FOUNDATION OF HOPE MINISTRIES 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

2022

Legal Domicile

Phone

7046225603

Tax Period

2024-01-01 to 2024-12-31

FOUNDATION OF HOPE MINISTRIES INC, founded in 2022, is a micro nonprofit in the Human Services sector that reported $62K in total revenue in fiscal year 2024. Expenses of $58K left a modest 6% surplus.

Mission

FOHM WAS FORMED TO SOLVE SYSTEMIC ISSUES WITH HOMELESSNESS, INDIVIDUALS FACING UNSTABLE HOUSING, THOSE WHO REQUIRE ASSISTANCE FOR A SPECIFIC CONCERN LACKING THE FINANCIAL MEANS TO OVERCOME IT AND CHILDREN AFFECTED BY SUCH ISSUES AND THE EFFECTS OF POVERTY.

Program Service Accomplishments

Program 1

Expenses: $57,945 Revenue: $61,886

THE OBJECTIVE OF THE FOUNDATION IS TO SOLVE THESE CONDITIONS BY SERVING AS A CATALYST AND LONGTERM ADVOCATE TO ACHIEVE SAFE HOUSING, APPROPRIATE EDUCATION, AND TRAINING, REMOVING INDIVIDUALS FROM...

THE OBJECTIVE OF THE FOUNDATION IS TO SOLVE THESE CONDITIONS BY SERVING AS A CATALYST AND LONGTERM ADVOCATE TO ACHIEVE SAFE HOUSING, APPROPRIATE EDUCATION, AND TRAINING, REMOVING INDIVIDUALS FROM UNSAFE SITUATION, AND MINISTERING TO THE INDIVIDUALS SPECIFIC NEEDS, WHICH WILL ULTIMATELY RESULT IN A POSITIVE STABEL LIFESTYLE.

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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 $61,886

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $61,886

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,945

Other Expenses $57,945

TOTAL EXPENSES $57,945

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,886	$60,603	+0.0%
Expenses	$57,945	$40,901	+0.4%
Net Income	$3,941	$19,702	-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
DYRITA ELLIS	BOARD MEMBER	10.00	Director	$0	$0	$0
KATHI PERKINS	BOARD MEMBER	10.00	Director	$0	$0	$0
KHALIL NASSAR	BOARD MEMBER	10.00	Director	$0	$0	$0
PAMELA NAVEY	DIRECTOR & TREASURER	20.00	Officer	$0	$0	$0
KAREN KIDD	PRESIDENT & SECRETARY	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
2024	$61,886	$57,945	$31,172	$3,941
2023	$60,603	$40,901	$27,231	$19,702
2022	$32,440	$24,911	$7,529	$7,529