LIVING HOPE MINISTRIES

EIN: 411769736 501(c)(3) Youth Development

MINNEAPOLIS, MN

Total Revenue
$123,632
Total Expenses
$109,679
Total Assets
$548,348
Net Assets
$76,101
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
MN
Principal Officer
STEVEN MOEN
Phone
6127892244
Tax Period
2023-01-01 to 2023-12-31

LIVING HOPE MINISTRIES, founded in 1994, is a small nonprofit in the Youth Development sector that reported $124K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $110K left a modest 11% surplus.

Mission

ORGANIZATION PROVIDES YOUTH SERVICES AFTER SCHOOL AND DURING THE SUMMER MONTHS IN ORDER TO HELP FURTHER THEIR EDUCATION AND /OR HELP KEEP THEM IN SCHOOL.

Program Service Accomplishments

Program 1
Expenses: $91,515 Revenue: $24,420

HELPING YOUTH IN NORTHEAST MINNEAPOLIS AFTER SCHOOL AND DURING SUMMER VACATION IN ORDER TO HELP KEEP THEM IN SCHOOL AND FURTHERING THEIR EDUCATION.

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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 (2023)

Revenue Breakdown

Contributions & Grants $100,186
Program Service Revenue $24,420
Investment Income $2
Other Revenue $-976
TOTAL REVENUE $123,632

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,196
Fundraising Expenses $15,162
Program Expenses $91,515
Other Expenses $57,483
TOTAL EXPENSES $109,679

Year-over-Year Comparison

2023 2022 Change
Revenue $123,632 $190,566 -0.4%
Expenses $109,679 $174,028 -0.4%
Net Income $13,953 $16,538 -0.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
3
Employees
2
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
$30,325
Total Directors
3
$30,325
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN MOEN EXEC DIR/PRE 40.00
Officer Director
$30,325 $0 $30,325
DAN CAYEMBERG SECRETARY 2.00
Director
$0 $0 $0
DAVE COMFORT MEMBER AT LA 2.00
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
2024 No data No data No data No data
2023 $123,632 $109,679 $548,348 $13,953
2022 $190,566 $174,028 $559,627 $16,538
2021 $155,708 $129,665 $578,252 $26,043
2020 $123,719 $218,004 $566,033 $-94,285
2019 $119,521 $137,281 $553,952 $-17,760
2018 $149,108 $122,250 $540,380 $26,858
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