The Hope Center Inc (EIN 412040373) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

Robert Savage

Phone

6613992119

Tax Period

2023-01-01 to 2023-12-31

The Hope Center Inc, founded in 2002, is a small nonprofit in the Human Services sector that reported $264K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $234K left a modest 11% surplus.

Mission

The Hope Center is a faith-based organization designed to assist low income individuals and families who live in Bakersfield, California to move towards wholeness, physically, emotionally and spiritually by distributing food, clothing and household goods.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $259,708

Program Service Revenue $0

Investment Income $3,838

Other Revenue $0

TOTAL REVENUE $263,546

Expense Breakdown

Grants Paid $0

Salaries & Benefits $44,240

Fundraising Expenses $0

Program Expenses $222,957

Other Expenses $189,416

TOTAL EXPENSES $233,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$263,546	$206,993	+0.3%
Expenses	$233,656	$224,890	+0.0%
Net Income	$29,890	$-17,897	-2.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bill Richert	Executive Dir.	40.00	Officer Director	$0	$0	$0
Jerri Kloepper	Secretary	24.00	Officer Director	$0	$0	$0
Max Turner	Board Member	6.00	Director	$0	$0	$0
Shane Goslin	Chairman	5.00	Officer Director	$0	$0	$0
Robert Savage	Treasurer	5.00	Officer Director	$0	$0	$0
Paul Wade	President	4.00	Officer Director	$0	$0	$0
Steve Fritz	Board Member	3.00	Director	$0	$0	$0
Jim Holland	Board Member	3.00	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	$263,546	$233,656	$236,338	$29,890
2022	$206,993	$224,890	$206,482	$-17,897
2021	$207,453	$204,152	$224,339	$3,301
2020	$229,046	$213,594	$221,037	$15,452
2019	$341,109	$310,541	$205,422	$30,568
2018	$388,335	$384,175	$174,859	$4,160

The Hope Center Inc