MINISTRY OF HOPE INC (EIN 352182466) - 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

2004

Legal Domicile

Principal Officer

REX V HOFFMAN

Phone

8286696180

Tax Period

2023-01-01 to 2023-12-31

MINISTRY OF HOPE INC, founded in 2004, is a small nonprofit in the Religion sector that reported $464K in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year.

Mission

A Christian ministry serving orphans and the vulnerable in Malawi Africa through community development education and medical care

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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 $464,064

Program Service Revenue $0

Investment Income $7

Other Revenue $0

TOTAL REVENUE $464,071

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $10,726

Program Expenses $464,142

Other Expenses $499,168

TOTAL EXPENSES $499,168

Year-over-Year Comparison

	2023	2022	Change
Revenue	$464,071	$508,578	-0.1%
Expenses	$499,168	$526,065	-0.1%
Net Income	$-35,097	$-17,487	+1.0%

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
REX V HOFFMAN	PRESIDENT AND CHAIRMAN	N/A	Officer Director	$0	$0	$0
JANET S WELLS	VICE CHAIR	N/A	Officer Director	$0	$0	$0
PATRICIA A JOHNSON	SECRETARY	N/A	Officer Director	$0	$0	$0
WILLIAM L GRAYSON	TREASURER	N/A	Officer Director	$0	$0	$0
JAMES M SKIDMORE JR	ASSISTANT TREASURER	N/A	Officer Director	$0	$0	$0
KAREN BENNETT	DIRECTOR	N/A	Director	$0	$0	$0
CARMEL A COURTRIGHT-PUTNAM	DIRECTOR	N/A	Director	$0	$0	$0
DONNA KAMINSKI DO	DIRECTOR	N/A	Director	$0	$0	$0
VAN KORNEGAY	DIRECTOR	N/A	Director	$0	$0	$0
REV DR MARILYN MANNING	DIRECTOR	N/A	Director	$0	$0	$0
MARY F REAGAN	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT M RODEHAVER	DIRECTOR	N/A	Director	$0	$0	$0
HELEN L ZIMBA	DIRECTOR	N/A	Director	$0	$0	$0
ELIZABETH DALEY	DIRECTOR	N/A	Director	$0	$0	$0
GLENN E TAYLOR	DIRECTOR	N/A	Director	$0	$0	$0
DAVID FREY	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$464,071	$499,168	$118,112	$-35,097
2022	$508,578	$526,065	$153,210	$-17,487
2021	$460,404	$415,237	$170,696	$45,167
2020	$389,711	$362,793	$127,866	$26,918
2019	$330,249	$379,934	$101,440	$-49,685
2018	$373,938	$366,803	$152,588	$7,135

MINISTRY OF HOPE INC