Hope Abounds Inc

EIN: 271858542 501(c)(3) Human Services

Wilmington, NC

Total Revenue
$297,741
Total Expenses
$297,651
Total Assets
$178,413
Net Assets
$87,688
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NC
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

The mission of Hope Abounds is to provide compassionate, no-cost support, resources, and education to cancer patients, their families, and caregivers. By empowering individuals through advocacy, collaboration, and tailored assistance, they are ensuring no one faces their cancer journey alone.

Program Service Accomplishments

Program 1
Expenses: $144,741

Patient Advocacy: In 2024, our community, state, and nation experienced an increase in cancer diagnoses. We believe this rise is largely due to the impacts of COVID-19, which led to many individuals...

Read more

Patient Advocacy: In 2024, our community, state, and nation experienced an increase in cancer diagnoses. We believe this rise is largely due to the impacts of COVID-19, which led to many individuals being unable to receive treatment and screenings for various illnesses, some of which were later identified as cancerous. Many of these cases are now advanced, at stage IV or even metastatic. To make matters worse, the struggling economy has made it difficult for many patients to cover their basic household expenses. As a result, a number of patients are facing homelessness and food insecurity. On averagem we are oboarding 40 to 50 new patients each month, which totals approximately 600 patients for the year. Of this group, about 10% are currently grappling with these serious issues. Hope Abounds is continuously building foundational relationships to address the significant financial crises faced by many. We advocate with community, state, and national funding sources to secure "temporary" assistance for these hardship cases.

Program 2
Expenses: $75,216

Educational Programs: Hope Abounds Cancer Network is thrilled to announce a new partnership with Storehouse Wellness. This partnership will provide comprehensive wellness resources to Hope Abounds...

Read more

Educational Programs: Hope Abounds Cancer Network is thrilled to announce a new partnership with Storehouse Wellness. This partnership will provide comprehensive wellness resources to Hope Abounds patients and caregivers. By focusing on the Four Pillars of Storehouse Wellness- nourishment, physical fitness, mental wellness, and financial health- patients will have access to various programs and resources from experts in each program's pillar of content. Hundreds of educational programs are designed to help maintain a high quality of life during treament and afer completion. On April 24, 2024, we hosted a Continuing Medical Education (CME) workshop for the College of Health & Human Services at UNCW. This program was presented to students, faculty, and alumni, providing essential education about genetic testing. It aimed to inform, inspire, and empower attendees to take a proactive approach to their health, particulartly regarding hereditary cancer risks within their families. We partnered with Myriad Genetics to introduce a Family History tool developed by Hope Aboutds to discuss how to access the services offered by Myriad Lab.

Program 3
Expenses: $47,598

Medical Navigation: To address the diverse needs of our patients, Hope Abounds has partnered with nationwide resources to provide medical navigation and educational support through Storehouse...

Read more

Medical Navigation: To address the diverse needs of our patients, Hope Abounds has partnered with nationwide resources to provide medical navigation and educational support through Storehouse Wellness and home care services through Synergy. These services are available to all patients at any stage of their cancer diagnosis. Additionally, we offer palliative care services in collaboreation with the Lower Cape Fear Lifecare Center. This initiative provides essential medical oversight at home for patients diagnosed with stage III or IV cancer. Our collaboration in palliative care ensures that patients receive crucial medical support that works directly with their physician teams.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
78

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
3
$60,000
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
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
Explore More Nonprofits
Top 100 Nonprofits in North Carolina Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare Hope Abounds Inc with other nonprofits in North Carolina and across the country.