MATTHEW'S HOPE MINISTRIES INC

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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

SCOTT BILLUE

Phone

4079059500

Tax Period

2023-01-01 to 2023-12-31

MATTHEW'S HOPE MINISTRIES INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. Expenses of $6.3M left a modest 5% surplus.

Mission

MATTHEWS HOPE FOSTERS THE PHYSICAL, EMOTIONAL, AND SPIRITUAL WELL-BEING OF THE HOMELESS MEN, WOMEN, AND CHILDREN OF OUR WEST ORANGE COMMUNITY BY MEETING BASIC NEEDS, DEVELOPING SKILLS, AND RESTORING DIGNITY AND INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $5,262,156 Revenue: $206,103

MATTHEWS HOPE FOSTERS THE PHYSICAL, EMOTIONAL, AND SPIRITUAL WELL-BEING OF HOMELESS MEN, WOMEN, AND CHILDREN IN OUR WEST ORANGE COMMUNITY BY MEETING BASIC NEEDS, DEVELOPING SKILLS, AND RESTORING...

MATTHEWS HOPE FOSTERS THE PHYSICAL, EMOTIONAL, AND SPIRITUAL WELL-BEING OF HOMELESS MEN, WOMEN, AND CHILDREN IN OUR WEST ORANGE COMMUNITY BY MEETING BASIC NEEDS, DEVELOPING SKILLS, AND RESTORING DIGNITY AND INDEPENDENCE. THROUGH VARIOUS PROGRAMS, HOMELESS FAMILIES RECEIVE SUPPORT TO KEEP THEIR CHILDREN HOUSED, FED, AND IN SCHOOL, WHILE PARENTS ARE ENCOURAGED TO IMPROVE VITAL LIFE SKILLS ESSENTIAL FOR REGAINING SELF-SUFFICIENCY. NOTABLY, 28 INDIVIDUAL CHILDREN PARTICIPATED IN PRESCHOOL PROGRAMS DESIGNED TO LAY A STRONG FOUNDATION FOR THEIR FUTURE.

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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 $6,420,227

Program Service Revenue $206,103

Investment Income $-13,534

Other Revenue $-23,246

TOTAL REVENUE $6,589,550

Expense Breakdown

Grants Paid $3,122,376

Salaries & Benefits $1,774,895

Fundraising Expenses $324,642

Program Expenses $5,262,156

Other Expenses $1,377,039

TOTAL EXPENSES $6,274,310

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,589,550	$4,524,343	+0.5%
Expenses	$6,274,310	$4,555,035	+0.4%
Net Income	$315,240	$-30,692	-11.3%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

150

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

$161,182

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BARCOTT	VICE CHAIR	3.00	Officer Director	$0	$0	$0
LORI GIBSON	BOARD CHAIR	3.00	Officer Director	$0	$0	$0
TINA ZERNICKOW	TREASURER	3.00	Officer Director	$0	$0	$0
DEBORAH LINDEN	SECRETARY	3.00	Officer Director	$0	$0	$0
SARAH BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE CARROLL	DIRECTOR - THRU 5/23	1.00	Director	$0	$0	$0
JAMES K DENSMORE	DIRECTOR	1.00	Director	$0	$0	$0
DENISE FISHER	DIRECTOR	1.00	Director	$0	$0	$0
LT GEN JAY GARNER	DIRECTOR	1.00	Director	$0	$0	$0
KELLI KEITH	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH MCMULLEN	DIRECTOR	1.00	Director	$0	$0	$0
PARKER PRIDGEN	DIRECTOR - AS OF 5/23	1.00	Director	$0	$0	$0
JENNIFER ENGLERT SCHMITT	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
RYAN YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT BILLUE	CEO/PRESIDENT	41.00	Officer	$126,182	$35,000	$161,182

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	$6,589,550	$6,274,310	$2,924,997	$315,240
2022	$4,524,343	$4,555,035	$2,180,553	$-30,692
2022	$4,952,265	$5,523,773	$2,780,093	$-571,508
2021	$4,660,122	$5,100,611	$1,338,746	$-440,489
2020	$3,936,230	$3,677,947	$1,306,183	$258,283
2020	$1,599,725	$1,437,502	$1,201,679	$162,223
2019	$1,774,322	$1,677,870	$1,113,645	$96,452
2019	$2,426,949	$2,330,497	$1,113,645	$96,452
2018	$1,661,367	$1,504,017	$954,984	$157,350
2018	$1,711,377	$1,593,592	$915,344	$117,785
2017	$2,609,503	$2,429,573	$753,287	$179,930