HOPE CENTER

EIN: 411354670 501(c)(3) Human Services

Faribault, MN

Total Revenue
$737,397
Total Expenses
$710,462
Total Assets
$509,034
Net Assets
$481,047
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
MN
Principal Officer
Erica Staab Absher
Phone
5073320882
Tax Period
2024-07-01 to 2025-06-30

HOPE CENTER, founded in 1979, is a small nonprofit in the Human Services sector that reported $737K in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $710K left a modest 4% surplus.

Mission

The mission of Hope Center is to create zero tolerance for sexual and domestic violence through healing, outreach, prevention and education. Through innovative programming, we offer direct support to victims of violence in Rice County, collaborative support to other organizations that serve victims, and educational support to the entire community.

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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 (2024)

Revenue Breakdown

Contributions & Grants $736,430
Program Service Revenue $0
Investment Income $967
Other Revenue $0
TOTAL REVENUE $737,397

Expense Breakdown

Grants Paid $0
Salaries & Benefits $411,288
Fundraising Expenses $14,766
Program Expenses $560,049
Other Expenses $299,174
TOTAL EXPENSES $710,462

Year-over-Year Comparison

2024 2023 Change
Revenue $737,397 $605,391 +0.2%
Expenses $710,462 $580,761 +0.2%
Net Income $26,935 $24,630 +0.1%
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
10
Independent Members
10
Employees
7
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
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keri Simon Board Member 0
Director
$0 $0 $0
Susan Slater Board Member 0
Director
$0 $0 $0
Suzanne Terry Board Member 0
Director
$0 $0 $0
Joe Babcock Board Member 0
Director
$0 $0 $0
Jesse Thomas Vice Chair 0
Director
$0 $0 $0
Stephen Hochheiser Board Chair 0
Officer Director
$0 $0 $0
Brian Kramer Board Member 0
Director
$0 $0 $0
Kathryn Burbank Board Member 0
Director
$0 $0 $0
Suzy Rook Board Member 0
Director
$0 $0 $0
Tiffany Breckenridge Board Member 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
2025 $737,397 $710,462 $509,034 $26,935
2024 $605,391 $580,761 $461,932 $24,630
2023 $551,010 $503,432 $440,823 $47,578
2022 $510,607 $450,836 $451,834 $59,771
2022 $510,076 $456,630 $427,821 $53,446
2021 $413,066 $356,603 $408,993 $56,463
2020 $407,706 $366,917 $391,093 $40,789
2019 $439,232 $414,407 $396,390 $24,825
2018 $430,264 $409,001 $400,760 $21,263
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