HOPE 7 INC

EIN: 472121948 501(c)(3) Health Care

Akron, OH

Total Revenue
$86,429
Total Expenses
$260,150
Total Assets
$10,000
Net Assets
$-195,652
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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
OH
Principal Officer
JEFFREY DENNIS
Phone
3306684723
Tax Period
2023-01-01 to 2023-12-31

HOPE 7 INC, founded in 2014, is a micro nonprofit in the Health Care sector that reported $86K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $260K exceeded revenue, resulting in a 201% operating deficit.

Mission

Hope 7 brings together the community and faith to provide supportive services to pregnant mothers and their families. The mission is to reduce infant mortality through education and assistance with needs.

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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 (2023)

Revenue Breakdown

Contributions & Grants $86,429
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $86,429

Expense Breakdown

Grants Paid $0
Salaries & Benefits $89,787
Fundraising Expenses $0
Other Expenses $170,363
TOTAL EXPENSES $260,150

Year-over-Year Comparison

2023 2022 Change
Revenue $86,429 $248,326 -0.7%
Expenses $260,150 $260,189 0.0%
Net Income $-173,721 $-11,863 +13.6%
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

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Governance

Voting Members
5
Independent Members
5
Employees
3
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEFFREY DENNIS CEO 015.00
Officer Director
$0 $0 $0
LISA DAVIS BOARD MEMBER 001.00
Director
$0 $0 $0
BRANDI WILKERSON BOARD MEMBER 001.00
Director
$0 $0 $0
KYLE EARLEY BOARD MEMBER 001.00
Director
$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 $86,429 $260,150 $10,000 $-173,721
2021 $216,711 $202,685 $27,479 $14,026
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