PROJECT HOPE CHARITIES INC

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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

Principal Officer

CHUKWUDI OZO-ONYALI

Phone

7185290005

Tax Period

2024-01-01 to 2024-12-31

PROJECT HOPE CHARITIES INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

HUNGER ERADICATION YOUTH MENTORSHIP & CAREER DEVELOPMENT, HEALTH EDUCATION,DISASTER RELIEF, MEDICAL MISSIONS AND FOOD STAMPS ENROLLMENT.

Program Service Accomplishments

Program 1

Expenses: $2,512,496 Revenue: $2,507,839

WEAKLY FOOD PANTRY PROGRAM, FOOD PICK UP ALL OVER THE COUNTRY, FOOD STORGE AND DISTRIBUTION TO THE COMMUNITY BY NOW FED OVER 8000 NYC FAMILIES MONTHLY YOUTH COUNSELLING MENTORSHIP AND REFERRAL...

WEAKLY FOOD PANTRY PROGRAM, FOOD PICK UP ALL OVER THE COUNTRY, FOOD STORGE AND DISTRIBUTION TO THE COMMUNITY BY NOW FED OVER 8000 NYC FAMILIES MONTHLY YOUTH COUNSELLING MENTORSHIP AND REFERRAL SERVICES WE NOW ENROLL AND REFER OVER 100 NYC RESIDENTS INTO FOOD STAMPS PROGRAMS GED PROGRAMS IN PARTNERSHIP WITH STATE UNIVERSITY OF NY AND COUNSEL AND REFER TROUBLED YOUTH TO VARIOUS SUPPORTIVE PROGRAMS AND SHELTER PLACEMENT. HEALTH EDUCATION AND CAREER DEVELOPMENT WE NOW PROVIDE MONTHLY CAREER FORUMS AND EMPOWERMENT OPPORTUNITIES IN OUR 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 (2024)

Revenue Breakdown

Contributions & Grants $2,507,839

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,507,839

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,268

Fundraising Expenses $0

Program Expenses $2,512,496

Other Expenses $2,389,435

TOTAL EXPENSES $2,512,703

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,507,839	$2,257,847	+0.1%
Expenses	$2,512,703	$2,283,033	+0.1%
Net Income	$-4,864	$-25,186	-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
CHUKWUDI OZO-ONYALI MD	CHAIRPERSON OF THE BOARD	15.00	Director	$0	$0	$0
ELIZABETH OZO-ONYALI ESQ	VICE CHAIR OF THE BOARD	15.00	Director	$0	$0	$0
MAXWELL DANNIE	BOARD MEMBER	15.00	Director	$0	$0	$0
VENTRICE BOWEN	TREASURER	15.00	Director	$0	$0	$0
VICTORIA UZODIKE	BOARD MEMBER	15.00	Director	$0	$0	$0
HAZEL RHULE	SECRETARY	15.00	Director	$0	$0	$0
RYAN MOHAMMED	BOARD MEMBER	15.00	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	$2,507,839	$2,512,703	$172,761	$-4,864
2023	$2,257,847	$2,283,033	$177,625	$-25,186
2022	$1,812,099	$1,735,805	$172,811	$76,294
2021	$2,261,720	$2,226,751	$96,517	$34,969
2020	$2,534,399	$2,508,916	$61,548	$25,483
2020	$2,534,399	$2,508,916	$61,548	$25,483
2019	$1,619,870	$1,645,928	$34,785	$-26,058
2019	$1,619,870	$1,645,928	$34,785	$-26,058
2018	$3,623,752	$3,596,981	$41,453	$26,771