CIRCLE OF HOPE MINISTRIES INC

EIN: 273678596 501(c)(3) Crime & Legal

Beaufort, SC

Total Revenue
$144,339
Total Expenses
$125,850
Total Assets
$544,206
Net Assets
$543,499
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
SC
Principal Officer
John C Dortch
Phone
8432632563
Tax Period
2024-01-01 to 2024-12-31

CIRCLE OF HOPE MINISTRIES INC, founded in 2010, is a small nonprofit in the Crime & Legal sector that reported $144K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $126K left a modest 13% surplus.

Mission

Faith based organization that is committed to the Biblical precept that we serve God by serving others. Our mission is to feed, clothe, and provide shelter to the homeless, minister to the sick and to prisoners an the assist ex-offenders in their effort to transition back into the society as law abiding, productive members of their communities. To provide free furniture, household goods, appliances and electronics for veterans transitioning from homelessness into their own residences, and to construct the Hope Village Inn development to provide affordable housing for veterans.

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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 (2024)

Revenue Breakdown

Contributions & Grants $132,500
Program Service Revenue $0
Investment Income $11,839
Other Revenue $0
TOTAL REVENUE $144,339

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,152
Fundraising Expenses $0
Program Expenses $103,107
Other Expenses $110,698
TOTAL EXPENSES $125,850

Year-over-Year Comparison

2024 2023 Change
Revenue $144,339 $164,553 -0.1%
Expenses $125,850 $133,993 -0.1%
Net Income $18,489 $30,560 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
1
Volunteers
24

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
$13,920
Total Directors
8
$13,920
Key Employees
1
$13,920
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
John Dortch President and Executive Director 57
Officer Director Key Emp Highest
$13,920 $0 $13,920
Pat Mabie Thrift Store Manager Director 52
Director
$0 $0 $0
Gordon Mabie Thrift Store CoManager 52
Director
$0 $0 $0
Rev Donald Goodwine Chairman 2
Officer Director
$0 $0 $0
Eulela Richardson Board Member 1
Director
$0 $0 $0
Candace Brasseur Board Member 1
Director
$0 $0 $0
Louis Murray Board Member 1
Director
$0 $0 $0
Cynthia D Mitchell Secretary Treasurer 5
Officer 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 $144,339 $125,850 $544,206 $18,489
2023 $164,553 $133,993 $526,252 $30,560
2022 $237,421 $265,720 $494,982 $-28,299
2021 $271,751 $123,374 $833,883 $148,377
2020 $168,563 $88,052 $693,513 $80,511
2019 $124,975 $74,687 $620,568 $50,288
2018 $71,934 $57,359 $577,519 $14,575
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