HOPE CARE CENTER INC

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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

1994

Legal Domicile

Phone

8165233988

Tax Period

2023-01-01 to 2023-12-31

HOPE CARE CENTER INC, founded in 1994, is a community nonprofit in the Health Care sector that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year.

Mission

PROVIDING SKILLED CARE AND SERVICES TO IMPROVE THE LIVES OF PEOPLE LIVING WITH HIV/AIDS.

Program Service Accomplishments

Program 1

Expenses: $1,731,101 Revenue: $1,952,188

THE CENTER OPERATES A NURSING HOME FACILITY PROVIDING SKILLED, LICENSED CARE TO ADULTS CHALLENGED BY HIV/AIDS. THE CENTER ALSO PROVIDES SUPPORT FOR RESIDENTS' EMOTIONAL, RECREATIONAL, SOCIAL AND...

THE CENTER OPERATES A NURSING HOME FACILITY PROVIDING SKILLED, LICENSED CARE TO ADULTS CHALLENGED BY HIV/AIDS. THE CENTER ALSO PROVIDES SUPPORT FOR RESIDENTS' EMOTIONAL, RECREATIONAL, SOCIAL AND SPIRITUAL NEEDS. SINCE ITS OPENING IN 1996, THE CENTER HAS SERVED ALMOST 400 RESIDENTS. IN 2023, THE CENTER PROVIDED SERVICES TO 19 DIFFERENT ADULT RESIDENTS.

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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 $83,140

Program Service Revenue $2,044,484

Investment Income $4,101

Other Revenue $0

TOTAL REVENUE $2,131,725

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,205,158

Fundraising Expenses $0

Program Expenses $1,731,101

Other Expenses $900,461

TOTAL EXPENSES $2,105,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,131,725	$2,301,122	-0.1%
Expenses	$2,105,619	$2,210,949	0.0%
Net Income	$26,106	$90,173	-0.7%

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

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

$115,705

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	DIRECTOR/PRESIDENT	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR/SECRETARY	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR/TREASURER	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	ADMINISTRATOR THRU APR 2023	50.0	Officer	$33,842	$0	$33,842
N/A	Administrator - Start APR 2023	50.0	Officer	$73,468	$8,395	$81,863

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	$2,131,725	$2,105,619	$877,302	$26,106
2022	$2,301,122	$2,210,949	$660,773	$90,173
2021	$2,119,010	$1,940,275	$861,841	$178,735
2020	$1,947,035	$2,123,987	$807,877	$-176,952
2019	$1,977,118	$2,038,261	$538,735	$-61,143
2018	$1,935,887	$1,974,829	$718,765	$-38,942