Beacon of Hope Inc (EIN 271612632) - 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

2010

Legal Domicile

Phone

6092886517

Tax Period

2023-01-01 to 2023-12-31

Beacon of Hope Inc, founded in 2010, is a small nonprofit in the Human Services sector that reported $287K in total revenue in fiscal year 2023. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $431K exceeded revenue, resulting in a 50% operating deficit.

Mission

Beacon of Hope's mission is to provide food, clean clothing, a warm place to recover from the elements during the winter months, life skills training ofr rising back above life, therefore stimulating community development and growth by unlocking potential through knowledge thereby "Changing Lives ONE Heart at a Time".

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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 $286,705

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $286,708

Expense Breakdown

Grants Paid $117,986

Salaries & Benefits $72,287

Fundraising Expenses $51

Program Expenses $311,145

Other Expenses $241,033

TOTAL EXPENSES $431,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$286,708	$591,125	-0.5%
Expenses	$431,306	$540,611	-0.2%
Net Income	$-144,598	$50,514	-3.9%

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

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

$43,778

Total Directors

$43,778

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Darlene Trappier	VP & Exec Dir	40.00	Officer Director	$43,778	$0	$43,778
Torrence Trappier	President	5.00	Officer Director	$0	$0	$0
Claudia Adams	Treasurer	3.00	Officer Director	$0	$0	$0
Lazette Tucker	Director	3.00	Officer Director	$0	$0	$0
Rudolph Williams	Director	1.00	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	$286,708	$431,306	$28,994	$-144,598
2022	$591,125	$540,611	$90,402	$50,514
2021	$307,812	$305,632	$46,764	$2,180

Beacon of Hope Inc