Our Hope Association (EIN 381998209) - 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

1972

Legal Domicile

Principal Officer

Rosemary Hodges

Phone

6164512039

Tax Period

2024-10-01 to 2025-09-30

Our Hope Association, founded in 1972, is a community nonprofit that reported $3.5M in total revenue in fiscal year 2024. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 18% operating deficit.

Mission

The Organization seeks to provide a rehabilitative program in a Grand Rapids, Michigan based residential environment for women with substance abuse problems.

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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 $3,439,963

Program Service Revenue $16,728

Investment Income $5,490

Other Revenue $-8,242

TOTAL REVENUE $3,453,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,738,396

Fundraising Expenses $96,278

Program Expenses $3,199,307

Other Expenses $1,321,885

TOTAL EXPENSES $4,060,281

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,453,939	$4,616,186	-0.3%
Expenses	$4,060,281	$3,607,123	+0.1%
Net Income	$-606,342	$1,009,063	-1.6%

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

120

Volunteers

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

$156,194

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Carole Vander Pols	President	1.00	Officer Director	$0	$0	$0
Jim Tuinstra	Vice President	1.00	Officer Director	$0	$0	$0
Tom Stuit	Treasurer	1.00	Officer Director	$0	$0	$0
Julie Marklevitz	Secretary	1.00	Officer Director	$0	$0	$0
Margaret Chamberlain	Trustee	1.00	Director	$0	$0	$0
Richard Gritter	Trustee	1.00	Director	$0	$0	$0
Debra McNally	Trustee	1.00	Director	$0	$0	$0
Lisbeth Votruba	Trustee	1.00	Director Highest	$0	$0	$0
Craig Welch IV	Trustee	1.00	Director	$0	$0	$0
Mark Thompson	Trustee	1.00	Director	$0	$0	$0
Heather Greko	Former Executive Director	40.00	Officer	$115,219	$40,975	$156,194
Rosemary Hodges	Executive Director	40.00	Officer	$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	$3,453,939	$4,060,281	$6,463,763	$-606,342
2024	$4,616,186	$3,607,123	$6,946,527	$1,009,063
2023	$4,886,315	$2,747,512	$6,353,161	$2,138,803
2022	$1,653,353	$1,528,146	$3,425,689	$125,207
2021	$1,531,954	$906,721	$3,529,652	$625,233
2020	$1,172,729	$781,202	$2,821,017	$391,527
2019	$1,101,540	$717,045	$2,240,864	$384,495
2018	$948,071	$751,893	$1,953,471	$196,178

Our Hope Association