THERE IS HOPE FOUNDATION INC

EIN: 510434491 501(c)(3) Religion

CLEVELAND, SC

Total Revenue
$13,730
Total Expenses
$15,091
Total Assets
$3,542
Net Assets
$3,542
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
GA
Principal Officer
THOMAS W BEAL
Tax Period
2019-01-01 to 2019-12-31

THERE IS HOPE FOUNDATION INC, founded in 2008, is a micro nonprofit in the Religion sector that reported $14K in total revenue in fiscal year 2019. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

TO ASSIST ROMANIAN CHURCHES AND PEOPLE WITH MEDICAL, PHYSICAL, SPIRITUAL, CLOTHING AND NUTRITIONAL NEEDS. PROVIDED SUPPORT TO CHILDRENS CAMP AND RETREAT CENTER IN BISTRITA/NASAUD REGIION OF ROMANIA

Program Service Accomplishments

Program 1
Expenses: $15,091 Revenue: $13,730

DISTRIBUTED SUPPLIES AND OFFERED MEDICAL AID. VOULUNTEERS ASSISTED IN CONSTRUCTION REPAIRS TO CHURCHES IN ROMANIA AND CAMP HOPE. PROVIDED PASTOR SUPPORT TO 9 DIFFERENT PASTORS/CHURCHES TO MEET THE...

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DISTRIBUTED SUPPLIES AND OFFERED MEDICAL AID. VOULUNTEERS ASSISTED IN CONSTRUCTION REPAIRS TO CHURCHES IN ROMANIA AND CAMP HOPE. PROVIDED PASTOR SUPPORT TO 9 DIFFERENT PASTORS/CHURCHES TO MEET THE NEEDS OF THEIR CHURCHES AND PARISHIONERS. PROVIDED HELP TO GYPSY MISSION CHURCHES IN ROMANIA. ROMANIAN GOVERNMENT HAS CLOSED MANY OF ITS ORPHANAGES AND PLACED EMPHASIS ON FOSTER CARE. THE GYPSY POPULATION IS LARGE AND OUR FOCUS HAS BEEN LARGELY PLACED ON THEIR TREMENDOUS NEEDS FOR SPIRITUAL,MEDICAL AND HOUSING NEEDS. PROVIDED ROMANIAN CHURCHES WITH LAUNDRY EQUIPMENT DURING MISSION TRIP IN 2017. 2018 PROVIDED PASTORIAL SUPPORT AND NEW ROOF FOR EDUCATION BUILDING/ BUILT A LARGE PLAYGROUND WITH ASSISTANCE OF KIDS AREOUND THE WORLD AT CAMP HOPE IN 2017.

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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 (2019)

Revenue Breakdown

Contributions & Grants $13,730
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $13,730

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,091
Other Expenses $15,091
TOTAL EXPENSES $15,091

Year-over-Year Comparison

2019 2018 Change
Revenue $13,730 $11,601 +0.2%
Expenses $15,091 $9,661 +0.6%
Net Income $-1,361 $1,940 -1.7%
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

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
20

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
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS W BEAL CEO AND BOARD MEMBER 35.00
Officer Director
$0 $0 $0
JOHN J ROGERS BOARD MEMBER 20.00
Director
$0 $0 $0
JERRY C YARBROUGH BOARD MEMBER 10.00
Director
$0 $0 $0
DANIEL P ELDER BOARD MEMBER 20.00
Director
$0 $0 $0
FREDDIE W YOUNG BOARD MEMBER 20.00
Director
$0 $0 $0
ARLENE BEAL BOARD MEMBER 35.00
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
2019 $13,730 $15,091 $3,542 $-1,361
2018 $11,601 $9,661 $4,903 $1,940
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