UPWARD HOPE ACADEMY INC

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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

2014

Legal Domicile

Principal Officer

CHRISTOPHER FREDERICKSON

Phone

4093548998

Tax Period

2023-01-01 to 2023-12-31

UPWARD HOPE ACADEMY INC, founded in 2014, is a small nonprofit in the Education sector that reported $216K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $315K exceeded revenue, resulting in a 46% operating deficit.

Mission

TO AID HIGH SCHOOL STUDENTS IN ESCAPING THE BONDS OF POVERTY AND HOPELESSNESS BY PROVIDING THEM WITH AN EDUCATION THAT WILL ENABLE THEM TO BECOME PRODUCTIVE CITIZENS. WE ARE AN ACCREDITED, TUITION FREE, PRIVATE HIGH SCHOOL.

Program Service Accomplishments

Program 1

Expenses: $137,813

WE INITIATED A PROGRAM FOR PERMANENT FUNDING AND EXPANDED LIFE SKILLS PROGRAMS. THIS YEAR WE ADDED THREE NEW FUNDRAISING PROGRAMS TO OUR AGENDA: AN ADMINISTRATIVE QUEST FOR PERMANENT SUSTAINING...

WE INITIATED A PROGRAM FOR PERMANENT FUNDING AND EXPANDED LIFE SKILLS PROGRAMS. THIS YEAR WE ADDED THREE NEW FUNDRAISING PROGRAMS TO OUR AGENDA: AN ADMINISTRATIVE QUEST FOR PERMANENT SUSTAINING FUNDS, OFFERING ENDOWED SCHOLARSHIP CHAIRS TO INDIVIDUAL, CORPORATE AND FOUNDATION DONORS, AND COMPILING A LIST OF TRADITIONAL MAJOR DONORS FROM WHOM WE WILL SEEK TRADITIONAL ENDOWMENT GIFTS.ON THE ACADEMIC AND STUDENT DEVELOPMENT SIDE OF OUR MISSION, WE ARE ADDING/EXPANDING OUR PROGRAM IN "LIFE SKILLS", A PROGRAM WHICH BASICALLY TEACHES ALL THE CONCEPTS MOST OF US LEARNED AT HOME OR IN ELEMENTARY AND HIGH SCHOOL. MOST OF OUR STUDENTS HAVE NEVER HELD A JOB, AND AS A RESULT WE ARE WORKING CLOSELY WITH GALVESTON COLLEGE . WE HAVE BEGUN FIVE DIFFERENT "LIFE SKILLS" PROGRAMS ALONG WITH A SUCCESSFUL AGRICULTURAL/FARMING PROGRAM.PART OF OUR OBJECTIVE FOR THE CULINARY ARTS WILL BE TO HAVE OUR INTRODUCTORY PROGRAM IN PLACE WITHIN THE NEXT YEAR.

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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 $215,849

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $215,849

Expense Breakdown

Grants Paid $80

Salaries & Benefits $171,702

Fundraising Expenses $0

Program Expenses $137,813

Other Expenses $143,090

TOTAL EXPENSES $314,872

Year-over-Year Comparison

	2023	2022	Change
Revenue	$215,849	$187,346	+0.2%
Expenses	$314,872	$417,345	-0.2%
Net Income	$-99,023	$-229,999	-0.6%

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
CHRISTOPHER FREDERICKSON	HEADMASTER	5.00	Officer	$0	$0	$0
BRUCE GUILLOT	Director	1.00	Officer	$0	$0	$0
RUSTY CARNES	Director	1.00	Officer	$0	$0	$0
VIVIAN HERNANDEZ	Director	1.00	Officer	$0	$0	$0
ROBERT MCLAUGHLAN	Director	1.00	Officer	$0	$0	$0
JAN BROUSSARD	Director	1.00	Officer	$0	$0	$0
CATHY FREDERICKSON	Director	1.00	Officer	$0	$0	$0
DON NURDIN	Director	1.00	Officer	$0	$0	$0
JUAN PENA	Director	1.00	Officer	$0	$0	$0
KATHY WHATLEY	Director	1.00	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
2023	$215,849	$314,872	$328,550	$-99,023
2022	$187,346	$417,345	$393,622	$-229,999
2021	$270,618	$365,558	$587,323	$-94,940
2021	$320,618	$365,558	$637,323	$-44,940
2020	$170,818	$387,548	$611,324	$-216,730
2019	$508,886	$342,888	$828,054	$165,998
2018	$429,798	$317,658	$663,432	$112,140