THE HOPE CHEST FOR BREAST CANCER FOUNDATION

EIN: 412019565 501(c)(3) Philanthropy & Grantmaking

WAYZATA, MN

Total Revenue
$2,134,223
Total Expenses
$1,862,892
Total Assets
$2,407,758
Net Assets
$1,376,009
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2001
Legal Domicile
MN
Principal Officer
MAUREEN SCALLEN FAILOR
Phone
9524718701
Tax Period
2024-01-01 to 2024-12-31

THE HOPE CHEST FOR BREAST CANCER FOUNDATION, founded in 2001, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $1.9M left a modest 13% surplus.

Mission

THE HOPE CHEST FOR BREAST CANCER FOUNDATION PROVIDES THE QUICKEST ACCESS TO HELP WITH THE MOST URGENT DAILY LIVING NEEDS OF LOCAL BREAST CANCER PATIENTS AND THEIR FAMILIES IN MINNESOTA. HOPE CHEST EMERGENCY ASSISTANCE PROGRAMS PROVIDE EMERGENCY FINANCIAL ASSISTANCE FOR RENT, UTILITIES, TRANSPORTATION AND CHILD CARE.

Program Service Accomplishments

Program 1
Expenses: $422,987

PATIENT GRANTS PROGRAM - 297 PATIENTS SERVED. PROVIDED $173,245 IN GRANTS TO MN BREAST CANCER PATIENTS - PATIENT GRANT BROCHURE ATTACHED. WITH THE ACQUISITION OF THE RESALE STORE, WE ARE PROJECTED TO...

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PATIENT GRANTS PROGRAM - 297 PATIENTS SERVED. PROVIDED $173,245 IN GRANTS TO MN BREAST CANCER PATIENTS - PATIENT GRANT BROCHURE ATTACHED. WITH THE ACQUISITION OF THE RESALE STORE, WE ARE PROJECTED TO INCREASE OUR DISTRIBUTION BY 30%.

Program 2
Expenses: $1,164,408

RESALE STORE PROGRAM - THIS PROGRAM STARTED WHEN WE ACQUIRED THE STORE IN JUNE OF 2025. THE RESALE STORE IS A HIGH-END STORE THAT SELLS CLOTHING, JEWELRY, ART, AND FURNITURE. WE ANTICIPATE THAT IN...

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RESALE STORE PROGRAM - THIS PROGRAM STARTED WHEN WE ACQUIRED THE STORE IN JUNE OF 2025. THE RESALE STORE IS A HIGH-END STORE THAT SELLS CLOTHING, JEWELRY, ART, AND FURNITURE. WE ANTICIPATE THAT IN 2025 WE WILL INCREASE THE FOUNDATION REVENUE BY $1.1 MILLION. NO DATA IS AVAILABLE ABOUT CUSTOMER TRAFFIC ETC. IN 2024. TRACKING IS IN PLACE FOR 2025. DONATIONS ARE MADE BY INVIDIUDALS, ESTATES, AND RETAILERS IN THE METRO AREA.

Program 3

EVENTS PROGRAMS - WE CONDUCT 2 LARGE SCALE EVENTS ANNUALLY. RUNWAY FOR HOPE AND WINE AND DINE. THESE ARE THE TWO BIG FUNDRIASERS FOR THE YEAR. AVERAGE ATTENDENCE IS 225 FOR 2024. THE GOAL IS TO...

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EVENTS PROGRAMS - WE CONDUCT 2 LARGE SCALE EVENTS ANNUALLY. RUNWAY FOR HOPE AND WINE AND DINE. THESE ARE THE TWO BIG FUNDRIASERS FOR THE YEAR. AVERAGE ATTENDENCE IS 225 FOR 2024. THE GOAL IS TO INCREASE ATTENDANCE BY 10% AS WELL AS 12% INCREASE IN REVENUE.

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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 $2,263,005
Program Service Revenue $0
Investment Income $18,705
Other Revenue $-147,487
TOTAL REVENUE $2,134,223

Expense Breakdown

Grants Paid $186,943
Salaries & Benefits $495,122
Fundraising Expenses $127,248
Program Expenses $1,587,395
Other Expenses $1,180,827
TOTAL EXPENSES $1,862,892

Year-over-Year Comparison

2024 2023 Change
Revenue $2,134,223 $1,562,026 +0.4%
Expenses $1,862,892 $1,516,568 +0.2%
Net Income $271,331 $45,458 +5.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
25
Volunteers
24

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
5
$110,462
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAUREEN SCALLEN FAILOR EXECUTIVE DIRECTOR 40.00
Officer
$110,462 $0 $110,462
NATASHA FREIMARK CHAIR 1.00
Officer Director
$0 $0 $0
LAURA HOLASEK VICE CHAIR 1.00
Officer Director
$0 $0 $0
SHANNON MCDONOUGH SECRETARY 1.00
Officer Director
$0 $0 $0
CHERYL BUTZ TREASURER 1.00
Officer Director
$0 $0 $0
CALLIE BRIESE PAST CHAIR 1.00
Director
$0 $0 $0
LINDSEY HAGAN DIRECTOR 1.00
Director
$0 $0 $0
BARBARA HENSLEY DIRECTOR 1.00
Director
$0 $0 $0
ALESHA HODORFF DIRECTOR 1.00
Director
$0 $0 $0
KARA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
MICHELLE JOURDAN DIRECTOR 1.00
Director
$0 $0 $0
ANDREA LARSON KERRISON DIRECTOR 1.00
Director
$0 $0 $0
SARA SOLI DIRECTOR 1.00
Director
$0 $0 $0
SHELLY STEVER DIRECTOR 1.00
Director
$0 $0 $0
CARMEN WAMRE DIRECTOR 1.00
Director
$0 $0 $0
LEAH WONG DIRECTOR 1.00
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 $2,134,223 $1,862,892 $2,407,758 $271,331
2023 $1,562,026 $1,516,568 $1,075,637 $45,458
2022 $1,354,134 $1,402,540 $908,159 $-48,406
2021 $1,379,766 $1,171,622 $1,083,648 $208,144
2020 $878,842 $837,110 $810,380 $41,732
2019 $889,441 $902,364 $693,815 $-12,923
2018 $1,183,430 $1,404,478 $626,299 $-221,048
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