WELL OF HOPE AMERICA

EIN: 460608625 501(c)(3) International Affairs

COVINGTON, OH

Total Revenue
$335,458
Total Expenses
$309,407
Total Assets
$31,000
Net Assets
$31,000
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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
2006
Legal Domicile
OH
Principal Officer
HAROLD E FLORY
Phone
9374733030
Tax Period
2024-01-01 to 2024-12-31

WELL OF HOPE AMERICA, founded in 2006, is a small nonprofit in the International Affairs sector that reported $335K in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $309K left a modest 8% surplus.

Mission

PROVIDE CLOTHING AND FUNDS TO IMPROVE PERSONS' EDUCATION, HEALTH, AND STANDARD OF LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $335,458
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $335,458

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $308,785
Other Expenses $309,407
TOTAL EXPENSES $309,407

Year-over-Year Comparison

2024 2023 Change
Revenue $335,458 $370,041 -0.1%
Expenses $309,407 $374,335 -0.2%
Net Income $26,051 $-4,294 -7.1%
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
3
Independent Members
3
Employees
N/A
Volunteers
100

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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD E FLORY TRUSTEE 2.00
Director
$0 $0 $0
CRIST BENEDICT TRUSTEE 2.00
Director
$0 $0 $0
DALE SINK TRUSTEE 2.00
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
2025 No data No data No data No data
2024 $335,458 $309,407 $31,000 $26,051
2023 $370,041 $374,335 $4,949 $-4,294
2022 $188,066 $206,970 $9,243 $-18,904
2021 $181,411 $219,709 $28,147 $-38,298
2020 $138,306 $101,105 $66,445 $37,201
2019 $195,032 $170,083 $29,244 $24,949
2018 $206,077 $215,318 $4,295 $-9,241
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