HOPE 4 GASTON (EIN 453087394) - 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

Formation Year

2011

Legal Domicile

Principal Officer

DICKIE SPARGO

Phone

7046892219

Tax Period

2024-01-01 to 2024-12-31

HOPE 4 GASTON, founded in 2011, is a micro nonprofit in the Human Services sector that reported $32K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $70K exceeded revenue, resulting in a 121% operating deficit.

Mission

THE MISSION IS TO PROVIDE HOPE AND ASSISTANCE TO PEOPLE IN CRISIS WITHIN THE COMMUNITY OF GASTON COUNTY BY LEADING A COOPERATIVE EFFORT OF CHURCHES GOVERNMENT AND BUSINESSES TO CREATE A COMMUNINITY THAT LOVES YOUR NEIGHBOR AS YOURSELF.

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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 $31,597

Program Service Revenue $0

Investment Income $25

Other Revenue $0

TOTAL REVENUE $31,622

Expense Breakdown

Grants Paid $0

Salaries & Benefits $31,000

Fundraising Expenses $0

Program Expenses $36,376

Other Expenses $38,828

TOTAL EXPENSES $69,828

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,622	$57,027	-0.4%
Expenses	$69,828	$54,893	+0.3%
Net Income	$-38,206	$2,134	-18.9%

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

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
FRANK STEWART	BOARD	10.00	Director	$0	$0	$0
ANTHONY GALLANT	BOARD	10.00	Director	$0	$0	$0
KEVIN LAYE	BOARD	10.00	Director	$0	$0	$0
GERALD KENNEDY	BOARD	10.00	Director	$0	$0	$0
JOHN WHITAKER	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
RICKY COLLINS	BOARD	10.00	Director	$0	$0	$0
SHANE DAVIS	BOARD	10.00	Director	$0	$0	$0
DICKIE SPARGO	BOARD	10.00	Officer	$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	$31,622	$69,828	$22,289	$-38,206
2023	$57,027	$54,893	$60,709	$2,134
2022	$60,038	$70,950	$60,605	$-10,912
2021	$84,731	$41,972	$69,537	$42,759
2020	$43,253	$44,906	$23,529	$-1,653
2019	$16,566	$45,779	$25,163	$-29,213

HOPE 4 GASTON