HM Life Opportunity Services

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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

1986

Legal Domicile

Principal Officer

FRED BERRY

Phone

3303841555

Tax Period

2018-07-01 to 2019-06-30

HM Life Opportunity Services, founded in 1986, is a small nonprofit that reported $496K in total revenue in fiscal year 2018. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $467K left a modest 6% surplus.

Mission

H.M. LIFE OPPORTUNITY SERVICES PROVIDES SAFE, AFFORDABLE HOUSING AND SUPPORTIVE SERVICES TO HOMELESS, SINGLE-PARENT FAMILIES WITHIN THE AKRON/SUMMIT COUNTY AREA.

Program Service Accomplishments

Program 1

Expenses: $399,742 Revenue: $25,413

PERMANENT SUPPORTIVE HOUSING: OPERATION OF 32 UNITS OF PERMANENT SUPPORTIVE HOUSING FOR HOMELESS, SINGLE-PARENT FAMILIES. PROVISION OF AFFORDABLE HOUSING, TRANSPORTATION, FOOD, CLOTHING AND...

PERMANENT SUPPORTIVE HOUSING: OPERATION OF 32 UNITS OF PERMANENT SUPPORTIVE HOUSING FOR HOMELESS, SINGLE-PARENT FAMILIES. PROVISION OF AFFORDABLE HOUSING, TRANSPORTATION, FOOD, CLOTHING AND SUPPORTIVE SERVICES. HOUSING LOCATION, FINANCIAL ASSISTANCE AND INTENSIVE CARE MANAGEMENT SERVICES FOR HOMELESS FAMILIES TRANSITIONING FROM OUR PROGRAM INTO PERMANENT COMMUNITY HOUSING. YOUTH SERVICES PROGRAM: COMPREHENSIVE PROGRAM FOR HOMELESS CHILDREN RESIDING IN PERMANENT SUPPORTIVE HOUSING. INCLUDES INTENSIVE CARE MANAGEMENT, TUTORING, ACADEMIC LIAISON SERVICES, SUMMER CAMP AND RECRETIONAL ACTIVITIES. HOMELESS PREVENTION: ONGOING CASE MANAGEMENT, WEEKLY EDUCATIONAL PROGRAMS, AND FINANCIAL ASSISTANCE FOR BASIC NECESSITIES TO KEEP INDIVIDUALS FROM SLIPPING BACK INTO HOMELESSNESS.

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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 (2018)

Revenue Breakdown

Contributions & Grants $470,342

Program Service Revenue $25,413

Investment Income $11

Other Revenue $0

TOTAL REVENUE $495,766

Expense Breakdown

Grants Paid $108,949

Salaries & Benefits $95,784

Fundraising Expenses $0

Program Expenses $399,742

Other Expenses $262,762

TOTAL EXPENSES $467,495

Year-over-Year Comparison

	2018	2017	Change
Revenue	$495,766	$1,037,935	-0.5%
Expenses	$467,495	$914,931	-0.5%
Net Income	$28,271	$123,004	-0.8%

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

N/A

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

$92,515

Total Directors