FINDING HOPE MINISTRIES

EIN: 474972311 501(c)(3) Human Services

TAYLORSVILLE NC, NC

Total Revenue
$469,329
Total Expenses
$270,589
Total Assets
$1,557,736
Net Assets
$1,557,736
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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
2016
Legal Domicile
NC
Principal Officer
NATHAN MERRILL
Phone
8282284140
Tax Period
2024-01-01 to 2024-12-31

FINDING HOPE MINISTRIES, founded in 2016, is a small nonprofit in the Human Services sector that reported $469K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $199K, a strong 42% operating margin.

Mission

TO HELP FUND A CHILDREN'S HOME AND PROVIDE MEDICAL CARE AND FEED THE POOR IN ROMANIA AND UKRAINE.TO HELP FUND A CHURCH IN ROMANIA. HELPING THE POOR AND UNDERPRIVILEGED IN ALEXANDER COUNTY, NC.

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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 (2024)

Revenue Breakdown

Contributions & Grants $434,450
Program Service Revenue $32,164
Investment Income $2,715
Other Revenue $0
TOTAL REVENUE $469,329

Expense Breakdown

Grants Paid $133,635
Salaries & Benefits $0
Fundraising Expenses $16,248
Program Expenses $233,683
Other Expenses $136,954
TOTAL EXPENSES $270,589

Year-over-Year Comparison

2024 2023 Change
Revenue $469,329 $529,906 -0.1%
Expenses $270,589 $249,264 +0.1%
Net Income $198,740 $280,642 -0.3%
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
7
Independent Members
7
Employees
N/A
Volunteers
30

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NATHAN MERRILL PRESIDENT 20.00
Officer Director
$0 $0 $0
ISABELLA HAMBY SECRETARY 15.00
Officer Director
$0 $0 $0
KEVIN POWELL TREASURER 15.00
Officer Director
$0 $0 $0
GABRIEL LEVY OFFICER 2.00
Director
$0 $0 $0
LOGAN WALKER OFFICER 2.00
Director
$0 $0 $0
REMUS DEAC OFFICER 2.00
Director
$0 $0 $0
STEVEN MERRILL OFFICER 4.00
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 $469,329 $270,589 $1,557,736 $198,740
2023 $529,906 $249,264 $1,352,045 $280,642
2022 $637,365 $176,085 $1,076,321 $461,280
2021 $527,017 $117,730 $615,674 $409,287
2020 $279,825 $363,272 $206,387 $-83,447
2019 $272,958 $196,459 $289,834 $76,499
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