THE HOPE EFFECT

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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

JOSEPH DARAGO

Phone

6233418342

Tax Period

2023-01-01 to 2023-12-31

THE HOPE EFFECT, founded in 2014, is a small nonprofit in the Human Services sector that reported $729K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum.

Mission

THE HOPE EFFECT IS A NONPROFIT ORGANIZATION CHANGING HOW THE WORLD CARES FOR ORPHANS BY IMPLEMENTING INNOVATIVE FAMILY-BASED SOLUTIONS. WE FACILITATE FAMILY-STYLE CARE THAT PROVIDES OPPORTUNITY FOR EACH CHILD TO FLOURISH AND THRIVE IN A FAMILY ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $338,477

SONORA FAMILY-STYLE CARE PROGRAM: IN SONORA, MEXICO, WE ESTABLISHED THE FIRST NONPROFIT TO RECEIVE GOVERNMENT APPROVAL TO PROVIDE FAMILY-STYLE CARE. THIS NONPROFIT PARTNERS WITH THE GOVERNMENT TO...

SONORA FAMILY-STYLE CARE PROGRAM: IN SONORA, MEXICO, WE ESTABLISHED THE FIRST NONPROFIT TO RECEIVE GOVERNMENT APPROVAL TO PROVIDE FAMILY-STYLE CARE. THIS NONPROFIT PARTNERS WITH THE GOVERNMENT TO IMPLEMENT THEIR NEWLY-ESTABLISHED FAMILY-STYLE CARE PROGRAM, WHICH HELPS CHILDREN GET OUT OF ORPHANAGES AND INTO LOVING FAMILIES. THEY RECRUIT, EVALUATE, AND TRAIN FAMILIES TO PROVIDE CARE, ASSIST WITH CHILD PLACEMENT, AND PROVIDE MEANINGFUL FOLLOW-UP TO FAMILIES WHO WELCOME CHILDREN INTO THEIR HOMES.

Program 2

Expenses: $74,627

CAMBODIA FAMILY STYLE CARE PROGRAM: IN BATTAMBANG, CAMBODIA, OUR APPROACH IS TWOFOLD AS WE FOCUS ON REINTEGRATION AND PREVENTION. WE ARE HELPING FACILITATE THE REINTEGRATION OF CHILDREN WHO ARE...

CAMBODIA FAMILY STYLE CARE PROGRAM: IN BATTAMBANG, CAMBODIA, OUR APPROACH IS TWOFOLD AS WE FOCUS ON REINTEGRATION AND PREVENTION. WE ARE HELPING FACILITATE THE REINTEGRATION OF CHILDREN WHO ARE CURRENTLY LIVING IN ORPHANAGES BACK INTO THEIR LOVING FAMILIES AND PROVIDING EDUCATION AND RESOURCES TO STRENGTHEN FAMILIES AND PREVENT THEM FROM SURRENDERING THEIR CHILDREN TO AN ORPHANAGE.

Program 3

Expenses: $100,102

MICHOACAN FAMILY-STYLE CARE PROGRAM: IN MICHOACAN, MEXICO, WE BECAME THE FIRST NONPROFIT TO RECEIVE GOVERNMENT APPROVAL TO PROVIDE FAMILY-STYLE CARE. WE ARE PARTNERING WITH THE GOVERNMENT TO...

MICHOACAN FAMILY-STYLE CARE PROGRAM: IN MICHOACAN, MEXICO, WE BECAME THE FIRST NONPROFIT TO RECEIVE GOVERNMENT APPROVAL TO PROVIDE FAMILY-STYLE CARE. WE ARE PARTNERING WITH THE GOVERNMENT TO IMPLEMENT THEIR NEWLY-ESTABLISHED FAMILY-STYLE CARE PROGRAM, WHICH HELPS CHILDREN GET OUT OF ORPHANAGES AND INTO LOVING FAMILIES. WE RECRUIT, EVALUATE, AND TRAIN FAMILIES TO PROVIDE CARE, ASSIST WITH CHILD PLACEMENT, AND PROVIDE MEANINGFUL FOLLOW-UP TO FAMILIES WHO WELCOME CHILDREN INTO THEIR HOMES.

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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 $731,076

Program Service Revenue $0

Investment Income $1,962

Other Revenue $-4,077

TOTAL REVENUE $728,961

Expense Breakdown

Grants Paid $402,783

Salaries & Benefits $196,768

Fundraising Expenses $47,389

Program Expenses $627,870

Other Expenses $171,214

TOTAL EXPENSES $770,765

Year-over-Year Comparison

	2023	2022	Change
Revenue	$728,961	$540,955	+0.3%
Expenses	$770,765	$530,919	+0.5%
Net Income	$-41,804	$10,036	-5.2%

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

$117,062

Total Directors