HOPE INSPIRED MINISTRIES INC

EIN: 454501764 501(c)(3) Employment

MONTGOMERY, AL

Total Revenue
$2,208,027
Total Expenses
$1,907,910
Total Assets
$1,342,790
Net Assets
$988,329
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
AL
Principal Officer
JOHN BOWMAN
Phone
3346494330
Tax Period
2023-10-01 to 2024-09-30

HOPE INSPIRED MINISTRIES INC, founded in 2012, is a small nonprofit in the Employment sector that reported $506K in total revenue in fiscal year 2018. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $612K exceeded revenue, resulting in a 21% operating deficit.

Mission

MAINTAIN EMPLOYMENT THROUGH A RIGOROUS 9 WEEK JOB TRAINING PROGRAM, EACH STUDENT PARTICIPATES IN OVER 360 HOURS OF TRAINING WHICH INCLUDES LIFE SKILLS, EMPLOYMENT SKILLS, UNPAID INTERNSHIPS WITH LOCAL BUSINESSES, AND G.E.D. PREPARATION

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,766,151
Program Service Revenue $121,305
Investment Income $52,539
Other Revenue $268,032
TOTAL REVENUE $2,208,027

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,260,815
Fundraising Expenses $55,559
Program Expenses $1,721,207
Other Expenses $647,095
TOTAL EXPENSES $1,907,910

Year-over-Year Comparison

2023 2022 Change
Revenue $2,208,027 $1,885,945 +0.2%
Expenses $1,907,910 $1,686,916 +0.1%
Net Income $300,117 $199,029 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
34
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
5
$112,527
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BOWMAN EXECUTIVE DI 40.00
Officer
$112,527 $0 $112,527
CADE ARMSTRONG CHAIR N/A
Officer Director
$0 $0 $0
PRINCESS CUTHRELL BOARD MEMBER N/A
Director
$0 $0 $0
CHUCK DILAURA TREASURER N/A
Officer Director
$0 $0 $0
WILLIE DURHAM VICE - CHAIR N/A
Officer Director
$0 $0 $0
KEVIN ELKINS BOARD MEMBER N/A
Director
$0 $0 $0
ALGER KOLOM BOARD MEMBER N/A
Director
$0 $0 $0
CLAY MCINNIS BOARD MEMBER N/A
Director
$0 $0 $0
TOM MCNEAL BOARD MEMBER N/A
Director
$0 $0 $0
ANDRA SPARKS BOARD MEMBER N/A
Director
$0 $0 $0
HAL TAYLOR BOARD MEMBER N/A
Director
$0 $0 $0
DUWAN WALKER BOARD MEMBER N/A
Director
$0 $0 $0
ELLENANN YELVERTON SECRETARY N/A
Officer 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 $2,208,027 $1,907,910 $1,342,790 $300,117
2024 $2,208,027 $1,907,910 $1,342,790 $300,117
2023 $1,885,945 $1,686,916 $1,008,338 $199,029
2022 $1,272,392 $1,205,314 $816,388 $67,078
2021 $1,193,913 $1,023,231 $642,174 $170,682
2020 $924,855 $878,735 $486,694 $46,120
2018 $506,039 $612,322 $222,890 $-106,283
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