GLENN AND JAKES FOUNDATION OF HOPE… - Form 990 Financial Data

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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

MARK SCHER

Phone

7325832430

Tax Period

2024-01-01 to 2024-12-31

GLENN AND JAKES FOUNDATION OF HOPE INC, founded in 2014, is a micro nonprofit in the Unknown sector that reported $4K in total revenue in fiscal year 2024. Expenses of $4K left a modest 4% surplus.

Mission

PROVIDE FOOD AND ASSITANCE TO PEOPLE OF ALL AGES FACING ECONOMIC HARDSHIPS, PERSONAL TRAGEDIES, AND PHYSICAL AND MENTAL STRUGGLES IN LIFE. MAKE A DIFFERENCE IN THE LIVES OF OTHERS AND GIVE THEM HOPE FOR A BETTER LIFE.

Program Service Accomplishments

Program 1

PROVIDE FOOD AND ASSISTANCE TO PEOPLE OF ALL AGES FACING ECONOMIC HARDSHIPS PERSONAL TRAGEDIES AND PHYSICAL AND MENTAL STRUGGLES IN LIFE. MAKE A DIFFERENCE IN THE LIVES OF OTHERS AND GIVE THEM HOPE...

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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 $4,305

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $4,305

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,131

TOTAL EXPENSES $4,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,305	N/A	N/A
Expenses	$4,131	N/A	N/A
Net Income	$174	N/A	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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
MARK SCHER	PRESIDENT	000.00		$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	$4,305	$4,131	No data	$174
2022	$12,586	$8,681	No data	$3,905

GLENN AND JAKES FOUNDATION OF HOPE INC