HOPE MINISTRIES

EIN: 421512992 501(c)(3) Human Services

DES MOINES, IA

Total Revenue
$16,214,101
Total Expenses
$15,222,167
Total Assets
$36,625,708
Net Assets
$32,276,188
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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

Formation Year
2000
Legal Domicile
IA
Principal Officer
LEON NEGEN
Phone
5152657272
Tax Period
2023-07-01 to 2024-06-30

HOPE MINISTRIES, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $16.2M in total revenue in fiscal year 2023. Expenses of $15.2M left a modest 6% surplus.

Mission

HOPE MINISTRIES IS ONE OF THE LARGEST PRIVATE PROVIDERS OF FREE MEALS, SAFE SHELTER, AND COMPREHENSIVE LIFE-RECOVERY SUPPORT FOR HOMELESS, NEAR-HOMELESS, AND HUNGRY MEN, WOMEN, AND CHILDREN IN IOWA. THE MISSION OF HOPE MINISTRIES IS TO RESCUE THOSE WHO ARE HOMELESS, HUNGRY, ABUSED OR ADDICTED, PROVIDING OPPORTUNITIES FOR HOPE, RECOVERY AND RESTORATION THROUGH THE LOVE OF JESUS CHRIST.

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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 $13,686,262
Program Service Revenue $1,480,492
Investment Income $761,816
Other Revenue $285,531
TOTAL REVENUE $16,214,101

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,794,460
Fundraising Expenses $2,118,321
Program Expenses $11,847,157
Other Expenses $10,124,749
TOTAL EXPENSES $15,222,167

Year-over-Year Comparison

2023 2022 Change
Revenue $16,214,101 $16,725,097 0.0%
Expenses $15,222,167 $15,001,731 +0.0%
Net Income $991,934 $1,723,366 -0.4%
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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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
9
Independent Members
9
Employees
71
Volunteers
790

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
$379,534
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JENNIFER CANELOS CHAIR 1.00
Officer Director
$0 $0 $0
ALAN GROSS VICE-CHAIR 1.00
Officer Director
$0 $0 $0
KIM SMITH SECRETARY 1.00
Officer Director
$0 $0 $0
MICHAEL MIESEN TREASURER 1.00
Officer Director
$0 $0 $0
JASON BROWN DIRECTOR 1.00
Director
$0 $0 $0
LEAH OWENSBY DIRECTOR 1.00
Director
$0 $0 $0
RAY LORENZ DIRECTOR 1.00
Director
$0 $0 $0
VALERIE SNYDER RIVERA DIRECTOR 1.00
Director
$0 $0 $0
ANDY MOFFITT DIRECTOR 1.00
Director
$0 $0 $0
LEON NEGEN CHIEF EXECUTIVE OFFICER 40.00
Officer
$334,368 $45,166 $379,534
KATHY COADY CHIEF DEVELOPMENT OFFICER 40.00
Highest
$139,634 $8,137 $147,771
KEITH ISLEY CHIEF OPERATING OFFICER 40.00
Highest
$113,824 $6,754 $120,578
COLE LINDHOLM PRESIDENT 40.00
Highest
$129,000 $16,488 $145,488
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 No data No data No data No data
2024 $16,214,101 $15,222,167 $36,625,708 $991,934
2023 $16,725,097 $15,001,731 $34,744,211 $1,723,366
2022 $18,458,920 $13,858,642 $32,049,677 $4,600,278
2021 $17,086,594 $11,225,085 $28,516,785 $5,861,509
2020 $14,661,131 $11,308,126 $21,189,981 $3,353,005
2019 $12,992,399 $12,719,567 $16,340,225 $272,832
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