Hope Economy 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

Phone

8328233495

Tax Period

2024-01-01 to 2024-12-31

Hope Economy Inc, founded in 2014, is a community nonprofit in the Religion sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 303% from the prior year, signaling strong growth momentum.

Mission

THE ORGANIZATION PARTNERS WITH LOCAL CHARITIES MINISTRIES AND OTHER NONPROFIT ORGANIZATIONS TO COMBINE EFFORS THAT IMPROVE THE QUALITY OF LIFE IN OUR COMMUNITIES. TO THIS END WE FEED FAMILIES IN THE HOUSTON AREA AND PROVIDE SUPPORT AND ASSISTANCE TO VICTIMS OF HUMAN TRAFFICKING AND BUILD ORPHANAGES AND WATER WELLS IN DEVELOPING COUNTRIES.

Program Service Accomplishments

Program 1

Expenses: $1,499,175 Revenue: $0

OUTREACH AND SUPPORT IN UNDERPRIVILEGED AREAS OF GUATEMALA PROVIDING SHOES COOKING EQUIPMENT BEDS AND OTHER PRACTICAL NEEDS TO FAMILIES. PROVIDED TRAINING AND EDUCATIONAL MATERIALS IN PARTNERSHIP...

OUTREACH AND SUPPORT IN UNDERPRIVILEGED AREAS OF GUATEMALA PROVIDING SHOES COOKING EQUIPMENT BEDS AND OTHER PRACTICAL NEEDS TO FAMILIES. PROVIDED TRAINING AND EDUCATIONAL MATERIALS IN PARTNERSHIP WITH MESSENGER INTERNATIONAL TO PEOPLE AND ORGANIZATIONS AROUND THE WORLD. PROVIDED FOOD TO UNDERPRIVILEGED FAMILIES IN THE HOUSTON AREA IN PARTNERSHIP WITH MULTIPLE LOCAL ORGANIZATIONS.

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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 $1,358,500

Program Service Revenue $0

Investment Income $6,984

Other Revenue $0

TOTAL REVENUE $1,365,484

Expense Breakdown

Grants Paid $1,499,175

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,499,175

Other Expenses $0

TOTAL EXPENSES $1,499,175

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,365,484	$338,449	+3.0%
Expenses	$1,499,175	$426,135	+2.5%
Net Income	$-133,691	$-87,686	+0.5%

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

N/A

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
MIKE THAKUR	PRESIDENT	3.00	Officer Director	$0	$0	$0
KRISTEN MCKENZIE	TREASURER	1.00	Officer Director	$0	$0	$0
CHARLES LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
LINDA THAKUR	DIRECTOR	3.00	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
2025	No data	No data	No data	No data
2024	$1,365,484	$1,499,175	$642,795	$-133,691
2023	$338,449	$426,135	$776,486	$-87,686
2022	$1,048,097	$1,125,871	$864,172	$-77,774
2021	$1,070,307	$831,333	$941,946	$238,974
2020	$1,018,936	$890,402	$702,722	$128,534
2020	$1,194,226	$892,097	$877,467	$302,129
2019	$1,268,070	$1,068,538	$575,338	$199,532