Cottages of Hope Inc

EIN: 260752718 501(c)(3) Human Services

Ogden, UT

Total Revenue
$1,284,279
Total Expenses
$1,043,825
Total Assets
$557,130
Net Assets
$532,582
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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
2007
Legal Domicile
UT
Phone
8013934011
Tax Period
2024-01-01 to 2024-12-31

Cottages of Hope Inc, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 53% from the prior year, signaling strong growth momentum. The organization ran a surplus of $240K, a strong 19% operating margin.

Mission

Cottages of Hope exists to inspire individuals and households to realize their potential by providing meaningful programs and services that empower them to achieve greater levels of financial stability. Activities include free tax preparation, financial literacy presentations, free internet access, IDA Savings Plans, and job coaching.

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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 $1,284,199
Program Service Revenue $0
Investment Income $80
Other Revenue $0
TOTAL REVENUE $1,284,279

Expense Breakdown

Grants Paid $0
Salaries & Benefits $538,079
Fundraising Expenses $31,315
Program Expenses $960,319
Other Expenses $505,746
TOTAL EXPENSES $1,043,825

Year-over-Year Comparison

2024 2023 Change
Revenue $1,284,279 $837,448 +0.5%
Expenses $1,043,825 $711,278 +0.5%
Net Income $240,454 $126,170 +0.9%
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
13
Independent Members
13
Employees
5
Volunteers
60

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
1
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shannon Sebahar Member 2.00
Director
$0 $0 $0
Teresa Hunsaker Vice Chair 2.00
Director
$0 $0 $0
Chris Acosta Member 2.00
Director
$0 $0 $0
Craig Roper Member 2.00
Director
$0 $0 $0
Eric Young Member 2.00
Director
$0 $0 $0
Matt Dixon Chairman 2.00
Director
$0 $0 $0
Ryan Arbon Member 2.00
Director
$0 $0 $0
Reed Richards Member 2.00
Director
$0 $0 $0
Kimal James Member 2.00
Director
$0 $0 $0
Jenny Gnagey Member 2.00
Director
$0 $0 $0
F Chris Swaner Treasurer 10.00
Director
$0 $0 $0
Pam Parkinson Secretary 2.00
Director
$0 $0 $0
Jeremy K Botelho Executive Dir. 50.00
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 $1,284,279 $1,043,825 $557,130 $240,454
2023 $837,448 $711,278 $310,327 $126,170
2022 $454,411 $358,267 $188,805 $96,144
2021 $386,500 $420,667 $82,160 $-34,167
2020 $410,862 $399,403 $155,186 $11,459
2019 $312,989 $352,046 $103,642 $-39,057
2018 $434,560 $486,135 $148,424 $-51,575
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