We Share Hope

EIN: 271933460 501(c)(3) Food, Agriculture & Nutrition

Rumford, RI

Total Revenue
$4,828,890
Total Expenses
$4,626,718
Total Assets
$1,153,486
Net Assets
$1,153,486
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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
RI
Principal Officer
Adam Ramsey
Phone
4012890448
Tax Period
2023-01-01 to 2023-12-31

We Share Hope, founded in 2010, is a community nonprofit in the Food, Agriculture & Nutrition sector that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $4.6M left a modest 4% surplus.

Mission

To provide food to organizationsthat feed the poor, distressed and the underprivileged.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,813,749
Program Service Revenue $0
Investment Income $10,559
Other Revenue $4,582
TOTAL REVENUE $4,828,890

Expense Breakdown

Grants Paid $0
Salaries & Benefits $671,282
Fundraising Expenses $33,931
Program Expenses $4,434,374
Other Expenses $3,955,436
TOTAL EXPENSES $4,626,718

Year-over-Year Comparison

2023 2022 Change
Revenue $4,828,890 $4,002,837 +0.2%
Expenses $4,626,718 $3,710,596 +0.2%
Net Income $202,172 $292,241 -0.3%
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

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Governance

Voting Members
6
Independent Members
6
Employees
22
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
4
$126,261
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Peter T Albert President 1.00
Officer Director
$0 $0 $0
Adam Ramsey Treasurer 1.00
Officer Director
$0 $0 $0
Doreen Ku Secretary 1.00
Officer Director
$0 $0 $0
Guercy Carrie Director 1.00
Director
$0 $0 $0
Maria Buccieri Director 1.00
Director
$0 $0 $0
Courtney Hamilton Director 1.00
Director
$0 $0 $0
Johanna E Corcoran Executive Director 40.00
Officer
$124,761 $1,500 $126,261
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 $4,828,890 $4,626,718 $1,153,486 $202,172
2022 $4,002,837 $3,710,596 $928,219 $292,241
2021 $2,386,807 $2,290,152 $641,467 $96,655
2020 $1,995,301 $1,770,427 $624,527 $224,874
2019 $2,176,331 $2,189,808 $348,931 $-13,477
2018 $2,645,429 $2,570,131 $345,375 $75,298
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