VOICES OF HOPE INC

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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

2011

Legal Domicile

Principal Officer

GREGORY S CHASTAIN

Phone

7812816524

Tax Period

2024-01-01 to 2024-12-31

VOICES OF HOPE INC, founded in 2011, is a small nonprofit in the Medical Research sector that reported $265K in total revenue in fiscal year 2024. Revenue fell 20% from the prior year — a significant decline worth monitoring. Expenses of $298K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION HAS OVER 100 LOCAL PERFORMERS WHO DONATE THEIR TIME AND TALENT TO RAISE AWARENESS AND FUNDS FOR CANCER RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $274,403 Revenue: $171,213

THE ORGANIZATION DERIVES INCOME FROM SPRING AND FALL PERFORMANCES, SILENT AUCTIONS, MEMBER FEES AND FUNDRAISING EVENTS AS WELL AS DONATIONS.

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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 $100,486

Program Service Revenue $171,213

Investment Income $2,477

Other Revenue $-8,930

TOTAL REVENUE $265,246

Expense Breakdown

Grants Paid $135,478

Salaries & Benefits $0

Fundraising Expenses $6,729

Program Expenses $274,403

Other Expenses $162,100

TOTAL EXPENSES $297,578

Year-over-Year Comparison

	2024	2023	Change
Revenue	$265,246	$332,307	-0.2%
Expenses	$297,578	$264,870	+0.1%
Net Income	$-32,332	$67,437	-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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

150

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
DANA SIEGAL	EXEC ARTISTIC DIRECTOR	20.00	Officer Director	$0	$0	$0
EDWARD SIEGAL	VICE PRESIDENT	20.00	Officer Director	$0	$0	$0
BETH ANN CONSOLI	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGORY CHASTAIN	PRESIDENT	30.00	Officer Director	$0	$0	$0
JEAN CHASTAIN	TREASURER	6.00	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	$265,246	$297,578	$153,073	$-32,332
2023	$332,307	$264,870	$208,662	$67,437