HOPE FOR THE COMMUNITY (EIN 463680832) - 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

DR ALAN GORACKE

Phone

7637574266

Tax Period

2024-01-01 to 2024-12-31

HOPE FOR THE COMMUNITY, founded in 2013, is a small nonprofit in the Human Services sector that reported $375K in total revenue in fiscal year 2024. Revenue decreased 12% compared to the prior year. Expenses of $424K exceeded revenue, resulting in a 13% operating deficit.

Mission

THE ORGANIZATION DISTRIBUTES FOOD/GROCERIES AT NO COST TO INDIVIDUALS AND FAMILIES WHO ARE IN NEED OF FINANCIAL ASSISTANCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $355,313

Program Service Revenue $0

Investment Income $19,298

Other Revenue $0

TOTAL REVENUE $374,611

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,098

Fundraising Expenses $0

Program Expenses $424,235

Other Expenses $381,137

TOTAL EXPENSES $424,235

Year-over-Year Comparison

	2024	2023	Change
Revenue	$374,611	$424,134	-0.1%
Expenses	$424,235	$416,486	+0.0%
Net Income	$-49,624	$7,648	-7.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH COLBERT	DIRECTOR	1.00	Officer	$0	$0	$0
RENEE ESTELL	SECRETARY	1.00	Officer	$0	$0	$0
MIKE EVENESON	DIRECTOR	1.00	Officer	$0	$0	$0
DR ALAN GORACKE	PRESIDENT	4.00	Officer	$0	$0	$0
JON KIRK	VICE-PRESIDE	2.00	Officer	$0	$0	$0
JIM MUELKEN	DIRECTOR	1.00	Officer	$0	$0	$0
ELLEN PETERSON	TREASURER	2.00	Officer	$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	$374,611	$424,235	$520,443	$-49,624
2023	$424,134	$416,486	$570,067	$7,648
2022	$348,600	$366,852	$562,419	$-18,252
2021	$384,124	$295,183	$580,671	$88,941
2020	$564,900	$219,027	$491,730	$345,873

HOPE FOR THE COMMUNITY