HOPE IGNITED

EIN: 270045493 501(c)(3) Food, Agriculture & Nutrition

ARGYLE, TX

Total Revenue
$1,087,871
Total Expenses
$499,097
Total Assets
$3,767,426
Net Assets
$3,767,426
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
TX
Phone
8174375586
Tax Period
2023-01-01 to 2023-12-31

HOPE IGNITED, founded in 2002, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $1.1M in total revenue in fiscal year 2023. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $589K, a strong 54% operating margin.

Mission

THE ENTITY VISION'S IS A WORLD WHERE ALL COMMUNITIES REJECT FEAR, ANXIETY,TERROR AND FATALISM IN FAVOR OF HOPE, ANTICIPATING THE JOY OF TOMORROW ANDTHE WORLD TO COME. THE ENTITY BRINGS HOPE AND HEALING TO THE WORLD'SFORGOTTEN POOR AND EMPOWER LOCAL LEADERS TO TRANSFORM THEIR COMMUNITIES VIAHEALTHCARE, EDUCATION, AND VOCATIONAL TRAINING.

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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 $1,087,871
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,087,871

Expense Breakdown

Grants Paid $0
Salaries & Benefits $299,295
Fundraising Expenses $72,747
Program Expenses $346,250
Other Expenses $199,802
TOTAL EXPENSES $499,097

Year-over-Year Comparison

2023 2022 Change
Revenue $1,087,871 $1,255,132 -0.1%
Expenses $499,097 $490,492 +0.0%
Net Income $588,774 $764,640 -0.2%
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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Governance

Voting Members
8
Independent Members
6
Employees
N/A
Volunteers
76

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
4
$104,500
Total Directors
8
$104,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ADAM JAMISON EXECUTIVE DIR. 40.00
Officer Director
$77,000 $0 $77,000
RACHEL JAMISON MEDICAL DIR. 40.00
Officer Director
$27,500 $0 $27,500
VICKY GUNNING Trustee 5.00
Director
$0 $0 $0
TROY FOSS Trustee 5.00
Officer Director
$0 $0 $0
SCOTT HELFRICH Trustee 5.00
Director
$0 $0 $0
MARK WHATLEY Chairman 5.00
Officer Director
$0 $0 $0
BRIAN PAPE Trustee 5.00
Director
$0 $0 $0
JENNIFER FOSS Trustee 5.00
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 $1,087,871 $499,097 $3,767,426 $588,774
2022 $1,255,132 $490,492 $3,178,652 $764,640
2021 $1,782,674 $230,666 $2,427,300 $1,552,008
2020 $852,577 $344,121 $875,292 $508,456
2018 $297,508 $296,573 $90,296 $935
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