Soaring Hope Inc

EIN: 460489495 501(c)(3)

Fort Collins, CO

Total Revenue
$13,630
Total Expenses
$94,411
Total Assets
$294,124
Net Assets
$294,124
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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
2002
Legal Domicile
CO
Phone
9703103636
Tax Period
2018-01-01 to 2018-12-31

Soaring Hope Inc, founded in 2002, is a micro nonprofit that reported $14K in total revenue in fiscal year 2018. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $94K exceeded revenue, resulting in a 593% operating deficit.

Mission

To express Christ's love to the people of China and Chinese residents in the US through:1. Good news sharing.2. Coordinating medical, educational and scholarship service efforts.3. Implementing discipleship training programs, premarital counseling, family relationship workshops, and other types of training.4. English and Chinese tutoring.5. Organizing cultural exchange opportunites and fostering mutual understanding and friendship between Chinese and Americans.6. Supporting other charitable activities.

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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%)

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Financial Overview (2018)

Revenue Breakdown

Contributions & Grants $6,920
Program Service Revenue $0
Investment Income $-450
Other Revenue $7,160
TOTAL REVENUE $13,630

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $4,718
Program Expenses $75,529
Other Expenses $94,411
TOTAL EXPENSES $94,411

Year-over-Year Comparison

2018 2017 Change
Revenue $13,630 $73,428 -0.8%
Expenses $94,411 $68,743 +0.4%
Net Income $-80,781 $4,685 -18.2%
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

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Governance

Voting Members
5
Independent Members
4
Employees
N/A
Volunteers
35

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ada Chen President 20.00
Officer Director
$0 $0 $0
Victoria Chen Secr/treasurer 1.00
Officer Director
$0 $0 $0
Sam Dai Director 1.00
Director
$0 $0 $0
Steven Tippen Director 1.00
Director
$0 $0 $0
James Guo Director 1.00
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
2018 $13,630 $94,411 $294,124 $-80,781
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