GENESIS HARBOR OF OPPORTUNITIES PROMOTING EXCELLENCE (EIN 263632021) - 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

2008

Legal Domicile

Principal Officer

JEANINE HATCHER

Phone

3135710937

Tax Period

2024-02-01 to 2025-01-31

GENESIS HARBOR OF OPPORTUNITIES PROMOTING EXCELLENCE, founded in 2008, is a small nonprofit in the Community Improvement sector that reported $752K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $1.2M exceeded revenue, resulting in a 58% operating deficit.

Mission

GENESISHOPE IS A MULTISERVICE COMMUNITY DEVELOPMENT ORGANIZATION ADVANCING A VISION OF HEALTHY PEOPLE AND HEALTHY PLACES. WE SUPPORT PEOPLE WITH LIVING HEALTHIER, AND WE CREATE HEALTHY, RESILIENT PLACES IN ISLANDVIEW, THE VILLAGES OF DETROIT, MI AND SURROUNDING NEIGHBORHOODS (48207, 48213, 48214.

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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 $714,242

Program Service Revenue $37,193

Investment Income $171

Other Revenue $0

TOTAL REVENUE $751,606

Expense Breakdown

Grants Paid $92,028

Salaries & Benefits $542,687

Fundraising Expenses $9,652

Program Expenses $697,360

Other Expenses $551,004

TOTAL EXPENSES $1,185,719

Year-over-Year Comparison

	2024	2023	Change
Revenue	$751,606	$915,905	-0.2%
Expenses	$1,185,719	$610,543	+0.9%
Net Income	$-434,113	$305,362	-2.4%

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

$90,600

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN SCOTT WHITE	PRESIDENT AN	1.00	Officer Director	$0	$0	$0
BELINDA GILMORE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LAUREN BOONE	SECRETARY	1.00	Officer Director	$0	$0	$0
CONYA HALL	INTERIM TREA	1.00	Officer Director	$0	$0	$0
PR KEN GRANT PHD	DIRECTOR	1.00	Director	$0	$0	$0
JEANINE HATCHER	EXECUTIVE DI	40.00	Officer	$90,600	$0	$90,600

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
2025	$751,606	$1,185,719	$712,166	$-434,113
2024	$915,905	$610,543	$1,007,237	$305,362
2023	$770,689	$415,811	$736,590	$354,878
2022	$471,792	$416,521	$336,450	$55,271
2021	$424,838	$407,035	$267,152	$17,803
2020	$296,921	$296,041	$277,196	$880
2019	$224,286	$141,432	$143,566	$82,854

GENESIS HARBOR OF OPPORTUNITIES PROMOTING EXCELLENCE