HOPEWELL FUND (EIN 473681860) - 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

2015

Legal Domicile

Principal Officer

LEE BODNER

Phone

2026648763

Tax Period

2023-01-01 to 2023-12-31

HOPEWELL FUND, founded in 2015, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $157.7M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE HOPEWELL FUND HELPS SOCIAL ENTREPRENEURS AND OTHER CHANGEMAKERS LAUNCH NEW, (CONT. SCHEDULE O) INNOVATIVE SOCIAL CHANGE PROJECTS, PRIMARILY THROUGH FISCAL SPONSORSHIP. HOPEWELL IS DESIGNED TO FACILITATE RAPID AND EFFICIENT LAUNCHES OF WELL-RESOURCED PROJECTS WITH DIVERSE REVENUE & FUNDING MODELS, INCLUDING CHARITABLE CONTRIBUTIONS AND INVESTMENTS. MANY OF HOPEWELL'S PROJECTS EMPLOY BOLD AND AMBITIOUS STRATEGIES TO ACHIEVE THE IMPACT THEY SEEK. HOPEWELL IS MANAGED BY A BOARD OF DIRECTORS WITH EXPERIENCE IN STARTING UP INNOVATIVE ORGANIZATIONS.

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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 $152,170,198

Program Service Revenue $395,653

Investment Income $4,987,312

Other Revenue $156,253

TOTAL REVENUE $157,709,416

Expense Breakdown

Grants Paid $87,030,788

Salaries & Benefits $19,225,833

Fundraising Expenses $416,204

Program Expenses $148,807,466

Other Expenses $50,203,975

TOTAL EXPENSES $156,563,563

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,709,416	$178,097,921	-0.1%
Expenses	$156,563,563	$157,316,014	0.0%
Net Income	$1,145,853	$20,781,907	-0.9%

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

163

Volunteers

150

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

$6,230

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY CUFF	PROJECT DIRECTOR	36.00	Highest	$297,920	$49,526	$347,446
SHARONA ROTH	PROJECT DIRECTOR	32.00	Highest	$245,599	$36,656	$282,255
MEAGAN CAVANAUGH	PROJECT DIRECTOR	40.00	Highest	$240,843	$33,937	$274,780
BONNIE JONES	PROJECT DIRECTOR	37.00	Highest	$229,363	$41,985	$271,348
JANET CREPPS HILLER	PROJECT DIRECTOR	40.00	Highest	$229,939	$35,572	$265,511
ANDREW SCHULZ	GENERAL COUNSEL	1.00	Officer	$6,230	$0	$6,230
LEE BODNER	BOARD CHAIR AND PRESIDENT	1.00	Officer Director	$0	$0	$0
CHERYL CONTEE	SECRETARY & TREASURER	1.00	Officer Director	$0	$0	$0
LORI CHATMAN	DIRECTOR (THROUGH 1/23/23)	1.00	Director	$0	$0	$0
MARISSA PADILLA	DIRECTOR	1.00	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	$157,709,416	$156,563,563	$170,485,420	$1,145,853
2022	$178,097,921	$157,316,014	$176,857,021	$20,781,907
2021	$123,385,939	$122,053,314	$159,581,623	$1,332,625
2020	$152,371,332	$127,636,237	$160,094,021	$24,735,095
2019	$86,964,726	$107,689,308	$135,001,987	$-20,724,582
2018	$66,892,414	$78,113,237	$130,298,757	$-11,220,823

HOPEWELL FUND