THE HOPE EFFECT (EIN 472624962) - Form 990 Financial Analysis & Trantor Score

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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 (CONTINUED ON SCHEDULE O) (CONTINUED FROM 990 PAGE 1) 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.

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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

$117,062

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH DARAGO	EXECUTIVE DIRECTOR	40.00	Officer Director	$113,564	$3,498	$117,062
DEBORA GARCIA	DIRECTOR	2.00	Director	$0	$0	$0
JILLIAN JOHNSRUD	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN JO LINCOLN	DIRECTOR	2.00	Director	$0	$0	$0
JOSHUA BECKER	PRESIDENT/CEO	2.00	Officer Director	$0	$0	$0
JEFF VAN EGDOM	SECRETARY	2.00	Officer Director	$0	$0	$0
BYRON GRAYSON	TREASURER	2.00	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	No data	No data	No data	No data
2023	$728,961	$770,765	$293,446	$-41,804
2022	$540,955	$530,919	$331,912	$10,036
2021	$409,573	$449,721	$323,027	$-40,148
2020	$330,549	$361,905	$363,612	$-31,356
2019	$283,653	$290,189	$392,885	$-6,536
2018	$268,964	$138,401	$384,952	$130,563

THE HOPE EFFECT