RAY OF HOPE MISSION CENTER INC (EIN 522064379) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Principal Officer

COURTNEY BARRETT

Phone

4103789800

Tax Period

2024-01-01 to 2024-12-31

RAY OF HOPE MISSION CENTER INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $327K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO RECOGNIZE AND ADDRESS THE NEEDS OF THOSE WHO ARE STRUGGLING WITHIN OUR COMMUNITY AND ASSIST THEM IN THEIR EFFORTS TO PROVIDE FOR THEMSELVES AND THEIR FAMILIES.

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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 $180,126

Program Service Revenue $146,406

Investment Income $21

Other Revenue $0

TOTAL REVENUE $326,553

Expense Breakdown

Grants Paid $31,326

Salaries & Benefits $193,864

Fundraising Expenses $0

Program Expenses $303,050

Other Expenses $120,869

TOTAL EXPENSES $346,059

Year-over-Year Comparison

	2024	2023	Change
Revenue	$326,553	$299,183	+0.1%
Expenses	$346,059	$309,216	+0.1%
Net Income	$-19,506	$-10,033	+0.9%

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

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

$43,680

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
COURTNEY BARRETT	PRESIDENT	50.00	Key Emp	$43,680	$0	$43,680
CHARLES FINNEY	VICE PRESIDENT	5.00	Director	$0	$0	$0
JOSEPH SHEPHARD	SECRETARY/TREASURER	5.00	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	$326,553	$346,059	$565,928	$-19,506
2023	$299,183	$309,216	$578,571	$-10,033
2022	$266,540	$307,074	$517,731	$-40,534
2021	$325,741	$259,498	$569,857	$66,243
2020	$257,842	$229,231	$519,018	$28,611
2019	$243,419	$271,913	$503,967	$-28,494
2018	$238,396	$257,199	$528,484	$-18,803

RAY OF HOPE MISSION CENTER INC