Hope for LaGonave Inc (EIN 272588086) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2010

Legal Domicile

Principal Officer

Ben Baugh

Phone

4794093715

Tax Period

2024-01-01 to 2024-12-31

Hope for LaGonave, founded in 2010, is a small nonprofit in the Human Services sector that reported $391K in total revenue in fiscal year 2018. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $174K, a strong 44% operating margin.

Mission

The purpose and mission of this organization is to provide solid, Biblical education to children of LaGonave for the purpose of producing Biblically solid Christians.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $302,240

Program Service Revenue $0

Investment Income $3,006

Other Revenue $0

TOTAL REVENUE $305,246

Expense Breakdown

Grants Paid $12,493

Salaries & Benefits $123,772

Fundraising Expenses $52,653

Program Expenses $188,307

Other Expenses $160,718

TOTAL EXPENSES $296,983

Year-over-Year Comparison

	2024	2023	Change
Revenue	$305,246	$248,417	+0.2%
Expenses	$296,983	$333,201	-0.1%
Net Income	$8,263	$-84,784	-1.1%

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

$35,000

Total Directors

$35,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Barbara Freeman	Child Sponsorship Advisor Voting	020.00	Officer Director	$35,000	$0	$35,000
Troy Kerber	President Voting	001.00	Officer Director	$0	$0	$0
Becky Baugh	Treasurer Non-Voting	005.00	Officer Director	$0	$0	$0
Shannon Onnink	Secretary Voting	005.00	Officer Director	$0	$0	$0
Rob Baugh	Director Voting	001.00	Director	$0	$0	$0
Alison Hendricks	Director Voting	001.00	Director	$0	$0	$0
Joan Kornblatt	Director Voting	001.00	Director	$0	$0	$0
Ben Baugh	Director Non-Voting	020.00	Director	$0	$0	$0
Ben Rush	Director Voting	001.00	Director	$0	$0	$0

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	$305,246	$296,983	$212,045	$8,263
2023	$248,417	$333,201	$205,833	$-84,784
2022	$254,518	$242,606	$290,767	$11,912
2021	$213,042	$242,194	$277,400	$-29,152
2020	$198,570	$313,135	$306,752	$-114,565
2019	$282,900	$335,583	$423,776	$-52,683
2018	$390,561	$216,824	$473,012	$173,737

Hope for LaGonave Inc