HOOVER HELPS

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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

2015

Legal Domicile

Principal Officer

DONNA BISHOP

Phone

2055164616

Tax Period

2024-01-01 to 2024-12-31

HOOVER HELPS, founded in 2015, is a small nonprofit in the Community Improvement sector that reported $180K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $173K left a modest 4% surplus.

Mission

HOOVER HELPS WAS CREATED IN FEBRUARY 2015 AND OUR MISSION IS TO HELP MEET THE BASIC NEEDS OF THE CHILDREN IN HOOVER, ALABAMA. HOOVER HELPS IS A FAMILY AND VOLUNTEER DRIVEN NONPROFIT WHICH RAISES MONEY TO FILL GAPS AND CREATE NEW FEEDING AND SUPPORT OPPORTUNITIES.

Program Service Accomplishments

Program 1

Expenses: $127,177

PROVIDE FOOD AND DIRECT ASSISTANCE TO MEET THE MOST BASIC NEEDS OF CHILDREN IN HOOVER, ALABAMA

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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 $180,024

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $180,024

Expense Breakdown

Grants Paid $81,671

Salaries & Benefits $53,511

Fundraising Expenses $30,311

Program Expenses $127,177

Other Expenses $37,653

TOTAL EXPENSES $172,835

Year-over-Year Comparison

	2024	2023	Change
Revenue	$180,024	$156,258	+0.2%
Expenses	$172,835	$207,615	-0.2%
Net Income	$7,189	$-51,357	-1.1%

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

1200

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

$53,511

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG BISHOP	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
STEVE MCCLINTON	MEMBER	1.00	Director	$0	$0	$0
DEBBIE MAR	MEMBER	1.00	Director	$0	$0	$0
JENNIFER PATE	MEMBER	1.00	Director	$0	$0	$0
DONNA BISHOP	EXECUTIVE DIRECTOR	10.00	Officer	$53,511	$0	$53,511

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	$180,024	$172,835	$92,197	$7,189
2023	$156,258	$207,615	$85,008	$-51,357
2022	$201,646	$190,868	$136,365	$10,778
2021	$165,616	$163,507	$125,587	$2,109
2020	$242,362	$191,038	$123,478	$51,324