WORD OF HOPE MINISTRIES INC (EIN 391857844) - 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

1996

Legal Domicile

Principal Officer

LORETTA HOWARD

Phone

4144471965

Tax Period

2023-01-01 to 2023-12-31

WORD OF HOPE MINISTRIES INC, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 118% from the prior year, signaling strong growth momentum. Expenses of $1.3M left a modest 9% surplus.

Mission

Provide an array of supportive services to the community including: social services, employment, health care, literacy, AODA, computer skills and small business development.

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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 $1,452,172

Program Service Revenue $2,904

Investment Income $821

Other Revenue $0

TOTAL REVENUE $1,455,897

Expense Breakdown

Grants Paid $0

Salaries & Benefits $415,670

Fundraising Expenses $1,247

Program Expenses $1,279,583

Other Expenses $915,636

TOTAL EXPENSES $1,331,306

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,455,897	$668,028	+1.2%
Expenses	$1,331,306	$638,420	+1.1%
Net Income	$124,591	$29,608	+3.2%

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

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

$29,800

Total Directors

$29,800

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR CH MCCLELLAND	PRESIDENT & CEO	10.0	Officer Director	$29,800	$0	$29,800
PRENTISS MCCLELLAND	VICE PRESIDENT	40.0	Officer Director	$0	$0	$0
DAVID BROWN	DIRECTOR	1.0	Director	$0	$0	$0
DENICE FIELDS-RUSSELL	DIRECTOR	1.0	Director	$0	$0	$0
GREGORY MOORE	DIRECTOR	1.0	Director	$0	$0	$0
CEDRIC CORNWALL	DIRECTOR	1.0	Director	$0	$0	$0
WILBERT TAYLOR	DIRECTOR	1.0	Director	$0	$0	$0
MARVIN PRATT	DIRECTOR	1.0	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
2024	No data	No data	No data	No data
2023	$1,455,897	$1,331,306	$199,060	$124,591
2022	$668,028	$638,420	$236,962	$29,608
2021	$241,845	$238,503	$62,016	$3,342
2020	$266,488	$263,274	$55,411	$3,214
2019	$331,342	$386,940	$64,031	$-55,598
2018	$375,195	$468,796	$113,786	$-93,601

WORD OF HOPE MINISTRIES INC