HOPEWELL

EIN: 341739967 501(c)(3) Health Care

MIDDLEFIELD, OH

Total Revenue
$8,824,260
Total Expenses
$8,206,539
Total Assets
$33,786,090
Net Assets
$32,990,859
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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
1993
Legal Domicile
OH
Principal Officer
WILLIAM A WORTZMAN
Phone
4404262000
Tax Period
2024-01-01 to 2024-12-31

HOPEWELL, founded in 1993, is a community nonprofit in the Health Care sector that reported $8.8M in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $8.2M left a modest 7% surplus.

Mission

PROVIDING RESIDENTIAL TREATMENT FOR ADULTS WITH SEVERE MENTAL ILLNESS.

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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 $1,650,315
Program Service Revenue $6,633,113
Investment Income $663,754
Other Revenue $-122,922
TOTAL REVENUE $8,824,260

Expense Breakdown

Grants Paid $3,076,569
Salaries & Benefits $3,358,341
Fundraising Expenses $316,348
Program Expenses $7,382,234
Other Expenses $1,771,629
TOTAL EXPENSES $8,206,539

Year-over-Year Comparison

2024 2023 Change
Revenue $8,824,260 $12,713,945 -0.3%
Expenses $8,206,539 $7,128,645 +0.2%
Net Income $617,721 $5,585,300 -0.9%
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

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Governance

Voting Members
21
Independent Members
21
Employees
68
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
6
$209,398
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
COLLEEN WELDER ACTING CEO 40.00
Officer
$110,960 $0 $110,960
DAVE SHUTE CEO (01/01/2024-05/01/2024) 40.00
Officer
$98,438 $0 $98,438
PETER ANAGNOSTOS BOARD MEMBER 3.00
Director
$0 $0 $0
WILLIAM BRAUN BOARD MEMBER 3.00
Director
$0 $0 $0
CHRISTOPHER BROOKES BOARD MEMBER 1.00
Director
$0 $0 $0
GEOFREY GREENLEAF BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT HARTFORD BOARD MEMBER 1.00
Director
$0 $0 $0
JIM KOUTRODIMOS BOARD MEMBER 1.00
Director
$0 $0 $0
EMILY MCCONNELL BOARD MEMBER 1.00
Director
$0 $0 $0
THOMAS MORLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JANAE PETERS BOARD MEMBER 1.00
Director
$0 $0 $0
CLARA RANKIN LIFE TRUSTEE 1.00
Director
$0 $0 $0
ROGER RANKIN BOARD MEMBER 1.00
Director
$0 $0 $0
MAX SCHUBERT BOARD MEMBER 1.00
Director
$0 $0 $0
CHLOE SEELBACH VICE CHAIR 1.00
Officer Director
$0 $0 $0
RACHAEL SEIBERT BOARD MEMBER 1.00
Director
$0 $0 $0
SUZANNE TAIGEN BOARD MEMBER 1.00
Director
$0 $0 $0
JOSEPH F VERCIGLIO SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID VINCENT CHAIR 1.00
Officer Director
$0 $0 $0
TODD WELKI BOARD MEMBER 1.00
Director
$0 $0 $0
SUSAN WESTLAKE BOARD MEMBER 1.00
Director
$0 $0 $0
STEPHEN WILLIGER BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM WORTZMAN TREASURER 5.00
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 $8,824,260 $8,206,539 $33,786,090 $617,721
2023 No data No data No data No data
2023 $12,713,945 $7,128,645 $29,951,192 $5,585,300
2022 $7,546,709 $7,053,302 $22,124,082 $493,407
2021 $6,762,904 $6,530,217 $25,640,660 $232,687
2020 $6,451,632 $6,093,246 $22,903,713 $358,386
2019 $5,072,182 $5,240,945 $21,210,709 $-168,763
2018 $4,809,105 $5,060,938 $18,667,298 $-251,833
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