MICHAELS HOUSE OF HOPE INC

EIN: 371376299 501(c)(3) Human Services

TYLER, TX

Total Revenue
N/A
Total Expenses
$5,010
Total Assets
$758,053
Net Assets
$758,053
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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
1998
Legal Domicile
TX
Principal Officer
RUDY J BOND
Tax Period
2022-01-01 to 2022-12-31

Mission

TO ESTABLISH AND MAINTAIN AN EVANGELISM MINISTRY AS A SPIRITUAL REFUGE HAVEN TO MINISTER TO THE INDIGENT, AGED, INFIRMED OR SPIRITUALLY EMOTIONALLY OR FINANCIALLY BURDENED OR ABUSED OR NEGLECTED PERSONS, CHILDREN, UNWED MOTHERS AND THOSE BOUND BY SUBSTANCE ABUSE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $5,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $5,000
Other Expenses $10
TOTAL EXPENSES $5,010

Year-over-Year Comparison

2022 2021 Change
Revenue N/A N/A N/A
Expenses $5,010 $3,787 +0.3%
Net Income N/A $-3,787 N/A
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
2
Independent Members
2
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
1
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUDY J BOND CHAIRMAN 10.00
Officer Director
$0 $0 $0
CAROLYN J BOND TREASURER 5.00
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
2022 No data $5,010 $758,053 No data
2021 No data $3,787 $763,063 No data
2020 No data $7,899 $766,850 No data
2019 No data $17,480 $883,230 No data
2018 $96,645 $44,298 $925,710 $52,347
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