Mt Holly, NJ
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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".
In connection with their mission Beacon of Hope (Beacon) distributed food free of charge to those in need. During the year over 3,000 individuals and/or families was provided on a monthly basis. In...
In connection with their mission Beacon of Hope (Beacon) distributed food free of charge to those in need. During the year over 3,000 individuals and/or families was provided on a monthly basis. In addition Beacon provided donated clothing to individuals and/or families in need. Also Beacon provided free of charge Life Skills Training courses to those desiring to obtain employment, gain financial freedom learn how to parent, etc. These courses are in 4-6 week intervals and run fro April thru October.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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