VOICES OF HOPE INC

EIN: 473110713 501(c)(3) Mental Health

ELKTON, MD

Total Revenue
$4,018,020
Total Expenses
$3,783,997
Total Assets
$2,378,147
Net Assets
$1,225,490
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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
MD
Principal Officer
JENNIFER TUERKE
Phone
4439937055
Tax Period
2023-07-01 to 2024-06-30

VOICES OF HOPE INC, founded in 2015, is a community nonprofit in the Mental Health sector that reported $4.0M in total revenue in fiscal year 2023. Revenue surged 92% from the prior year, signaling strong growth momentum. Expenses of $3.8M left a modest 6% surplus.

Mission

VOICES OF HOPE MISSION IS EMPOWERING LIVES AND FOSTERING RECOVERY. OUR NON-PROFIT IS DEDICATED TO SUPPORTING INDIVIDUALS AND FAMILIES FACING SUBSTANCE USE DISORDER. THROUGH COMPASSION, EDUCATION, AND COMMUNITY ENGAGEMENT, WE STRIVE TO BREAK THE CHAINS OF ADDICTION, PROMOTING A HEALTHIER, BRIGHTER FUTURE FOR ALL.

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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 $3,896,892
Program Service Revenue $74,602
Investment Income $0
Other Revenue $46,526
TOTAL REVENUE $4,018,020

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,707,906
Fundraising Expenses $16,855
Program Expenses $3,267,056
Other Expenses $1,076,091
TOTAL EXPENSES $3,783,997

Year-over-Year Comparison

2023 2022 Change
Revenue $4,018,020 $2,093,955 +0.9%
Expenses $3,783,997 $1,711,874 +1.2%
Net Income $234,023 $382,081 -0.4%
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
9
Independent Members
8
Employees
75
Volunteers
75

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
5
$180,062
Total Directors
8
$72,650
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN CORRIGAN TREASURER 3.00
Officer Director
$0 $0 $0
CORREN JOHNSON SECRETARY 40.00
Officer Director
$72,650 $0 $72,650
MORGAN DEWEESE VICE PRESIDENT 3.00
Officer Director
$0 $0 $0
TERRI GENTRY BOARD MEMBER 1.00
Director
$0 $0 $0
SHAUNA MCGOUGH PRESIDENT 3.00
Officer Director
$0 $0 $0
SHAWNNA JOHNSON BOARD MEMBER 1.00
Director
$0 $0 $0
BILL BURKE BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA WEINSTEIN BOARD MEMBER 1.00
Director
$0 $0 $0
JENNIFER TUERKE EXECUTIVE DIRECTOR 40.00
Officer
$107,412 $0 $107,412
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 $4,018,020 $3,783,997 $2,378,147 $234,023
2023 $2,093,955 $1,711,874 $1,871,477 $382,081
2022 $2,866,251 $2,830,336 $1,291,397 $35,915
2021 $2,420,576 $2,030,498 $687,750 $390,078
2020 $782,751 $611,183 $283,478 $171,568
2019 $686,617 $586,062 $101,510 $100,555
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