HOPE MINISTRIES

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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

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.

Program Service Accomplishments

Program 1

Expenses: $11,847,157 Revenue: $1,770,780

HOPE MINISTRIES IS ONE OF THE LARGEST PROVIDERS OF FREE MEALS, SAFE SHELTER, AND LONG-TERM LIFE-RECOVERY PROGRAMS FOR HOMELESS, NEAR-HOMELESS AND HUNGRY MEN, WOMEN AND CHILDREN IN IOWA. OUR...

HOPE MINISTRIES IS ONE OF THE LARGEST PROVIDERS OF FREE MEALS, SAFE SHELTER, AND LONG-TERM LIFE-RECOVERY PROGRAMS FOR HOMELESS, NEAR-HOMELESS AND HUNGRY MEN, WOMEN AND CHILDREN IN IOWA. OUR FACILITIES CURRENTLY INCLUDE A 110-BED SHELTER FOR MEN, A 102-BED LONG-TERM LIFE-RECOVERY CENTER FOR MEN, AND A 48-BED SHORT AND LONG-TERM LIFE-RECOVERY CENTER FOR WOMEN AND CHILDREN. THROUGH OUR RESCUE EFFORTS, WE PROVIDE MORE THAN 13,000 MEALS AND 5,000 NIGHTS OF SHELTER EACH MONTH. THROUGH TEACHING PERSONAL RESPONSIBILITY AND ACCOUNTABILITY, OUR LIFE-RECOVERY PROGRAMS (FOR BOTH MEN AND WOMEN) ARE DESIGNED TO LEAD INDIVIDUALS AND FAMILIES TO SELF-SUFFICIENCY. ALL OUR SHELTER GUESTS AND LIFE-RECOVERY RESIDENTS ARE SERVED THROUGH INDIVIDUALIZED CARE PLANS AND CASE MANAGEMENT.

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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 (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

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

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

$379,534

Total Directors

Key Employees

Highest Compensated

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