HOPE MANOR INC (EIN 341232967) - 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

1977

Legal Domicile

Principal Officer

JOSEPH ZAVAC

Phone

4192422300

Tax Period

2023-04-01 to 2024-03-31

HOPE MANOR INC, founded in 1977, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Expenses of $918K left a modest 13% surplus.

Mission

HOPE MANOR, INC. IS A NON-PROFIT OHIO CORPORATION FORMED TO ACQUIRE, OWN, AND OPERATE A 100 UNIT APARTMENT COMMUNITY KNOWN AS HOPE MANOR, LOCATED IN TOLEDO, OHIO. THE PROJECT WAS BUILT UNDER SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $0

Program Service Revenue $1,053,167

Investment Income $7,372

Other Revenue $0

TOTAL REVENUE $1,060,539

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $841,910

Other Expenses $918,321

TOTAL EXPENSES $918,321

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,060,539	$1,012,292	+0.0%
Expenses	$918,321	$886,605	+0.0%
Net Income	$142,218	$125,687	+0.1%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH ZAVAC	PRESIDENT	0.50	Officer Director	$0	$0	$0
ROBERT SEYFANG	SECRETARY	0.50	Officer Director	$0	$0	$0
ELIZABETH HAZARD	TREASURER	0.50	Officer Director	$0	$0	$0
GLENN FITKIN	TRUSTEE	0.50	Director	$0	$0	$0
WILLIAM THOMAS	TRUSTEE	0.50	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	$1,060,539	$918,321	$2,167,013	$142,218
2023	$1,012,292	$886,605	$2,128,344	$125,687
2022	$996,752	$897,028	$2,166,348	$99,724
2021	$1,000,461	$862,858	$2,183,354	$137,603
2020	$974,348	$948,019	$2,158,933	$26,329
2019	$943,979	$908,545	$2,221,080	$35,434

HOPE MANOR INC