LIFE AND HOPE INTERNATIONAL INC

EIN: 261149289 501(c)(3)

SNOHOMISH, WA

Total Revenue
$-59,451
Total Expenses
$1,191,917
Total Assets
N/A
Net Assets
N/A
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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
2005
Legal Domicile
WA
Principal Officer
KRIS MCCORMICK
Phone
3605686089
Tax Period
2023-01-01 to 2023-07-18

LIFE AND HOPE INTERNATIONAL INC, founded in 2005, is a micro nonprofit that reported $59K in total revenue in fiscal year 2023. Revenue fell 251% from the prior year — a significant decline worth monitoring.

Mission

PROVIDE EDUCATION AND HEALTH PROGRAMS TO NEEDY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $500
Program Service Revenue $0
Investment Income $-59,951
Other Revenue $0
TOTAL REVENUE $-59,451

Expense Breakdown

Grants Paid $1,184,572
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,184,572
Other Expenses $7,345
TOTAL EXPENSES $1,191,917

Year-over-Year Comparison

2023 2022 Change
Revenue $-59,451 $39,252 -2.5%
Expenses $1,191,917 $112,875 +9.6%
Net Income $-1,251,368 $-73,623 +16.0%
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
3
Independent Members
3
Employees
N/A
Volunteers
N/A

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY MCCORMICK PRESIDENT 5.00
Officer
$0 $0 $0
AINA MCCORMICK SECRETARY 2.00
Officer
$0 $0 $0
KRIS MCCORMICK TREASURER 3.00
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
2023 $-59,451 $1,191,917 No data $-1,251,368
2022 $39,252 $112,875 $1,051,695 $-73,623
2021 $1,528,852 $5,503 $1,569,165 $1,523,349
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