Hope Clinic 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

2009

Legal Domicile

Principal Officer

Ellis R Ivory

Phone

8015686700

Tax Period

2023-01-01 to 2023-12-31

Hope Clinic Inc, founded in 2009, is a micro nonprofit in the Health Care sector that reported $82K in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $116K exceeded revenue, resulting in a 41% operating deficit.

Mission

The Hope Clinic recognizes, educates and medically treats patients who are without resources as well as link those who qualify to established programs to meet their needs. By providing preventative care and routine health maintenance, patients will not be required to seek costly emergent healthcare or hospitalization.

Program Service Accomplishments

Program 1

Expenses: $115,516 Revenue: $81,824

After opening its doors on June 29, 2010, the Hope Clinic's all-volunteer staff began treating approximately eighty patients per day, twice weekly. The Hope Clinic is a non-emergency medical home for qualifying patients until they are able to obtain other coverage. To qualify for its services, individuals must be:a. At or below 150 percent of federal poverty guidelines;b. Without medical insurance coverage;c. Ineligible for other public medical assistance programs.In other words, the Hope Clinic is a 'safety net' which services individuals who have no other medical treatment options.The Hope Clinic typically treats individuals with chronic illnesses such as poorly controlled diabetes, high blood pressure, high cholesterol, arthritis, anemia and associated complications. The Hope Clinic also provides preventative care with the aim to relieve strain from overburdened emergency rooms and other public health programs. Patients also receive some ancillary health care from various volunteer specialists such as physical therapists, oncologists and gynecologists. In addition, the Hope Clinic, at no charge, provides laboratory testing, routine and urgent follow-up care, prescriptions, assistance with obtaining no-cost medications from pharmaceuticals and other medical supplies such as syringes, bandages, dressings and blood glucose monitoring products. All medical supplies are donated to the Hope Clinic and are provided to patients at no cost.

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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 (2023)

Revenue Breakdown

Contributions & Grants $81,824

Program Service Revenue $0

Investment Income $118

Other Revenue $0

TOTAL REVENUE $81,942

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $115,516

Other Expenses $115,516

TOTAL EXPENSES $115,516

Year-over-Year Comparison

	2023	2022	Change
Revenue	$81,942	$106,215	-0.2%
Expenses	$115,516	$51,915	+1.2%
Net Income	$-33,574	$54,300	-1.6%

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

N/A

Volunteers

110

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
Ellis R Ivory	Chairman	1.00	Officer Director	$0	$0	$0
Steve Taylor MD	Med. Director	20.00	Director	$0	$0	$0
Hamid Adib	Director	1.00	Director	$0	$0	$0
David George	Director	15.00	Officer Director	$0	$0	$0
Jane Powers	Director	30.00	Officer 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	$81,942	$115,516	$1,229,368	$-33,574
2022	$106,215	$51,915	$1,262,942	$54,300
2021	$159,695	$80,792	$972,769	$78,903
2020	$90,841	$109,444	$893,866	$-18,603
2019	$121,011	$109,509	$912,469	$11,502
2018	$99,469	$115,472	$900,967	$-16,003