HOPE CENTER OF MARYLAND INC

EIN: 463531583 501(c)(3) Food, Agriculture & Nutrition

CHURCHVILLE, MD

Total Revenue
$776,370
Total Expenses
$730,190
Total Assets
$67,199
Net Assets
$67,199
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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
MD
Principal Officer
LARRY TAPSCOTT
Phone
4437879290
Tax Period
2024-01-01 to 2024-12-31

HOPE CENTER OF MARYLAND INC, founded in 2013, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $776K in total revenue in fiscal year 2024. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $730K left a modest 6% surplus.

Mission

ASSIST LOW-INCOME FAMILIES

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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 $762,061
Program Service Revenue $0
Investment Income $0
Other Revenue $14,309
TOTAL REVENUE $776,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $16,345
Program Expenses $696,992
Other Expenses $730,190
TOTAL EXPENSES $730,190

Year-over-Year Comparison

2024 2023 Change
Revenue $776,370 $627,345 +0.2%
Expenses $730,190 $636,104 +0.1%
Net Income $46,180 $-8,759 -6.3%
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
20

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
3
$15,600
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY TAPSCOTT PRESIDENT/SECRETARY 20.00
Officer
$0 $0 $0
KENNETH NOONKESTER VICE PRESIDENT 5.00
Officer
$0 $0 $0
ROBERT MEZA TREASURER 30.00
Officer
$15,600 $0 $15,600
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 $776,370 $730,190 $67,199 $46,180
2023 $627,345 $636,104 $21,019 $-8,759
2022 $430,474 $434,876 $29,778 $-4,402
2021 $266,326 $245,462 $34,058 $20,864
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