CHARITIES OF HOPE INC

EIN: 542067705 501(c)(3)

Newington, CT

Total Revenue
$70,102
Total Expenses
$35,223
Total Assets
$103,760
Net Assets
$-108,796
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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
2007
Legal Domicile
CT
Principal Officer
MARJORIE HIGGINS-BARKMAN
Phone
8609290271
Tax Period
2021-01-01 to 2021-12-31

CHARITIES OF HOPE INC, founded in 2007, is a micro nonprofit that reported $70K in total revenue in fiscal year 2021. The organization ran a surplus of $35K, a strong 50% operating margin.

Mission

DUE TO COVID OUR OPERATION WAS NO LONGER ACTIVE

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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 (2021)

Revenue Breakdown

Contributions & Grants $70,102
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $70,102

Expense Breakdown

Grants Paid $1,965
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $33,258
TOTAL EXPENSES $35,223

Year-over-Year Comparison

2021 2020 Change
Revenue $70,102 N/A N/A
Expenses $35,223 N/A N/A
Net Income $34,879 N/A N/A
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
4
Independent Members
N/A
Employees
N/A
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
4
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARJORIE HIGGINS-BARKMAN CEO 040.00
Officer
$0 $0 $0
JOSEPH CARUSO VP N/A
Officer
$0 $0 $0
LYNNE ROGERS TREASURER 002.00
Officer
$0 $0 $0
SANDRA SHEPARD SECRETARY 002.00
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
2021 $70,102 $35,223 $103,760 $34,879
2019 $492,195 $548,639 $429,880 $-56,444
2018 $714,621 $695,094 $493,288 $19,527
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