REFUGE OF HOPE MINISTRIES

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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

2001

Legal Domicile

Principal Officer

SCOTT SCHNYDERS

Phone

3304531785

Tax Period

2024-01-01 to 2024-12-31

REFUGE OF HOPE MINISTRIES, founded in 2001, is a community nonprofit in the Religion sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $3.5M left a modest 10% surplus.

Mission

GLORIFY AND SERVE GOD BY PROVIDING MEALS FOR HUNGRY MEN, WOMEN, AND CHILDREN, EMERGENCY SHELTER AND TRANSITION TO INDEPENDENCE FOR HOMELESS MEN, AND SPIRITUAL HOPE THROUGH JESUS CHRIST.

Program Service Accomplishments

Program 1

Expenses: $977,486

THE ORGANIZATION PROVIDES SHELTER NIGHTLY TO HOMELESS MEN. 18,810 NIGHTS OF SHELTER WERE GIVEN DURING THE YEAR AND $716,604 IN CLOTHING, PERSONAL PRODUCTS, FURNITURE, AND HOUSEHOLD GOODS WAS...

THE ORGANIZATION PROVIDES SHELTER NIGHTLY TO HOMELESS MEN. 18,810 NIGHTS OF SHELTER WERE GIVEN DURING THE YEAR AND $716,604 IN CLOTHING, PERSONAL PRODUCTS, FURNITURE, AND HOUSEHOLD GOODS WAS DISTRIBUTED TO MEN IN THE SHELTER, AS WELL AS MEN, WOMEN, AND CHILDREN MEAL GUESTS AND THE COMMUNITY AT LARGE IN 2024. IN ADDITION, 106 MEN WERE TRANSITIONED FROM HOMELESSNESS TO INDEPENDENCE IN 2024.

Program 2

Expenses: $747,082

THE ORGANIZATION PROVIDES HOT MEALS TO THOSE IN NEED, SERVING FIVE DINNERS AND FOUR LUNCHES WEEKLY. BREAKFAST AND LUNCH ARE ALSO SERVED DAILY TO THE SHELTERED MEN. NUMBER OF MEALS SERVED FROM MEAL...

THE ORGANIZATION PROVIDES HOT MEALS TO THOSE IN NEED, SERVING FIVE DINNERS AND FOUR LUNCHES WEEKLY. BREAKFAST AND LUNCH ARE ALSO SERVED DAILY TO THE SHELTERED MEN. NUMBER OF MEALS SERVED FROM MEAL MINISTRY IN 2024 WAS 112,085. $496,101 IN FOOD DONATED TO OUR ORGANIZATION WAS DISTRIBUTED TO THOSE IN NEED IN 2024.

Program 3

Expenses: $1,073,050

THE ORGANIZATION ALSO RUNS A COMMUNITY AWARENESS PROGRAM TO PROVIDE INFORMATION TO HELP THE COMMUNITY GAIN AN UNDERSTANDING OF THE PHYSICAL AND EMOTIONAL NEEDS OF HOMELESS INDIVIDUALS AND TO PARTNER WITH OTHERS IN THE COMMUNITY TO HELP MOVE INDIVIDUALS TOWARD SELF-RESPECT AND SELF-SUFFICIENCY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,736,104

Program Service Revenue $0

Investment Income $153,717

Other Revenue $-10,900

TOTAL REVENUE $3,878,921

Expense Breakdown

Grants Paid $126,922

Salaries & Benefits $1,275,315

Fundraising Expenses $412,469

Program Expenses $2,797,618

Other Expenses $2,039,528

TOTAL EXPENSES $3,496,444

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,878,921	$3,357,315	+0.2%
Expenses	$3,496,444	$2,861,376	+0.2%
Net Income	$382,477	$495,939	-0.2%

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

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

Volunteers

250

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

$176,551

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE CORDOVA	PRESIDENT	2.00	Officer Director	$0	$0	$0
ED LAUBACHER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNN RAMSBURG	TREASURER	2.00	Officer Director	$0	$0	$0
JIM FEDORKA	DIRECTOR	2.00	Director	$0	$0	$0
MICKEY LAWVER	DIRECTOR	2.00	Director	$0	$0	$0
BILL MORGENSTERN	DIRECTOR	2.00	Director	$0	$0	$0
GREG WAGLER	DIRECTOR	2.00	Director	$0	$0	$0
JIM WEISBURN	DIRECTOR	2.00	Director	$0	$0	$0
GREG WOLFE	DIRECTOR	2.00	Director	$0	$0	$0
RANDY SNOW	DIRECTOR	2.00	Director	$0	$0	$0
KYLE BAST	DIRECTOR	2.00	Director	$0	$0	$0
SCOTT SCHNYDERS	CEO	40.00	Officer	$100,000	$2,527	$102,527
DUANE WYKOFF	CEO	40.00	Officer	$74,024	$0	$74,024

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	$3,878,921	$3,496,444	$10,430,759	$382,477
2023	$3,357,315	$2,861,376	$9,982,849	$495,939
2022	$3,167,454	$2,334,520	$9,424,594	$832,934
2021	$3,214,948	$2,017,706	$8,587,366	$1,197,242
2020	$2,634,332	$1,894,492	$7,384,768	$739,840
2019	$1,246,569	$1,850,922	$6,988,447	$-604,353
2018	$2,629,835	$1,704,615	$7,665,097	$925,220