LIGHT OF HOPE INC

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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

NANCY PHELPS

Phone

9183734560

Tax Period

2024-07-01 to 2025-06-30

LIGHT OF HOPE INC, founded in 2015, is a small nonprofit in the Mental Health sector that reported $106K in total revenue in fiscal year 2024. Revenue fell 45% from the prior year — a significant decline worth monitoring. Expenses of $128K exceeded revenue, resulting in a 21% operating deficit.

Mission

LIGHT OF HOPE IS A 501 C 3NON-PROFIT ASSISTING INDIVIDUALS AND FAMILIES FACING THE STRUGGLE OF SUBSTANCE MISUSE AND PROVIDING PREVENTION EDUCATION TO OUR COMMUNITIES. OUR SERVICES INCLUDE OUT TWO MAIN FOCUES: RECOVERY SUPPORT AND PREVENTION EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $6,529

SCHOOL AND COMMUNITY DRUG EDUCATION OUTREACH. PARTNERED WITH THE DRUG ENFORCEMENT ADMINISTRATION BOOKS USED: LIFE RECOVERY BIBLE HOPE IN THE STRUGGLE BOUNDARIES FINANCIAL PEACE THE TWELVE GIFTS AND...

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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 $106,244

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $106,244

Expense Breakdown

Grants Paid $0

Salaries & Benefits $66,873

Fundraising Expenses $0

Program Expenses $6,529

Other Expenses $61,540

TOTAL EXPENSES $128,413

Year-over-Year Comparison

	2024	2023	Change
Revenue	$106,244	$191,929	-0.4%
Expenses	$128,413	$150,297	-0.1%
Net Income	$-22,169	$41,632	-1.5%

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

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
CINDY GRIFFIN	Vice President	15.00	Officer	$0	$0	$0
STEVE REIGER	President	15.00	Officer	$0	$0	$0
NANCY PHELPS	CEO	40.00	Officer	$0	$0	$0
KIMBERLY SHUGART	Treasurer	40.00	Officer	$0	$0	$0
AMBER BRAND	Secretary	40.00	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
2025	$106,244	$128,413	$509,816	$-22,169
2024	$191,929	$150,297	$538,145	$41,632
2023	$595,899	$200,893	$429,504	$395,006
2022	$152,631	$203,141	$113,209	$-50,510
2021	$169,850	$174,411	$142,019	$-4,561
2020	$146,087	$113,809	$81,980	$32,278
2019	$100,612	$69,518	$49,702	$31,094