REASONS FOR HOPE INC

EIN: 274385101 501(c)(3)

JACKSON, MN

Total Revenue
$1,186,331
Total Expenses
$1,369,115
Total Assets
$1,394,988
Net Assets
$270,842
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
KY
Phone
5078473886
Tax Period
2023-01-01 to 2023-12-31

REASONS FOR HOPE INC, founded in 2010, is a community nonprofit that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 15% operating deficit.

Mission

Reasons for Hope exists to direct people to the biblical Jesus by offering HOPE!H: Helping Christians share the Gospel of Jesus Christ.O: Offsetting secular thinking with biblical truth.P: Providing resources that give biblical answers to real-world questions.E: Encouraging the church to rely on God's Word as the foundation of their thoughts, their words and their actions.

Program Service Accomplishments

Program 1
Expenses: $649,432

SPEAKING IS THE MAIN FOCUS OF OUR MINISTRY. WE HAVE 4 SPEAKERS THAT TRAVEL AROUND THE WORLD TO TALK ABOUT OUR MISSION STATEMENT. MOST OF THE TRAVEL TAKES PLACE IN THE UNITED STATES.

Program 2
Expenses: $354,235

VIDEO CONTENT AND SOCIAL MEDIA. OUR MINISTRY CREATES VIDEO FOR PRESENTATIONS, SOCIAL MEDIA AS WELL AS FOR ONLINE STREAMING PLATFORMS, PODCASTS, AND TELEVISION NETWORKS.

Program 3
Expenses: $177,118

EQUIP CAMPS. OUR MINISTRY PUTS ON CAMPS FOR THE AGE GROUPS 12-18. EACH CAMP IS 5 DAYS LONG AND ARE STAY OVER CAMPS. THESE CAMPS ARE HELD AROUND THE UNITED STATES. THE NUMBER OF CAMPERS RANGE FROM...

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EQUIP CAMPS. OUR MINISTRY PUTS ON CAMPS FOR THE AGE GROUPS 12-18. EACH CAMP IS 5 DAYS LONG AND ARE STAY OVER CAMPS. THESE CAMPS ARE HELD AROUND THE UNITED STATES. THE NUMBER OF CAMPERS RANGE FROM 50-125 WITH 6 HOURS OF TEACHING AND 2 HOURS OF ACTIVITIES.

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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 $810,747
Program Service Revenue $160,779
Investment Income $133,558
Other Revenue $81,247
TOTAL REVENUE $1,186,331

Expense Breakdown

Grants Paid $0
Salaries & Benefits $722,643
Fundraising Expenses $0
Program Expenses $1,180,785
Other Expenses $646,472
TOTAL EXPENSES $1,369,115

Year-over-Year Comparison

2023 2022 Change
Revenue $1,186,331 $1,779,289 -0.3%
Expenses $1,369,115 $1,305,211 +0.0%
Net Income $-182,784 $474,078 -1.4%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
2
Employees
14
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
$81,153
Total Directors
4
$81,153
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WADE WACKER CEO 30.00
Officer Director
$43,100 $0 $43,100
CARL KERBY President 60.00
Officer Director
$38,053 $0 $38,053
PAUL GRACEY Director 0.00
Officer Director
$0 $0 $0
RANDY BAKER Director 0.00
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 No data No data No data No data
2023 $1,186,331 $1,369,115 $1,394,988 $-182,784
2022 $1,779,289 $1,305,211 $1,676,373 $474,078
2021 $971,870 $888,653 $660,483 $83,217
2020 $731,985 $617,178 $339,265 $114,807
2019 $577,516 $584,264 $125,106 $-6,748
2018 $475,148 $416,003 $113,615 $59,145
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