LADDERS OF HOPE USA 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

2012

Legal Domicile

Principal Officer

CAROLYN MURRAY

Phone

2694559452

Tax Period

2024-01-01 to 2024-12-31

LADDERS OF HOPE USA INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $276K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $263K left a modest 5% surplus.

Mission

THE MISSION OF LADDERS OF HOPE USA, INC. IS TO HELP INDIVIDUALS AND FAMILIES AND ALLEGAN COUNTY WITH FOOD ASSISTANCE.

Program Service Accomplishments

Program 1

Expenses: $263,488

THE LADDERS OF HOPE USA, INC. FOOD PANTRY HELPS INDIVIDUALS, FAMILIES, AND ALLEGAN COUNTY WITH FOOD ASSISTANCE. IN 2024 WE SERVED 2249 FAMILIES INCLUDING 2248 CHILDREN, 3588 ADULTS, 1208 SENIOR...

THE LADDERS OF HOPE USA, INC. FOOD PANTRY HELPS INDIVIDUALS, FAMILIES, AND ALLEGAN COUNTY WITH FOOD ASSISTANCE. IN 2024 WE SERVED 2249 FAMILIES INCLUDING 2248 CHILDREN, 3588 ADULTS, 1208 SENIOR CITIZENS AND 152 VETERANS.

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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 $267,209

Program Service Revenue $0

Investment Income $5,832

Other Revenue $3,031

TOTAL REVENUE $276,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $263,488

Other Expenses $263,488

TOTAL EXPENSES $263,488

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,072	$315,057	-0.1%
Expenses	$263,488	$250,200	+0.1%
Net Income	$12,584	$64,857	-0.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROLYN MURRAY	PRESIDENT	5.00	Officer	$0	$0	$0
JOYCE EVANS	VICE PRESIDE	5.00	Officer	$0	$0	$0
HARRY ADAMS	SECRETARY/TR	10.00	Officer	$0	$0	$0
MIKE WOHLWEND	EXECUTIVE DI	20.00	Director	$0	$0	$0
LARY BOONSTRA	BOARD MEMBER	5.00	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	$276,072	$263,488	$271,943	$12,584
2023	$315,057	$250,200	$259,359	$64,857
2022	$283,343	$257,045	$194,502	$26,298
2021	$271,620	$237,425	$168,204	$34,195
2020	$284,829	$247,940	$134,009	$36,889