FILTER OF HOPE INC (EIN 371751688) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

BART SMELLEY

Phone

2058871184

Tax Period

2024-01-01 to 2024-12-31

FILTER OF HOPE INC, founded in 2014, is a community nonprofit that reported $3.0M in total revenue in fiscal year 2019. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $2.7M left a modest 11% surplus.

Mission

WE EXIST TO PROVIDE CLEAN WATER AND SHARE THE GOSPEL OF JESUS CHRIST TO FAMILIES WORLDWIDE IN DESPERATE NEED OF BOTH (CONTINUED ON SCHEDULE O)

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,169,631

Program Service Revenue $0

Investment Income $120,004

Other Revenue $0

TOTAL REVENUE $9,289,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,253,027

Fundraising Expenses $89,819

Program Expenses $7,784,427

Other Expenses $5,969,665

TOTAL EXPENSES $8,222,692

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,289,635	$7,619,569	+0.2%
Expenses	$8,222,692	$6,584,133	+0.2%
Net Income	$1,066,943	$1,035,436	+0.0%

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

3500

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

$239,000

Total Directors

$239,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BART SMELLEY	FOUNDER/BOAR	50.00	Officer Director	$134,000	$105,000	$239,000
ROBBIE BARRINEAU	BOARD MEMBER	N/A	Director	$0	$0	$0
TODD COWART	BOARD MEMBER	N/A	Director	$0	$0	$0
STEVE HILLIS	BOARD CHAIRM	N/A	Director	$0	$0	$0
DR JERRY PALMER	BOARD MEMBR/	N/A	Director	$0	$0	$0
LOUISE PRICE	BOARD MEMBER	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	$9,289,635	$8,222,692	$6,148,871	$1,066,943
2024	$9,289,635	$8,222,692	$6,148,871	$1,066,943
2023	$7,619,569	$6,584,133	$4,815,433	$1,035,436
2023	$7,619,569	$6,584,133	$4,815,433	$1,035,436
2022	$5,326,237	$3,998,805	$3,207,806	$1,327,432
2021	$3,012,595	$2,580,061	$2,057,217	$432,534
2021	$2,972,860	$2,580,061	$2,057,217	$392,799
2020	$2,950,109	$2,547,229	$1,552,318	$402,880
2019	$3,011,251	$2,677,710	$1,044,910	$333,541

FILTER OF HOPE INC