GROWING HOPE THROUGH LOVE

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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

2013

Legal Domicile

Principal Officer

KAREN BERGBOWER

Phone

5177984020

Tax Period

2023-10-01 to 2024-09-30

GROWING HOPE THROUGH LOVE, founded in 2013, is a small nonprofit in the Human Services sector that reported $582K in total revenue in fiscal year 2023.

Mission

GROWING HOPE THROUGH LOVE IS ORGANIZED AS A CHILD WELFARE AGENCY THAT MAINTAINS A CHILD PLACING AGENCY LICENSE THROUGH THE DEPARTMENT OF CHILD WELFARE LICENSING AND CONTRACTS WITH MICHIGAN DEPARTMENT OF HEALTH AND HUMAN SERVICES TO LICENSE FOSTER FAMILIES AND RELATIVE FAMILIES; PLACE AND SUPERVISE CHILDREN IN FOSTER CARE, COMPLETE EVALUATIONS AND PLACEMENTS, AND SUPERVISE CHILDREN AND FAMILIES THROUGH ADOPTION.

Program Service Accomplishments

Program 1

Expenses: $542,316 Revenue: $582,183

THE ORGANIZATION SERVES CHILDREN IN FOSTER CARE, FACILITATES ADOPTIONS, AND LICENSES FOSTER CARE HOMES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $29

Program Service Revenue $582,183

Investment Income $0

Other Revenue $0

TOTAL REVENUE $582,212

Expense Breakdown

Grants Paid $0

Salaries & Benefits $326,744

Fundraising Expenses $0

Program Expenses $542,316

Other Expenses $238,254

TOTAL EXPENSES $564,998

Year-over-Year Comparison

	2023	2022	Change
Revenue	$582,212	$601,258	0.0%
Expenses	$564,998	$549,435	+0.0%
Net Income	$17,214	$51,823	-0.7%

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

$128,253

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA GIRZ	EXECUTIVE DI	40.00	Director	$101,346	$26,907	$128,253
KAREN BERGBOWER	BOARD CHAIR/	N/A	Officer Director	$0	$0	$0
TONI BRODIN	VICE-CHAIR/V	N/A	Officer Director	$0	$0	$0
KRISTEN ORA	BOARD MEMBER	N/A	Director	$0	$0	$0
MARCI SCALERA	SECRETARY	N/A	Officer Director	$0	$0	$0
SUZANNE STOLZ	TREASURER	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	$582,212	$564,998	$518,806	$17,214
2023	$601,258	$549,435	$501,592	$51,823
2022	$620,596	$628,684	$449,769	$-8,088
2021	$772,862	$604,376	$457,857	$168,486
2020	$684,477	$558,645	$292,866	$125,832
2019	$538,073	$535,443	$106,234	$2,630