HERRIN 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

2012

Principal Officer

JOHN STEVE

Phone

6189428500

Tax Period

2024-01-01 to 2024-12-31

HERRIN HOUSE OF HOPE, founded in 2012, is a small nonprofit in the Human Services sector that reported $498K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $437K left a modest 12% surplus.

Mission

PROVIDE ASSISTANCE TO NEEDY CITIZENS

Program Service Accomplishments

Program 1

Expenses: $436,762

TO PROVIDE ASSISTANCE TO NEEDY CITIZENS OF HERRIN AND NEIGHBORING COMMUNITIES THAT ARE PART OF THE HERRIN SCHOOL DISTRICT IN THE NAME OF JESUS CHRIST.

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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 $262,245

Program Service Revenue $0

Investment Income $0

Other Revenue $236,013

TOTAL REVENUE $498,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $174,965

Fundraising Expenses $0

Program Expenses $436,762

Other Expenses $261,797

TOTAL EXPENSES $436,762

Year-over-Year Comparison

	2024	2023	Change
Revenue	$498,258	$459,203	+0.1%
Expenses	$436,762	$346,267	+0.3%
Net Income	$61,496	$112,936	-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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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

N/A

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

$27,607

Total Directors

$52,424

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN STEVE	Executive Dir.	40.00	Director	$52,424	$0	$52,424
TRACY LAKE	Treasurer	5.00	Officer	$27,607	$0	$27,607
TROY BENITONE	President	5.00	Officer	$0	$0	$0
SHERRY BLACK	Secretary	5.00	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	$498,258	$436,762	$395,463	$61,496
2023	$459,203	$346,267	$402,594	$112,936
2022	$284,371	$311,385	$226,773	$-27,014
2021	$260,538	$251,730	$257,458	$8,808
2020	$243,025	$205,861	$263,916	$37,164