HARBOR OF HOPE INC

EIN: 320517677 501(c)(3) Human Services

MCKINNEY, TX

Total Revenue
$1,220,391
Total Expenses
$1,131,219
Total Assets
$300,894
Net Assets
$225,265
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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
2016
Legal Domicile
TX
Principal Officer
JAMI WAMPLER
Tax Period
2024-01-01 to 2024-12-31

HARBOR OF HOPE INC, founded in 2016, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 7% surplus.

Mission

STEADFASTLY PROVIDING HOPE FOR CHILDREN AND FAMILIES THROUGH PROVIDING 24/7 SUPPORT FOR CLIENTS AND FAMILIES, CASE MANAGEMENT, CONSULTATION, AND REFERRALS TO SERVICE PROVIDERS IN THE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,029,065 Revenue: $1,069,661

HARBOR OF HOPE PROVIDES CHILD CARE SERVICES AND TREATMENT SERVICES TO MALE AND FEMALE CHILDREN FROM BIRTH TO 17 (AND UP TO 22 IF THEY MEET THE SPECIFIC ELIGIBILITY CRITERIA FOR CONTINUED STAY) IN...

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HARBOR OF HOPE PROVIDES CHILD CARE SERVICES AND TREATMENT SERVICES TO MALE AND FEMALE CHILDREN FROM BIRTH TO 17 (AND UP TO 22 IF THEY MEET THE SPECIFIC ELIGIBILITY CRITERIA FOR CONTINUED STAY) IN THEIR FOSTER CARE PROGRAM.

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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 (2024)

Revenue Breakdown

Contributions & Grants $150,730
Program Service Revenue $1,069,661
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,220,391

Expense Breakdown

Grants Paid $0
Salaries & Benefits $378,600
Fundraising Expenses $0
Program Expenses $1,029,065
Other Expenses $752,619
TOTAL EXPENSES $1,131,219

Year-over-Year Comparison

2024 2023 Change
Revenue $1,220,391 $993,008 +0.2%
Expenses $1,131,219 $1,016,756 +0.1%
Net Income $89,172 $-23,748 -4.8%
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

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Governance

Voting Members
5
Independent Members
4
Employees
6
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
2
$101,275
Total Directors
5
$101,275
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMI WAMPLER EXECUTIVE DI 40.00
Officer Director
$101,275 $0 $101,275
TAMMARA ANNE EICK BOARD MEMBER 1.00
Director
$0 $0 $0
JONATHAN OVERTON BOARD MEMBER 1.00
Director
$0 $0 $0
KELLI ROGERS BOARD MEMBER 1.00
Director
$0 $0 $0
JAMI STEINER PRESIDENT 1.00
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 $1,220,391 $1,131,219 $300,894 $89,172
2023 $993,008 $1,016,756 $238,872 $-23,748
2022 $999,075 $1,035,069 $291,327 $-35,994
2021 $1,032,513 $1,004,710 $259,888 $27,803
2020 $942,982 $911,417 $238,242 $31,565
2019 $858,241 $722,995 $198,526 $135,246
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