HOUSE OF HOPE

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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

Jessica Frerich

Phone

3193664673

Tax Period

2024-01-01 to 2024-12-31

HOUSE OF HOPE, founded in 2000, is a small nonprofit in the Mental Health sector that reported $406K in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $355K left a modest 13% surplus.

Mission

House of Hope's mission is to encourage, equip, and empower women to live fully through classes, community, housing, and therapy.

Program Service Accomplishments

Program 1

Expenses: $75,591 Revenue: $175,561

Therapy House of Hope offers professional counseling sessions for women, couples, or families to come in and talk through personal or professional challenges they are currently facing. Therapy at...

Therapy House of Hope offers professional counseling sessions for women, couples, or families to come in and talk through personal or professional challenges they are currently facing. Therapy at House of Hope is well-integrated with the core teachings through our other components of classes and guest stays opening the door to healing and restoration. In 2024 the therapy team included a licensed therapist and an intern therapist. The team offered almost 1900 hours of therapy from diverse backgrounds.

Program 2

Expenses: $1,946 Revenue: $14,352

Classes House of Hope offers a wide variety of classes that equips women and their families to live healthier emotionally, physically and spiritually. The House of Hope was able to offer 24 classes, which included retreats and workshops, to over 200 participants. The classes allow the women to grow in essential areas such as boundary setting, healthy marriages, healing from past emotional and relational wounds, nutrition, overcoming destructive behaviors and processing current challenges in a healthy manner.

Program 3

Expenses: $0 Revenue: $2,655

Guest Stays The House of Hope invites women to stay at the house to be immersed in an environment that will support them in their journey toward greater freedom, healing, and wholeness. In 2017...

Guest Stays The House of Hope invites women to stay at the house to be immersed in an environment that will support them in their journey toward greater freedom, healing, and wholeness. In 2017, House of Hope served 40 guests, as we offered one night retreats as well as 3 month guest stays. While staying at the house, guests participated in growth activities, classes, therapy, and one on one mentoring.

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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 (2024)

Revenue Breakdown

Contributions & Grants $215,493

Program Service Revenue $189,880

Investment Income $446

Other Revenue $0

TOTAL REVENUE $405,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $277,209

Fundraising Expenses $0

Program Expenses $77,537

Other Expenses $77,537

TOTAL EXPENSES $354,746

Year-over-Year Comparison

	2024	2023	Change
Revenue	$405,819	$513,228	-0.2%
Expenses	$354,746	$460,491	-0.2%
Net Income	$51,073	$52,737	0.0%

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

532

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

$56,667

Total Directors

Key Employees

$144,588

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA JACKSON	DIRECTOR OF THERAPY	40	Key Emp Highest	$87,921	$0	$87,921
JESSIE FRERICH	EXECUTIVE DIRECTOR	40	Officer Key Emp	$56,667	$0	$56,667
KATHERINE DAMISCH	BOARD PRESIDENT	0	Director	$0	$0	$0
KERI CHRISTENSEN	BOARD SECRETARY	0	Director	$0	$0	$0
GREG VOSS	DIRECTOR	0	Director	$0	$0	$0
SANDRA NAUGHTON	BOARD TREASURER	0	Director	$0	$0	$0
KIM WALLACE	DIRECTOR	0	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	$405,819	$354,746	$540,621	$51,073
2023	$513,228	$460,491	$593,849	$52,737
2022	$433,881	$519,852	$568,555	$-85,971
2021	$460,992	$460,012	$568,116	$980
2020	$414,789	$370,772	$377,082	$44,017
2019	$316,379	$304,810	$225,495	$11,569
2018	$322,024	$308,424	$215,259	$13,600