NEW HOPE EMPOWERMENT CENTER INC

EIN: 383751076 501(c)(3) Religion

Haines City, FL

Total Revenue
$91,432
Total Expenses
$17,561
Total Assets
$304,892
Net Assets
$253,201
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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
2007
Legal Domicile
FL
Tax Period
2023-01-01 to 2023-12-31

NEW HOPE EMPOWERMENT CENTER INC, founded in 2007, is a micro nonprofit in the Religion sector that reported $91K in total revenue in fiscal year 2023. Revenue fell 57% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $74K, a strong 81% operating margin.

Mission

TO MINISTER,TRAIN & EDUCATE YOUNG AND OLDER ADULTS ON LIFESTYLE SKILLS AND RELIGOUS EDUCATION

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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 (2023)

Revenue Breakdown

Contributions & Grants $91,432
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $91,432

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $17,561
Other Expenses $17,561
TOTAL EXPENSES $17,561

Year-over-Year Comparison

2023 2022 Change
Revenue $91,432 $211,400 -0.6%
Expenses $17,561 $56,850 -0.7%
Net Income $73,871 $154,550 -0.5%
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
5
Independent Members
3
Employees
1
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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY RICHARDSON PRESIDENT 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
2023 $91,432 $17,561 $304,892 $73,871
2021 $209,584 $49,198 $212,077 $160,386
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