TREE OF HOPE ASSOCIATION (EIN 473999838) - 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

LaTonia Rich

Tax Period

2024-01-01 to 2024-12-31

TREE OF HOPE ASSOCIATION, founded in 2015, is a small nonprofit in the Mental Health sector that reported $984K in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum.

Mission

Provided services, such as job training, peer groups and family reunification. Programming. Established recovery meetings in the facility and provided peer support to resident

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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 $976,274

Program Service Revenue $12,127

Investment Income $3,605

Other Revenue $-7,676

TOTAL REVENUE $984,330

Expense Breakdown

Grants Paid $0

Salaries & Benefits $534,297

Fundraising Expenses $0

Program Expenses $973,043

Other Expenses $481,396

TOTAL EXPENSES $1,015,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$984,330	$738,572	+0.3%
Expenses	$1,015,693	$717,727	+0.4%
Net Income	$-31,363	$20,845	-2.5%

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

N/A

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBEENA WALKER	BOARD MEMBER	005.00	Director	$0	$0	$0
JUDITH CLARK	BOARD MEMBER	010.00	Director	$0	$0	$0
LARRY SIMMONS	BOARD MEMBER	005.00	Director	$0	$0	$0
KEVIN SHORB	BOARD MEMBER	010.00	Director	$0	$0	$0
MEGHAN WESTWOOD	ADVISOR TO THE BOARD	010.00	Director	$0	$0	$0
DAVE SIDHU	PRESIDENT	030.00	Officer	$0	$0	$0
LATONIA RICH	EXECUTIVE DIRECTOR	030.00	Officer	$0	$0	$0
EDWIN RICH	EXECUTIVE DIRECTOR	030.00	Officer	$0	$0	$0
BRUCE HARGOVE	SECRETARY	010.00	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	$984,330	$1,015,693	$76,591	$-31,363
2023	$738,572	$717,727	$103,054	$20,845
2023	$737,202	$716,357	$103,054	$20,845
2022	$624,804	$590,083	$81,618	$34,721
2021	$39,797	$39,946	$16,445	$-149

TREE OF HOPE ASSOCIATION