Anchor of Hope Inc (EIN 462351549) - Form 990 Financial Analysis & Trantor Score

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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

Sharon Ajayi

Phone

7702620552

Tax Period

2023-01-01 to 2023-12-31

Anchor of Hope Inc, founded in 2013, is a small nonprofit in the Human Services sector that reported $238K in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $217K left a modest 9% surplus.

Mission

direct and provide basic necessities to the underserved as well as uninsured members of our community including refugees and undocumented with housing, food, healthcare, education and career guidance.

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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 $237,513

Program Service Revenue $0

Investment Income $8

Other Revenue $0

TOTAL REVENUE $237,521

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,196

Fundraising Expenses $0

Program Expenses $217,143

Other Expenses $211,947

TOTAL EXPENSES $217,143

Year-over-Year Comparison

	2023	2022	Change
Revenue	$237,521	$197,565	+0.2%
Expenses	$217,143	$204,975	+0.1%
Net Income	$20,378	$-7,410	-3.8%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Sharon Ajayi	President	40.00	Director	$0	$0	$0
David Falana	Director	2.00	Director	$0	$0	$0
Ola Ogundaye	Vice President	3.00	Director	$0	$0	$0
Jamminese Miller	Chair	2.00	Director	$0	$0	$0
Wilson Okunji	Director	2.00	Director	$0	$0	$0
Manji Manven	Director	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
2024	No data	No data	No data	No data
2023	$237,521	$217,143	$48,685	$20,378
2022	$197,565	$204,975	$27,494	$-7,410

Anchor of Hope Inc