Abiding Hope Inc

EIN: 301166558 501(c)(3) Health Care

Mars Hill, NC

Total Revenue
$240,683
Total Expenses
$118,089
Total Assets
$285,247
Net Assets
$285,247
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
NC
Phone
8286801230
Tax Period
2022-01-01 to 2022-12-31

Abiding Hope Inc, founded in 2019, is a small nonprofit in the Health Care sector that reported $241K in total revenue in fiscal year 2022. Revenue surged 67% from the prior year, signaling strong growth momentum. The organization ran a surplus of $123K, a strong 51% operating margin.

Mission

Abiding Hope, Inc. helps women and families in North Buncombe and Madison Counties that face an unplanned pregnancy. We help women by providing free pregnancy tests, free limited OB ultrasounds and speaking to them about their options. We also provide referrals to agencies that can help them with housing, food, clothing, and/or safety if needed. We talk with them throughout their pregnancy supporting the family in getting ready for baby. We provide parenting classes that can start in the first trimester and last through the first 2 years of life. When they come in for parenting classes, they earn points to go shopping in our baby closet that contains maternity clothes, baby items and clothes up to 2T. If someone loses their baby due to miscarriage or abortion, we have women that can come alongside and help the family work through their grief.

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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 (2022)

Revenue Breakdown

Contributions & Grants $240,683
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $240,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $49,662
Fundraising Expenses $24,166
Program Expenses $18,866
Other Expenses $68,427
TOTAL EXPENSES $118,089

Year-over-Year Comparison

2022 2021 Change
Revenue $240,683 $144,004 +0.7%
Expenses $118,089 $105,357 +0.1%
Net Income $122,594 $38,647 +2.2%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
N/A
Employees
3
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
$0
Total Directors
4
$33,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Angela Hilemon Executive Dir. 30.00
Director
$33,000 $0 $33,000
Steven Honeycutt Trustee 0.00
Director
$0 $0 $0
Johnny Byrd Trustee 0.00
Director
$0 $0 $0
Debra Hensley Trustee 0.00
Director
$0 $0 $0
Clark Henderson Chairman 0.00
Officer
$0 $0 $0
William Newton Treasurer 0.00
Officer
$0 $0 $0
Steven Conard Vice President 0.00
Officer
$0 $0 $0
Cathy Fotusky Secretary 0.00
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
2024 No data No data No data No data
2022 $240,683 $118,089 $285,247 $122,594
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