Hope Abounds Inc (EIN 271858542) - 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

Principal Officer

KENNY BARNES

Phone

9107997178

Tax Period

2024-01-01 to 2024-12-31

Hope Abounds Inc, founded in 2010, is a small nonprofit in the Human Services sector that reported $298K in total revenue in fiscal year 2024.

Mission

Providing practical support for individuals enduring active cancer treatment.

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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 $296,958

Program Service Revenue $0

Investment Income $2,353

Other Revenue $-1,570

TOTAL REVENUE $297,741

Expense Breakdown

Grants Paid $13,704

Salaries & Benefits $207,549

Fundraising Expenses $18,140

Program Expenses $267,555

Other Expenses $76,398

TOTAL EXPENSES $297,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$297,741	$276,729	+0.1%
Expenses	$297,651	$284,086	+0.0%
Net Income	$90	$-7,357	-1.0%

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

$60,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kenny Barnes	Chairman & President	40.00	Officer Director	$0	$0	$0
Brandia Bradshaw	Treasurer	1.50	Officer Director	$0	$0	$0
Deirdre McGlone-Webb	Director	1.50	Director	$0	$0	$0
Jason Clamme	Director	1.50	Director	$0	$0	$0
James H Faison III	Director	1.50	Director	$0	$0	$0
Ed Williams	Director	1.50	Director	$0	$0	$0
Kim Joyner	Director	1.50	Director	$0	$0	$0
Traci Bress	Director	1.50	Director	$0	$0	$0
Candi Brown	Director	1.50	Director	$0	$0	$0
Donna Edwards	Director	1.50	Director	$0	$0	$0
Elizabeth Barnes	Vice President	40.00	Officer	$60,000	$0	$60,000

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	No data	No data	No data	No data
2024	$297,741	$297,651	$178,413	$90
2023	$276,729	$284,086	$184,197	$-7,357
2022	$220,932	$174,307	$171,536	$46,625
2022	$111,803	$129,638	$186,924	$-17,835

Hope Abounds Inc