RAISING HOPE INC

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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

2003

Legal Domicile

Principal Officer

ISAAC OGBOMO

Phone

4014617878

Tax Period

2024-01-01 to 2024-12-31

RAISING HOPE INC, founded in 2003, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

HOME HEALTH CARE AND FAMILY SERVICES TO THE ELDERLY AND INDIVIDUALS WITH DISABILITY AND YOUTH DEVELOPMENT ACTIVITIES AND ALSO HOUSING PROGRAM....

Program Service Accomplishments

Program 1

Expenses: $1,219,857

HOME HEALTH CARE AND FAMILY SERVICES TO THE ELDERLY AND PEOPLE WITH DISABILTY.

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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 $206,609

Program Service Revenue $953,894

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,160,503

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,126,697

Fundraising Expenses $0

Program Expenses $1,219,857

Other Expenses $93,160

TOTAL EXPENSES $1,219,857

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,160,503	$1,213,397	0.0%
Expenses	$1,219,857	$1,195,256	+0.0%
Net Income	$-59,354	$18,141	-4.3%

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

N/A

Independent Members

N/A

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

$116,093

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ISAAC OGBOMO	EXECUTIVE DIRECTOR	40.00	Officer	$116,093	$0	$116,093
ROCHELLE LEE	BOARD CHAIRPERSON	0.00	Director	$0	$0	$0
JULIO RAMOS	TREASURER	0.00	Director	$0	$0	$0
MABEL AWORINDE	DIRECTOR	0.00	Director	$0	$0	$0
REV AKIN OLAGUNJU	DIRECTOR	0.00	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
2025	No data	No data	No data	No data
2024	$1,160,503	$1,219,857	$340,294	$-59,354
2023	$1,213,397	$1,195,256	$541,480	$18,141
2022	$1,311,261	$968,981	$746,044	$342,280
2021	$898,696	$743,299	$399,339	$155,397
2020	$826,865	$668,285	$336,872	$158,580
2019	$479,442	$461,438	$32,803	$18,004