HOPE

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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

1992

Legal Domicile

Principal Officer

FRANK N ALLEN

Tax Period

2023-01-01 to 2023-12-31

HOPE, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $129K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring.

Mission

To serve those affected by poverty and disaster through contributions, in-kind gifts,human services and volunteer efforts

Program Service Accomplishments

Program 1

Expenses: $36,449

1.Hope Summer Day Camp- Provided remediation and a safe haven for community children during the summer months.2.Hope with a Meal- Provided assistance with food insecurity in the Hampton Roads...

1.Hope Summer Day Camp- Provided remediation and a safe haven for community children during the summer months.2.Hope with a Meal- Provided assistance with food insecurity in the Hampton Roads area.3.Annual Coat/ Warm Blanket Drive- Provided warm coats and blankets for community members.4.Baby Item Drive/ Personal Hygiene- Gave away New and Gently used baby items and personal hygiene items to community families.5.Hope House- Provided transitional housing to community men suffering from low income, mental health issues, substance misuse disorder, and process addictions.

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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 (2023)

Revenue Breakdown

Contributions & Grants $88,075

Program Service Revenue $11,416

Investment Income $0

Other Revenue $29,040

TOTAL REVENUE $128,531

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,561

Fundraising Expenses $0

Program Expenses $36,449

Other Expenses $66,388

TOTAL EXPENSES $135,949

Year-over-Year Comparison

	2023	2022	Change
Revenue	$128,531	$186,294	-0.3%
Expenses	$135,949	$228,660	-0.4%
Net Income	$-7,418	$-42,366	-0.8%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM RICHARDSON	Board Member	5.00	Director	$0	$0	$0
SHARON WALLACE	Officer	5.00	Director	$0	$0	$0
BRIDGET GILES	Board Member	1.80	Director	$0	$0	$0
SUSAN MUTER	Board member	5.00	Director	$0	$0	$0
FRANK N ALLEN	EXECUTIVE DIRECTORFOUNDER	40.00	Officer Director	$0	$0	$0
NINA JOYNER	Officer	2.50	Officer 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	$128,531	$135,949	$-18,235	$-7,418
2022	$186,294	$228,660	$-16,698	$-42,366
2021	$175,107	$216,292	$-8,143	$-41,185
2020	$170,991	$151,546	$18,420	$19,445
2019	$347,160	$349,455	$13,489	$-2,295
2018	$239,064	$263,949	$6,457	$-24,885