RAPID CITY, SD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE HOPE CENTER, founded in 2014, is a micro nonprofit that reported $662 in total revenue in fiscal year 2025. Expenses of $39K exceeded revenue, resulting in a 5822% operating deficit.
PUTTING GOD'S LOVE INTO ACTION BY ENHANCING DIGNITY AND HOPE AS WE BUILD BRIDGES OUT OF POVERTY.
THE HOPE CENTER WAS ESTABLISHED IN 2010 AS AN OUTREACH PROJECT OF FIRST UNITED METHODIST CHURCH IN DOWNTOWN RAPID CITY, SOUTH DAKOTA. INITIAL PLANNING FOR THE PROJECT WAS DRIVEN BY AN EXPRESSED NEED...
THE HOPE CENTER WAS ESTABLISHED IN 2010 AS AN OUTREACH PROJECT OF FIRST UNITED METHODIST CHURCH IN DOWNTOWN RAPID CITY, SOUTH DAKOTA. INITIAL PLANNING FOR THE PROJECT WAS DRIVEN BY AN EXPRESSED NEED OF THOSE LIVING IN POVERTY AND/OR WITHOUT HOMES, NEIGHBORHOOD CHURCHES AND BUSINESSES, AND OTHER NON-PROFIT AGENCIES TO HAVE A DAY CENTER IN RAPID CITY THAT WOULD BE ABLE TO PROVIDE BASIC DAY SERVICES IN THE DOWNTOWN AREA. THE HOPE CENTER IS MODELED AFTER THE ST. FRANCIS CENTER IN DENVER, COLORADO. THE HOPE CENTER CONCEPT INITIALLY BEGAN AS THE FIRST UNITED METHODIST CHURCH BECAME INCREASINGLY INVOLVED WITH COMMUNITY AGENCIES THAT SERVE THOSE LIVING IN POVERTY AND THOSE WITHOUT HOMES. THROUGH RELATIONSHIPS BUILT WITH THE PEOPLE SERVED AND STAFF OF THESE VARIOUS AGENCIES, IT BECAME IMPORTANT AND APPARENT THAT THE CHURCH BECOME PART OF THIS SUPPORT IN SUBSTANTIAL, LONG-TERM WAYS BY OFFERING A MINISTRY AIMED AT SERVING THOSE LIVING IN POVERTY AND FILLING ANY GAPS IN SERVICES. GAPS IN SERVICES FOR PEOPLE WITHOUT HOMES WERE DETERMINED THROUGH MANY MEETINGS WITH LOCAL AGENCY DIRECTORS AND IT WAS SUGGESTED THAT A TEAM VISIT THE ST. FRANCIS CENTER IN DENVER, COLORADO TO GATHER IDEAS FOR A POTENTIAL DAY CENTER IN RAPID CITY. AFTER THIS VISIT IT BECAME CLEAR THAT A DAY CENTER WAS AN ESSENTIAL AND UNDUPLICATED NEED FOR THE COMMUNITY OF RAPID CITY AND THE CHURCH WANTED TO HELP MEET THIS NEED. THE CHURCH BEGAN PURSUING FUNDING OPTIONS AND FORMED A COMMITTEE TO BEGIN CREATING THE HOPE CENTER. THE HOPE CENTER WAS ABLE TO OPEN IN A FULL-TIME CAPACITY IN 2011. IN JULY 2014, THE HOPE CENTER GAINED 501(C)3 STATUS. THE HOPE CENTER WAS A DROP-IN DAY CENTER WHICH OFFERS UNDUPLICATED, UNIQUE, AND CRUCIAL SERVICES IN THE COMMUNITY FOR THOSE LIVING IN POVERTY, PEOPLE WITHOUT HOMES, AND INDIVIDUALS WITHOUT HOPE. THE PRIMARY SERVICES OFFERED BY THE HOPE CENTER INCLUDED A MAILING CENTER, A TELEPHONE/MESSAGING CENTER, AND A STORAGE FACILITY FOR SHORT AND LONG TERM STORAGE AS WELL AS DOCUMENTS. THE HOPE CENTER OFFERED DAILY DEVOTION/PRAYER TIME AND WEEKLY CLASSES WHICH INCLUDED A SEWING CLASS, AN ALCOHOLICS ANONYMOUS GROUP, BEADING/ARTS AND CRAFTS CLASSES, AND A COMPUTER CLASS. IN ADDITION TO THESE PRIMARY SERVICES, THE HOPE CENTER HAD INTRODUCED NEW SERVICES NECESSARY TO THE POPULATION SERVED IN ORDER TO INCREASE POSITIVE OUTCOMES AND HELP THE GUESTS OF THE CENTER MOVE TOWARD A BETTER LIFE. A PRIMARY OBJECTIVE OF THE HOPE CENTER WAS TO ESTABLISH RELATIONSHIPS WITH THE DISADVANTAGED IN THE COMMUNITY, PROVIDE AN ENVIRONMENT OF RESPECT AND ENCOURAGEMENT, AND TO BE A CONSTANT IN THE LIVES OF THOSE WHO OFTEN TIMES LACK STABILITY AND CONSISTENCY. THE HOPE CENTER AIMED TO BE A TRUSTED SOURCE OF SUPPORT BY BEING A SAFE AND STABLE ENVIRONMENT FOR GUESTS AS WELL AS BY FILLING GAPS IN SERVICES TO THOSE IN THE COMMUNITY WHO ARE LIVING IN POVERTY, WITHOUT HOMES, OR ARE WITHOUT HOPE. IN 2022, THE HOPE CENTER STARTED THE PROCESS OF RELOCATING AND EXPANDING SERVICES. IN 2023, A NEW BUILDING WAS PURCHASED AND THE CITY PLANNING AND ZONING COMMISSION APPROVED THE PERMIT REQUIRED TO RELOCATE. HOWEVER, A NEARBY RESIDENT APPEALED THEIR DECISION AND THE PERMIT WAS DENIED WHEN REVIEWED BY THE RAPID CITY COUNCIL IN SEPTEMBER 2023. THE LANDLORD OF THE HOPE CENTER MORE THAN DOUBLED THE RENT AND GAVE NOTICE OF NOT RENEWING THE LEASE BEYOND AUGUST 2024, EFFECTIVE SEPTEMBER 1, 2023. DUE TO THE UNEXPECTED CIRCUMSTANCES, THE HOPE CENTER BOARD OF DIRECTORS DECIDED TO CLOSE THE HOPE CENTER IN DECEMBER 2023. DURING 2025, THE BOARD OF DIRECTORS DETERMINED THEY WERE UNABLE TO CONTINUE THE HOPE CENTER MISSION WITHOUT THE SUPPORT OF THE COMMUNITY. AS SUCH, THE ORGANIZATION WAS DISSOLVED EFFECTIVE DECEMBER 31, 2025. SEE SCHEDULE I AND SCHEDULE N FOR ADDITIONAL INFORMATION.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2025 | 2024 | Change | |
|---|---|---|---|
| Revenue | $662 | $-6,608 | -1.1% |
| Expenses | $39,203 | $8,141 | +3.8% |
| Net Income | $-38,541 | $-14,749 | +1.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LORIEN PETERSEN | CHAIR | 4.00 |
Officer
Director
|
$0 | $0 | $0 |
| HOLLI EDWARDS | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JOHN DAVID BARNES | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| PATRICK WOLFF | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MELANIE TIMM | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DALE BERKEBILE | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG DIEHL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $662 | $39,203 | No data | $-38,541 |
| 2024 | No data | No data | No data | No data |
| 2023 | $250,406 | $414,658 | $249,277 | $-164,252 |
| 2022 | $564,898 | $532,536 | $217,798 | $32,362 |
| 2021 | $653,394 | $550,831 | $324,810 | $102,563 |
| 2020 | $1,008,537 | $915,032 | $214,236 | $93,505 |
| 2019 | $218,603 | $213,743 | $111,283 | $4,860 |
| 2018 | $207,126 | $227,679 | $97,839 | $-20,553 |
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