KNOX NEW HOPE INDUSTRIES 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

1976

Legal Domicile

Principal Officer

ANGELA WISE

Phone

7403974601

Tax Period

2023-01-01 to 2023-12-31

KNOX NEW HOPE INDUSTRIES INC, founded in 1976, is a small nonprofit in the Employment sector that reported $859K in total revenue in fiscal year 2023. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $1.0M exceeded revenue, resulting in a 20% operating deficit.

Mission

PROVIDE SERVICES, TRAINING, AND EMPLOYMENT TO PERSONS WITH DISABILITIES.

Program Service Accomplishments

Program 1

Expenses: $220,591 Revenue: $380,776

PROVIDE ADULT DAY SERVICES AND VOCATIONAL HABILITATION TO 43 INDIVIDUALS TO ENABLE THEM TO ENJOY SOCIAL INTERACTION AND ACTIVITIES.

Program 2

Expenses: $47,616 Revenue: $92,652

PROVIDE SHELTERED WORKSHOP AND SUPERVISED EMPLOYMENT FOR 53 INDIVIDUALS GIVING THEM THE OPPORTUNITY FOR PRODUCTIVE EMPLOYMENT AND SOME INDEPENDENCE.

Program 3

Expenses: $214,077 Revenue: $234,519

PROVIDE TRANSPORTATION TO THE WORKSHOP AND DAY SERVICES PROGRAMS FOR 35 INDIVIDUALS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $56,169

Program Service Revenue $806,259

Investment Income $-6,511

Other Revenue $2,985

TOTAL REVENUE $858,902

Expense Breakdown

Grants Paid $4,123

Salaries & Benefits $729,034

Fundraising Expenses $545

Program Expenses $649,082

Other Expenses $300,439

TOTAL EXPENSES $1,033,596

Year-over-Year Comparison

	2023	2022	Change
Revenue	$858,902	$1,161,434	-0.3%
Expenses	$1,033,596	$1,063,350	0.0%
Net Income	$-174,694	$98,084	-2.8%

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

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

$116,975

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANGELA WISE	CEO	40.00	Officer	$83,302	$33,673	$116,975
NANCY GREGG	PRESIDENT	0.50	Officer Director	$0	$0	$0
BILL KERSHNER	BOARD MEMBER	0.50	Director	$0	$0	$0
TERRI PRIBONIC	BOARD MEMBER	0.50	Director	$0	$0	$0
NICHOLAS NEUERER	TREASURER	0.50	Officer	$0	$0	$0
JOHN WALCHLE	VICE-PRESIDE	0.50	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
2023	$858,902	$1,033,596	$2,232,063	$-174,694
2022	$1,161,434	$1,063,350	$2,407,773	$98,084
2021	$1,412,382	$1,195,453	$2,607,044	$216,929
2020	$2,093,975	$1,400,572	$2,452,941	$693,403
2019	$1,662,628	$1,674,816	$1,947,034	$-12,188
2018	$1,721,807	$1,711,336	$1,259,208	$10,471