ACADEMY OF HOPE INC

EIN: 274513230 501(c)(3) Education

CONWAY, SC

Total Revenue
$1,713,407
Total Expenses
$1,926,492
Total Assets
$323,257
Net Assets
$179,054
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
SC
Principal Officer
MELISSA MCCLOUD
Phone
8433975719
Tax Period
2023-07-01 to 2024-06-30

ACADEMY OF HOPE INC, founded in 2009, is a community nonprofit in the Education sector that reported $1.7M in total revenue in fiscal year 2023. Expenses of $1.9M exceeded revenue, resulting in a 12% operating deficit.

Mission

TO MAXIMIZE THE POTENTIAL INHERENT IN EVERY STUDENT BY BUILDING CHARACTER, PROMOTING CRITICAL THINKING, ENCOURAGING INTELLECTUAL CURIOSITY, CULTIVATING ENTREPRENEURSHIP AND INSTILLING A SENSE OF GLOBAL RESPONSIBILITY.

Program Service Accomplishments

Program 1
Expenses: $1,349,497 Revenue: $4,139

ENABLE THE STUDENTS OF HORRY COUNTY TO EXCEL AS SCHOLARS, PROFESSIONALS AND CITIZENS BY OFFERING UNIQUE OPPORTUNITIES THAT WILL CHALLENGE THEIR INTELLECTUAL ABILITIES AND GIVE THEM HOPE TO DREAM SUCH...

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ENABLE THE STUDENTS OF HORRY COUNTY TO EXCEL AS SCHOLARS, PROFESSIONALS AND CITIZENS BY OFFERING UNIQUE OPPORTUNITIES THAT WILL CHALLENGE THEIR INTELLECTUAL ABILITIES AND GIVE THEM HOPE TO DREAM SUCH OPPORTUNITIES. INCLUDE MEANINGFUL, RIGOROUS COURSEWORK THAT WILL ULTIMATELY SERVE AS A CATALYST TO AFFECT POSITIVE CHANGE ON BOTH LOCAL AND GLOBAL PLATFORMS.

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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 $1,719,788
Program Service Revenue $4,139
Investment Income $-10,520
Other Revenue $0
TOTAL REVENUE $1,713,407

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,391,237
Fundraising Expenses $744
Program Expenses $1,349,497
Other Expenses $535,255
TOTAL EXPENSES $1,926,492

Year-over-Year Comparison

2023 2022 Change
Revenue $1,713,407 $1,647,257 +0.0%
Expenses $1,926,492 $1,731,476 +0.1%
Net Income $-213,085 $-84,219 +1.5%
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

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Governance

Voting Members
7
Independent Members
7
Employees
28
Volunteers
3

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
$110,250
Total Directors
5
$110,250
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MELISSA MCCLOUD EXEC DIRECTOR/PRINCIPAL 40.00
Officer Director
$110,250 $0 $110,250
MARVIN KEENE VICE CHAIR 1.00
Officer Director
$0 $0 $0
DELORIS ROZIER CHAIR 1.00
Officer Director
$0 $0 $0
MIRIAM BERROUET BOARD MEMBER 1.00
Director
$0 $0 $0
LARRY WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM MILLER TREASURER 1.00
Officer
$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
2025 No data No data No data No data
2024 $1,713,407 $1,926,492 $323,257 $-213,085
2023 $1,647,257 $1,731,476 $550,337 $-84,219
2022 $1,983,814 $1,764,729 $658,657 $219,085
2021 $1,994,987 $1,753,655 $1,271,014 $241,332
2020 $1,649,274 $1,704,429 $955,758 $-55,155
2019 $1,657,141 $1,663,428 $681,647 $-6,287
2018 $1,586,490 $1,661,938 $1,155,570 $-75,448
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