HOPE FOR RENEWAL INC

EIN: 472840498 501(c)(3) Religion

YOUNGSTOWN, OH

Total Revenue
$206,611
Total Expenses
$226,186
Total Assets
$313,675
Net Assets
$313,675
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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
MARK ROUMFORT
Phone
3305509506
Tax Period
2023-01-01 to 2023-12-31

HOPE FOR RENEWAL INC, founded in 2014, is a small nonprofit in the Religion sector that reported $207K in total revenue in fiscal year 2023.

Mission

COMMUNITY OUTREACH PROGRAM MINISTRY.

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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 $204,756
Program Service Revenue $0
Investment Income $1,855
Other Revenue $0
TOTAL REVENUE $206,611

Expense Breakdown

Grants Paid $0
Salaries & Benefits $100,768
Fundraising Expenses $0
Program Expenses $226,186
Other Expenses $125,418
TOTAL EXPENSES $226,186

Year-over-Year Comparison

2023 2022 Change
Revenue $206,611 $201,079 +0.0%
Expenses $226,186 $144,461 +0.6%
Net Income $-19,575 $56,618 -1.3%
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
N/A
Employees
2
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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GARY KOERTH EXECUTIVE DI N/A
Director
$0 $0 $0
MARK ROUMFORT CHAIRMAN/PRE N/A
Officer
$0 $0 $0
RICHARD BLAIR VICE-CHAIRMA N/A
Officer
$0 $0 $0
NANCY BARE SECRETART N/A
Officer
$0 $0 $0
ANITA CARSON TREASURER N/A
Officer
$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 $206,611 $226,186 $313,675 $-19,575
2022 $201,079 $144,461 $333,250 $56,618
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