GREATER HOPES 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

1997

Legal Domicile

Principal Officer

BRIAN GILBERT

Phone

6164510245

Tax Period

2023-01-01 to 2023-12-31

GREATER HOPES INC, founded in 1997, is a small nonprofit in the Human Services sector that reported $404K in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $349K left a modest 14% surplus.

Mission

PROVIDE ADOPTION SERVICES FOR CHILDREN AND FAMILIES

Program Service Accomplishments

Program 1

Expenses: $140,970

NAICS CODE 624110: NONRESIDENTIAL SOCIAL ASSISTANCE SERVICES FOR CHILDREN AND YOUTH. OUR SOLE PROGRAM SERVICE INVOLVES SERVING FAMILIES IN VARIOUS STAGES OF THE ADOPTION PROCESS TO EDUCATE AND...

NAICS CODE 624110: NONRESIDENTIAL SOCIAL ASSISTANCE SERVICES FOR CHILDREN AND YOUTH. OUR SOLE PROGRAM SERVICE INVOLVES SERVING FAMILIES IN VARIOUS STAGES OF THE ADOPTION PROCESS TO EDUCATE AND EVALUATE THEM FOR ADOPTION IN ORDER TO APPROVE THEM TO BECOME AVAILABLE TO ADOPT A CHILD. APPROVED FAMILIES THEN RECEVIE OPTIONS COUNSELING WITH THE ULTIMATE GOAL OF ADOPTION PLANS BEING MADE TO PLACE THE CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $7,008

Program Service Revenue $397,360

Investment Income $10

Other Revenue $40

TOTAL REVENUE $404,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $297,446

Fundraising Expenses $0

Program Expenses $230,586

Other Expenses $51,649

TOTAL EXPENSES $349,095

Year-over-Year Comparison

	2023	2022	Change
Revenue	$404,418	$340,611	+0.2%
Expenses	$349,095	$369,333	-0.1%
Net Income	$55,323	$-28,722	-2.9%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RYAN AVERY	SECRETARY	1.00	Officer Director	$0	$0	$0
BRIAN GILBERT	PRESIDENT	1.00	Officer Director	$0	$0	$0
CHRISTINA GILBERT	TREASURER	1.00	Officer 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	No data	No data	No data	No data
2023	$404,418	$349,095	$236,881	$55,323
2022	$340,611	$369,333	$221,801	$-28,722
2021	$290,403	$286,701	$216,585	$3,702
2020	$219,367	$212,299	$234,659	$7,068