OUR HOPE

EIN: 475159699 501(c)(3) Environment

SEATTLE, WA

Total Revenue
$521,795
Total Expenses
$465,813
Total Assets
$108,880
Net Assets
$106,492
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
WA
Principal Officer
ASIA ADAM
Phone
2062099143
Tax Period
2023-01-01 to 2023-12-31

OUR HOPE, founded in 2017, is a small nonprofit in the Environment sector that reported $522K in total revenue in fiscal year 2023. Revenue surged 43% from the prior year, signaling strong growth momentum. Expenses of $466K left a modest 11% surplus.

Mission

To uplift the lives of our community by providing them access to resources and services that cultivate happy, prosperous, and healthy communities.

Program Service Accomplishments

Program 1

K-8 School (Hope Academy) 1)Increased student enrollment: Witnessed a 50% increase in student enrollment in 2023 while demonstrating the program's effectiveness in attracting students. 2) Improved...

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K-8 School (Hope Academy) 1)Increased student enrollment: Witnessed a 50% increase in student enrollment in 2023 while demonstrating the program's effectiveness in attracting students. 2) Improved academic outcomes: Implemented innovative teaching methods, leading to a 5% increase in standardized test scores across most grade levels. 3) Enhanced learning environment: Expanded after-school programs like HELLO to provide a safe and enriching environment beyond the regular school day. HELLO now offers homework help, STEM, clubs, and creative arts workshops to an average of 50 students two days a week.

Program 2

Youth Mentorhsip Program (including HopeWorks) 1) Holistic support for youth: Provided vital social, economic, emotional, and acadmemic support for over 40 youths through one-on-one mentoring...

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Youth Mentorhsip Program (including HopeWorks) 1) Holistic support for youth: Provided vital social, economic, emotional, and acadmemic support for over 40 youths through one-on-one mentoring relationships. 2) Family engagement: Empowered families by offering services like college prep workshops, financial literacy training, and social gatherings that foster community connection. Over 30 families participated in our financial literacy workshops in 2023.

Program 3

Education Enhancement and Support Program 1) Expanded community outreach: Increased community engagement efforts through town hall meetings and resource fairs, reaching over 200 community members to...

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Education Enhancement and Support Program 1) Expanded community outreach: Increased community engagement efforts through town hall meetings and resource fairs, reaching over 200 community members to address emerging needs, particularly those arising from the pandemic. 2) Enhancing learning opportunities: Successfully implemented innovative educational programs, including a comprehensive supplemental education program focused on literacy and math readiness and after-school enrichment activities like debate club and art club. The summar program served 75 students and helped many improve thier reading levels. 3) Positive Student Impact: Made a positve impact on the lives of students by creating valuable learning opportunities.

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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 $422,308
Program Service Revenue $99,487
Investment Income $0
Other Revenue $0
TOTAL REVENUE $521,795

Expense Breakdown

Grants Paid $0
Salaries & Benefits $322,042
Fundraising Expenses $0
Other Expenses $143,771
TOTAL EXPENSES $465,813

Year-over-Year Comparison

2023 2022 Change
Revenue $521,795 $366,113 +0.4%
Expenses $465,813 $395,780 +0.2%
Net Income $55,982 $-29,667 -2.9%
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

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Governance

Voting Members
N/A
Independent Members
N/A
Employees
17
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
1
$41,550
Total Directors
3
$41,550
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ASIA ADAM PRESIDENT 040.00
Officer Director
$41,550 $0 $41,550
HAWA ABDI SECRETARY 002.00
Director
$0 $0 $0
ALI WARSAME TREASURER 002.00
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 $521,795 $465,813 $108,880 $55,982
2022 $366,113 $395,780 $26,344 $-29,667
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