HOPE HAVEN AREA DEVELOPMENT CENTER CORPORATION (EIN 421000580) - 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

Principal Officer

RUTH SKEENS

Phone

3197536701

Tax Period

2022-07-01 to 2023-06-30

HOPE HAVEN AREA DEVELOPMENT CENTER CORPORATION is a mid-sized nonprofit in the Human Services sector that reported $15.0M in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year.

Mission

ASSIST MENTALLY AND PHYSICALLY HANDICAPPED INDIVIDUALS

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,405,815

Program Service Revenue $13,131,579

Investment Income $14,396

Other Revenue $418,570

TOTAL REVENUE $14,970,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,045,248

Fundraising Expenses $69,584

Program Expenses $12,941,000

Other Expenses $3,241,483

TOTAL EXPENSES $15,286,731

Year-over-Year Comparison

	2022	2021	Change
Revenue	$14,970,360	$15,841,424	-0.1%
Expenses	$15,286,731	$14,609,035	+0.0%
Net Income	$-316,371	$1,232,389	-1.3%

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

444

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH SKEENS	PRESIDENT	1.00	Officer Director	$0	$0	$0
REX L TROUTE	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
LAURIE HEMPEN	SECRETARY	1.00	Officer Director	$0	$0	$0
JOANN LAMPE	TREASURER	1.00	Officer Director	$0	$0	$0
ED BAZOW	MEMBER	1.00	Director	$0	$0	$0
BRUCE BROCKWAY	MEMBER	1.00	Director	$0	$0	$0
DAVE HEATON	MEMBER	1.00	Director	$0	$0	$0
MATT SHINN	MEMBER	1.00	Director	$0	$0	$0
PATTY BROOKS	MEMBER	1.00	Director	$0	$0	$0
COLLIN JOHNSON	MEMBER	1.00	Director	$0	$0	$0
CHERYL PLANK	DIRECTOR OF	40.00	Highest	$158,187	$0	$158,187

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
2023	$15,563,451	$15,773,855	$13,057,436	$-210,404
2023	$14,970,360	$15,286,731	$12,954,944	$-316,371
2022	$15,841,424	$14,609,035	$13,220,133	$1,232,389
2021	$15,411,343	$13,636,328	$12,948,904	$1,775,015
2020	$12,687,019	$12,227,960	$12,970,090	$459,059
2019	$12,824,885	$12,568,058	$10,536,507	$256,827
2018	$13,019,262	$12,517,068	$10,155,414	$502,194

HOPE HAVEN AREA DEVELOPMENT CENTER CORPORATION