RESTORING HOPE CENTER INC

EIN: 554627519 501(c)(3) Human Services

LAURINBURG, NC

Total Revenue
$2,284,327
Total Expenses
$2,186,338
Total Assets
$607,857
Net Assets
$603,225
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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
2010
Legal Domicile
NC
Phone
9102764460
Tax Period
2023-01-01 to 2023-12-31

RESTORING HOPE CENTER INC, founded in 2010, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. Expenses of $2.2M left a modest 4% surplus.

Mission

Restoring Hope Center Inc. provides Food distribution to like-minded non-profit organizations and directly to needy 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,284,327
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,284,327

Expense Breakdown

Grants Paid $1,963,446
Salaries & Benefits $66,686
Fundraising Expenses $0
Program Expenses $1,963,446
Other Expenses $156,206
TOTAL EXPENSES $2,186,338

Year-over-Year Comparison

2023 2022 Change
Revenue $2,284,327 $1,705,175 +0.3%
Expenses $2,186,338 $1,678,198 +0.3%
Net Income $97,989 $26,977 +2.6%
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
6
Independent Members
6
Employees
3
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
3
$0
Total Directors
7
$52,920
Key Employees
1
$52,920
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Faye J Coates Director 40.00
Director Key Emp Highest
$52,920 $0 $52,920
Timothy Hodge President 5.00
Officer Director
$0 $0 $0
Christine Oxendine Treasurer 5.00
Officer Director
$0 $0 $0
Charles Whitehead Board Member 1.00
Director
$0 $0 $0
Mollie Clowers Board Member 1.00
Director
$0 $0 $0
Joyce Blease Board Member 1.00
Director
$0 $0 $0
Rita Anderson Secretary 10.00
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 $2,284,327 $2,186,338 $607,857 $97,989
2022 $1,705,175 $1,678,198 $509,520 $26,977
2021 $2,750,429 $2,707,568 $483,683 $42,861
2020 $2,198,732 $2,178,151 $437,518 $20,581
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