data	No data
2023	$1,136,873	$1,275,866	$1,924,995	$-138,993
2022	$1,078,063	$1,230,337	$1,724,259	$-152,274
2021	$1,077,406	$1,030,160	$1,658,721	$47,246
2020	$1,037,888	$1,030,320	$1,553,004	$7,568

Hope Plaza Inc