Children's HopeChest

EIN: 330430285 501(c)(3) International Affairs

Palmer Lake, CO

Total Revenue
$7,614,041
Total Expenses
$6,828,705
Total Assets
$2,475,663
Net Assets
$2,203,886
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1990
Legal Domicile
CA
Principal Officer
Ken Sparks
Phone
7194877800
Tax Period
2024-10-01 to 2025-09-30

Children's HopeChest, founded in 1990, is a community nonprofit in the International Affairs sector that reported $7.6M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.8M left a modest 10% surplus.

Mission

Inspired by Christ's love, Children's HopeChest releases the potential existing within vulnerable communities, starting with the children.

Program Service Accomplishments

Program 1
Expenses: $3,869,961

Children's HopeChest develops highly relational, community-to-community partnerships between Christian communities in North America and communities of orphaned and vulnerable children in 5 countries...

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Children's HopeChest develops highly relational, community-to-community partnerships between Christian communities in North America and communities of orphaned and vulnerable children in 5 countries. We believe the most transformational, holistic, sustainable, and long-term change occurs when one community partners with another. Children's HopeChest engages churches, businesses, and other Christian communities in long-term partnerships that help orphans, vulnerable children and their communities survive, thrive and succeed within their home cultures by:* Empowering local leaders to share the Gospel, reduce poverty, and create self-sufficiency for every child, their homestead, and the greater community.* Equipping partnering communities to directly engage in healthy, international development practices.* Addressing the complex causes of poverty, including material, spiritual, emotional, social, economic, and educational needs.* Tending to the child's holistic needs for survival, community, education, and employment.* Transforming the lives of children through a focus on sustainability, independence, and long-term self-sufficiency,* Transforming the lives of the partnering community members through exposure, education, relationship, and service.

Program 2
Expenses: $832,777

Development projects involve the setup of such infrastructure as water systems, community centers (CarePoints), latrines, showers, schools, and libraries. They also fund sustainability - promoting...

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Development projects involve the setup of such infrastructure as water systems, community centers (CarePoints), latrines, showers, schools, and libraries. They also fund sustainability - promoting programs that include artisanship, agriculture, animal husbandry, micro-finance, small business establishment, and vocational and entrepreneurial business leadership. These projects help HopeChest reach the broadest audience surrounding orphaned and vulnerable children within highly impoverished and vulnerable communities.

Program 3
Expenses: $509,397

HopeChest Vision Trips and Partner Visits facilitate up-close and hands-on service and relationship building for partners desiring the personal touch and experience of connecting to their partnered...

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HopeChest Vision Trips and Partner Visits facilitate up-close and hands-on service and relationship building for partners desiring the personal touch and experience of connecting to their partnered CarePoint or Project. These relationship-building visits are key to building trust and involvement in the long-term relationship with these communities.

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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 $7,536,042
Program Service Revenue $0
Investment Income $77,999
Other Revenue $0
TOTAL REVENUE $7,614,041

Expense Breakdown

Grants Paid $2,408,979
Salaries & Benefits $2,238,321
Fundraising Expenses $921,903
Program Expenses $5,212,135
Other Expenses $2,181,405
TOTAL EXPENSES $6,828,705

Year-over-Year Comparison

2024 2023 Change
Revenue $7,614,041 $6,679,499 +0.1%
Expenses $6,828,705 $6,319,564 +0.1%
Net Income $785,336 $359,935 +1.2%
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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Governance

Voting Members
7
Independent Members
6
Employees
16
Volunteers
1000

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
5
$309,977
Total Directors
7
$189,547
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ken Sparks President and CEO 40.00
Officer Director
$177,712 $11,835 $189,547
Brynn Albretsen Board Chairperson 1.00
Officer Director
$0 $0 $0
Kevin Townsend Board Vice-Chair 1.00
Officer Director
$0 $0 $0
Susan Ellefson Board Treasurer 1.00
Officer Director
$0 $0 $0
Nate Kaunley Board Director 1.00
Director
$0 $0 $0
Nick Besbeas Board Director 1.00
Director
$0 $0 $0
Dan Schepmann Board Director 1.00
Director
$0 $0 $0
Leona Strait Controller 40.00
Officer
$114,039 $6,391 $120,430
Wil Crooks VP of Strategic Partnerships 40.00
Highest
$121,368 $6,284 $127,652
Rachel Andrews VP of International Operations 40.00
Highest
$110,927 $12,153 $123,080
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
2025 $7,614,041 $6,828,705 $2,475,663 $785,336
2024 $6,679,499 $6,319,564 $1,758,726 $359,935
2023 $6,414,523 $6,147,610 $1,493,041 $266,913
2022 $5,781,383 $5,668,100 $1,198,325 $113,283
2021 $6,050,529 $6,100,843 $967,162 $-50,314
2020 $7,657,455 $7,236,056 $1,050,014 $421,399
2019 $8,013,794 $8,063,130 $676,672 $-49,336
2018 $7,318,147 $8,412,923 $634,582 $-1,094,776
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