MINISTRY OF HOPE INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

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

To empower communities to provide for orphans and the vulnerable, and to create a promising future through economic development, education and medical care programs.

Program Service Accomplishments

Program 1

Expenses: $335,852 Revenue: $188,723

COMMUNITY BASED CENTERS The centers provide for the basic needs of orphans and widows through feeding programs, but also focus on community development programs with long-term sustainability. Six...

COMMUNITY BASED CENTERS The centers provide for the basic needs of orphans and widows through feeding programs, but also focus on community development programs with long-term sustainability. Six centers operate in the rural areas outside of Lilongwe, the capital city in central Malawi. Programs are community based, operated by Ministry of Hope, Malawi (a Malawi-based NGO) in conjunction with village leadership and volunteers. Food is raised at the centers, supplemented with purchased food as needed. Increasing emphasis is on development programs and income generating projects that will allow the community to provide for their members.

Program 2

Expenses: $89,900 Revenue: $76,844

EDUCATION SCHOLARSHIP PROGRAM This program supports higher education for high school, college and trade school students, thus allowing children to escape the cycle of poverty, help their families and communities, and strengthen the national economy. Scholarships go to the best and brightest, most hardworking and successful students. This in turn inspires other children to work hard in school.

Program 3

Expenses: $24,100 Revenue: $15,333

MOBILE MEDICAL CLINIC PROJECT Since 2008 Ministry of Hope has sponsored a mobile medical clinic in communities that would otherwise have limited access to any form of medical care. The clinic is...

MOBILE MEDICAL CLINIC PROJECT Since 2008 Ministry of Hope has sponsored a mobile medical clinic in communities that would otherwise have limited access to any form of medical care. The clinic is staffed by a medical director, physician assistants, nurses, volunteers from U.S. churches and service groups. The Mobile Medical Clinic has been registered and approved to operate by the Malawian government. A clinic bus transports staff, testing equipment and a mobile pharmacy on monthly visits to MOH communities. The clinics provide basic services such as physical exams, malaria testing and drugs such as anti-malarials, antibiotics and analgesics.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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