HOPE HOUSE OF ITASCA COUNTY INC (EIN 363415460) - 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

1985

Legal Domicile

Principal Officer

SUSAN MARCHEL

Phone

2183279944

Tax Period

2024-01-01 to 2024-12-31

HOPE HOUSE OF ITASCA COUNTY INC, founded in 1985, is a community nonprofit in the Mental Health sector that reported $2.1M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $2.4M exceeded revenue, resulting in a 15% operating deficit.

Mission

HALFWAY HOUSE & TREATMENT PROVIDER FOR CHEMICALLY DEPENDENT INDIVIDUALS

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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 $362,864

Program Service Revenue $1,689,187

Investment Income $18,002

Other Revenue $0

TOTAL REVENUE $2,070,053

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,689,251

Fundraising Expenses $0

Program Expenses $2,192,145

Other Expenses $698,565

TOTAL EXPENSES $2,387,816

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,070,053	$2,382,741	-0.1%
Expenses	$2,387,816	$2,394,096	0.0%
Net Income	$-317,763	$-11,355	+27.0%

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

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

$107,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM MARTINETTO	PRESIDENT	1.00	Director	$0	$0	$0
TONY SERRATORE	V. PRESIDENT	1.00	Director	$0	$0	$0
MIKE JASPER	SECRETARY/TR	1.00	Director	$0	$0	$0
JULIE MILJEVICH	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN MARCHEL	EXEC. DIRECT	40.00	Officer	$95,578	$11,422	$107,000

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	$2,070,053	$2,387,816	$2,455,802	$-317,763
2023	$2,382,741	$2,394,096	$2,805,912	$-11,355
2022	$1,871,034	$2,166,733	$2,791,187	$-295,699
2021	$2,031,709	$2,005,131	$3,099,793	$26,578
2020	$1,835,221	$2,213,740	$3,096,868	$-378,519
2019	$2,226,286	$2,243,229	$3,447,554	$-16,943
2018	$2,165,966	$2,243,653	$3,473,591	$-77,687

HOPE HOUSE OF ITASCA COUNTY INC