INSPIRING HOPE MINISTRIES INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

THOMAS HAUNTY

Phone

6088364673

Tax Period

2024-01-01 to 2024-12-31

INSPIRING HOPE MINISTRIES INC, founded in 2015, is a small nonprofit in the Religion sector that reported $261K in total revenue in fiscal year 2024. The organization ran a surplus of $172K, a strong 66% operating margin.

Mission

INSPIRING HOPE MINISTRIES CREATES ACCESSIBLE OPPORTUNITIES TO PURSUE HEALING, LEARNING, FAITH, AND THE CREATIVE ARTS FOR ADULTS WITH DISABILITIES, THEIR FAMILIES, AND THEIR EXTENDED COMMUNITIES, HELPING BUILD MEANINGFUL LIVES.

Program Service Accomplishments

Program 1

Expenses: $55,343 Revenue: $12,800

INSPIRING HOPE MINISTRIES, INC. (IHM) OPERATES A CREATIVE ARTS LIFE CENTER THAT ACCOMPLISHES THE FOLLOWING: (1) CREATE - AN INSPIRING HOPE ARTS STUDIO SUPPORTING CREATIVE EXPERIENCES THAT ENCOURAGE A COMMUNITY OF IHM ARTISTS AND THOSE WHO DESIRE TO EXPLORE THE ARTS WITH THEM; (2) LEARN - EDUCATIONAL OPPORTUNITIES ENCOURAGING LEARNING ABOUT AND EXPLORING THE WORLD AROUND US AS WE BUILD RELATIONSHIPS TOGETHER; (3) HEAL - PURSUING A WHOLE LIFE; BODY, SOUL AND SPIRIT. PROVIDING OPPORTUNITIES FOR PRAYER, ENCOURAGEMENT, RESTORATION, REJOICING AND PURSUIT OF WELLNESS AND BUILDING OF A FAITH COMMUNITY; (4) GROW - DEVELOPING OPPORTUNITIES FOR GROWTH IN LIFE WHOLENESS FOR INDIVIDUALS AND FAMILIES. CREATING JOBS FOR LIFE WORK AND CONTRIBUTING TO OUR COMMUNITY THROUGH THE HOPE BOOKSTORE; (5) SHINE - DISPLAYING OUR CREATIVITY THROUGH DANCE, SONG, THEATER, IMPROVE AND A GALLERY OF VISUAL ARTS TO SHOW WHAT WE ARE DOING!

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $247,676

Program Service Revenue $12,756

Investment Income $671

Other Revenue $44

TOTAL REVENUE $261,147

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,266

Fundraising Expenses $3,428

Program Expenses $55,343

Other Expenses $81,416

TOTAL EXPENSES $88,682

Year-over-Year Comparison

	2024	2023	Change
Revenue	$261,147	N/A	N/A
Expenses	$88,682	N/A	N/A
Net Income	$172,465	$0	N/A

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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
MARY BETH HAUNTY	PRESIDENT	48.00	Officer Director	$0	$0	$0
THOMAS HAUNTY	VICE PRESIDENT/TREASURER	3.00	Officer Director	$0	$0	$0
MELISSA SHACKELFORD	SECRETARY	2.00	Officer Director	$0	$0	$0
PATRICIA LOOMIS	BOARD MEMBER	1.00	Director	$0	$0	$0
PAUL BELL	BOARD MEMBER	1.00	Director	$0	$0	$0
DONNA BELL	BOARD MEMBER	0.50	Director	$0	$0	$0
SHIRLEY DANIEL	BOARD MEMBER	0.75	Director	$0	$0	$0
PHOEBE LOVE	BOARD MEMBER	0.75	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	$261,147	$88,682	$302,388	$172,465