IRINGA HOPE (EIN 274496193) - 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

Norm Siekman

Phone

6512358893

Tax Period

2024-01-01 to 2024-12-31

IRINGA HOPE, founded in 2010, is a micro nonprofit in the Food, Agriculture & Nutrition sector that reported $98K in total revenue in fiscal year 2024. Revenue fell 42% from the prior year — a significant decline worth monitoring. Expenses of $95K left a modest 3% surplus.

Mission

Improve the local economy and living conditions for families in Tanzania Africa through village micro-finance funds and agricultural cooperatives.

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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 $94,064

Program Service Revenue $0

Investment Income $4,115

Other Revenue $0

TOTAL REVENUE $98,179

Expense Breakdown

Grants Paid $90,000

Salaries & Benefits $0

Fundraising Expenses $2,683

Program Expenses $90,050

Other Expenses $4,781

TOTAL EXPENSES $94,781

Year-over-Year Comparison

	2024	2023	Change
Revenue	$98,179	$169,929	-0.4%
Expenses	$94,781	$173,160	-0.5%
Net Income	$3,398	$-3,231	-2.1%

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

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
Norm Siekman	President	15.00	Officer Director	$0	$0	$0
Dr Kent Olson	Vice President	2.00	Officer Director	$0	$0	$0
Caryn Josephson	Director	2.00	Director	$0	$0	$0
Dean Hoffrogge	Treasurer	5.00	Officer Director	$0	$0	$0
Dr Thomas Hendrickson	Director	15.00	Director	$0	$0	$0
Sally Harris	Director	2.00	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	$98,179	$94,781	$106,073	$3,398
2023	$169,929	$173,160	$102,675	$-3,231
2022	$101,360	$103,038	$105,906	$-1,678
2021	$522,111	$527,217	$107,584	$-5,106
2020	$396,857	$447,713	$112,690	$-50,856

IRINGA HOPE