Adoption Hope Foundation Inc

EIN: 472550440 501(c)(3) Human Services

Fairfield, CT

Total Revenue
$31,298
Total Expenses
$45,442
Total Assets
$30,855
Net Assets
$30,855
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
CT
Tax Period
2023-10-01 to 2024-09-30

Adoption Hope Foundation Inc, founded in 2014, is a micro nonprofit in the Human Services sector that reported $31K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $45K exceeded revenue, resulting in a 45% operating deficit.

Mission

To solicit and receive funds for the purpose of making grants to families seeking to adopt children, in order to assist those families with meeting the high costs of adoption

Program Service Accomplishments

Program 1
Expenses: $40,706

Donations to families to help defray costs of adoption.

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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 $28,504
Program Service Revenue $0
Investment Income $38
Other Revenue $2,756
TOTAL REVENUE $31,298

Expense Breakdown

Grants Paid $17,679
Salaries & Benefits $14,424
Fundraising Expenses $0
Program Expenses $40,706
Other Expenses $13,339
TOTAL EXPENSES $45,442

Year-over-Year Comparison

2023 2022 Change
Revenue $31,298 $44,754 -0.3%
Expenses $45,442 $91,473 -0.5%
Net Income $-14,144 $-46,719 -0.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
N/A
Employees
1
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
4
$12,570
Total Directors
10
$12,570
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Laura Loffredo President 15.00
Officer Director
$12,570 $0 $12,570
Bob Behn Director 0.00
Director
$0 $0 $0
Kristen Behn Vice President 0.00
Officer Director
$0 $0 $0
Libby Burr Director 0.00
Director
$0 $0 $0
John Loffredo Director 0.00
Director
$0 $0 $0
Janice Marks Director 0.00
Officer Director
$0 $0 $0
Barry Palmer Director 0.00
Director
$0 $0 $0
Beth Palmer Director 0.00
Director
$0 $0 $0
Julia Parker Director 0.00
Director
$0 $0 $0
Jackie Skorvanek Treasurer 0.00
Officer 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
2024 $31,298 $45,442 $30,855 $-14,144
2023 $44,754 $91,473 $44,999 $-46,719
2022 $76,156 $50,008 $91,718 $26,148
2021 $16,245 $31,464 $65,570 $-15,219
2020 $6,166 $27,268 $80,789 $-21,102
2019 $39,646 $15,500 $101,891 $24,146
2018 $47,398 $38,383 $77,745 $9,015
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