Good Hope Inc (EIN 384025461) - 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

2017

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Good Hope Inc, founded in 2017, is a small nonprofit in the Health Care sector that reported $169K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $151K left a modest 11% surplus.

Mission

TO SUPPORT VARIOUS CHARITABLE PURPOSES

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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 $168,787

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $168,787

Expense Breakdown

Grants Paid $0

Salaries & Benefits $32,903

Fundraising Expenses $0

Other Expenses $117,962

TOTAL EXPENSES $150,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$168,787	$235,085	-0.3%
Expenses	$150,865	$202,035	-0.3%
Net Income	$17,922	$33,050	-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

Governance

Voting Members

N/A

Independent Members

N/A

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

$15,600

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Charles Rukwaro	President	20	Director	$15,600	$0	$15,600
Timothy Schmidt	Director	1	Director	$0	$0	$0
Michael Satterwhite	Director	1	Director	$0	$0	$0
Mamatha Bhagavan	Treasurer	1	Director	$0	$0	$0
Leighton O'Connor	Secretary	1	Director	$0	$0	$0
Gerald Jamgochian	Director	1	Director	$0	$0	$0
Damaris Connors	Foods Director	10		$8,280	$0	$8,280
Deborah Parker	Accountant	5		$6,358	$0	$6,358

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	$168,787	$150,865	$109,861	$17,922
2022	$235,085	$202,035	$318,477	$33,050

Good Hope Inc