HOUSE OF NEW HOPE INC (EIN 311391448) - 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

1992

Legal Domicile

Principal Officer

SHIRLEY SHARP EXECUTIVE DIREC

Phone

7403455437

Tax Period

2022-07-01 to 2023-06-30

HOUSE OF NEW HOPE INC, founded in 1992, is a community nonprofit in the Human Services sector that reported $2.5M in total revenue in fiscal year 2022. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO DEMONSTRATE THE LOVE AND COMPASSION OF JESUS CHRIST BY PROTECTING AND ENHANCING THE SAFETY AND WELL-BEING OF PERSONS FROM ALL BACKGROUNDS AND ACROSS THE CONTINUUM OF LIFE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,312

Program Service Revenue $2,387,921

Investment Income $15,322

Other Revenue $75,546

TOTAL REVENUE $2,482,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,184,873

Fundraising Expenses $0

Program Expenses $2,896,703

Other Expenses $1,872,942

TOTAL EXPENSES $3,057,815

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,482,101	$3,557,148	-0.3%
Expenses	$3,057,815	$3,704,717	-0.2%
Net Income	$-575,714	$-147,569	+2.9%

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

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

$405,199

Total Directors

$267,982

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARON SIMMONS	COO, ADMINISTRATOR/SECRETARY	40.0	Officer	$129,400	$7,817	$137,217
J EDWARD SHARP	CHIEF FINANCIAL OFFICER	40.0	Officer Director	$123,230	$13,639	$136,869
SHIRLEY SHARP	EXECUTIVE DIRECTOR	40.0	Officer Director	$123,098	$8,015	$131,113
VIRGIL HATCH	TRUSTEE	1.0	Director	$0	$0	$0
DAVID STONE	TRUSTEE	1.0	Director	$0	$0	$0
KENT SEARLE	TRUSTEE	1.0	Director	$0	$0	$0
KONROD MORRIS	PRESIDENT	1.0	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	No data	No data	No data	No data
2023	$2,482,101	$3,057,815	$2,032,283	$-575,714
2022	$3,557,148	$3,704,717	$2,688,765	$-147,569
2021	$4,461,446	$4,158,976	$2,917,726	$302,470
2020	$4,522,220	$4,515,922	$2,923,027	$6,298
2019	$4,604,655	$4,430,932	$2,634,048	$173,723
2018	$4,563,343	$4,277,594	$2,974,352	$285,749

HOUSE OF NEW HOPE INC