HAVEN OF HOPE FOUNDATION INC (EIN 273354387) - 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

JASON HOLMBERG

Phone

8142743233

Tax Period

2024-01-01 to 2024-12-31

HAVEN OF HOPE FOUNDATION INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 283% from the prior year, signaling strong growth momentum. The organization ran a surplus of $847K, a strong 74% operating margin.

Mission

THE ORGANIZATION EXISTS TO PROVIDE SUPPORT FOR CHURCHES, ORPHANAGES, GIRLS HOMES AND NEEDY PEOPLE AROUND THE WORLD. WE PRIMARILY SUPPORT ORGANIZATIONS IN ROMANIA.

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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 $1,093,191

Program Service Revenue $0

Investment Income $40,709

Other Revenue $5,230

TOTAL REVENUE $1,139,130

Expense Breakdown

Grants Paid $289,129

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $291,811

Other Expenses $2,682

TOTAL EXPENSES $291,811

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,139,130	$297,496	+2.8%
Expenses	$291,811	$276,432	+0.1%
Net Income	$847,319	$21,064	+39.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON HOLMBERG	PRESIDENT	N/A	Officer Director	$0	$0	$0
MARY ESTHER HOLMBERG	SECRETARY	N/A	Officer Director	$0	$0	$0
NAOMI FROMBACH	DIRECTOR	N/A	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	$1,139,130	$291,811	$1,380,114	$847,319
2023	$297,496	$276,432	$532,795	$21,064
2022	$228,328	$256,303	$511,731	$-27,975
2021	$222,467	$247,102	$539,706	$-24,635
2020	$808,741	$256,596	$564,341	$552,145
2019	$216,367	$223,142	$12,196	$-6,775

HAVEN OF HOPE FOUNDATION INC