HISTORIC HOPE FOUNDATION INC (EIN 560959945) - 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

1965

Legal Domicile

Principal Officer

Turner Bond Sutton

Phone

2527943140

Tax Period

2023-01-01 to 2023-12-31

HISTORIC HOPE FOUNDATION INC, founded in 1965, is a small nonprofit in the Arts, Culture & Humanities sector that reported $123K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $209K exceeded revenue, resulting in a 69% operating deficit.

Mission

To acquire and maintain for the benefit of the public the historic home of Governor David Stone in Bertie County NC known as Hope Plantation. The mission includes providing educational cultural and recreational benefits for the public as an element of the heritage of the Roanoke-Chowan region.

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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 $45,432

Program Service Revenue $15,104

Investment Income $38,537

Other Revenue $24,287

TOTAL REVENUE $123,360

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,478

Fundraising Expenses $0

Program Expenses $208,994

Other Expenses $152,516

TOTAL EXPENSES $208,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$123,360	$353,421	-0.7%
Expenses	$208,994	$292,212	-0.3%
Net Income	$-85,634	$61,209	-2.4%

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mrs Dianne Bazemore	Director	0.25	Director	$0	$0	$0
Mrs C Wood Beasley	Director	0.10	Director	$0	$0	$0
Dr Tonya Blair	Director	0.25	Director	$0	$0	$0
Mrs Ollie P Bond	Director	0.50	Director	$0	$0	$0
Mr J P Harrington	Director	0.10	Director	$0	$0	$0
Dr Nayland Collier	Director	0.40	Director	$0	$0	$0
Mrs Julie Collins	Director	0.50	Director	$0	$0	$0
The Reverend Joseph Wiley Cooper	Immediate Past President Director	2.00	Director	$0	$0	$0
Mrs Linda Hoggard	Director	1.00	Director	$0	$0	$0
Mrs Nancy Neal	Director	1.00	Director	$0	$0	$0
Dr Minnie Outlaw	Director	0.25	Director	$0	$0	$0
Mrs Connie Richardson	Director	0.25	Director	$0	$0	$0
Dr Benjamin F Speller Jr	Vice President Life Director	5.00	Officer Director	$0	$0	$0
Dr Turner Bond Sutton	President Director	25.00	Officer Director	$0	$0	$0
Mrs Harriet Stout	Director	1.00	Director	$0	$0	$0
Mr William Peele III	Director	0.10	Director	$0	$0	$0
Mrs Thelma W Walton	Director	0.10	Director	$0	$0	$0
Mrs Norma Wesson	Treasurer Director	2.00	Officer Director	$0	$0	$0
Mr Ron Wesson	Director	1.00	Director	$0	$0	$0
Mrs Coleen McGlone	Director	0.10	Director	$0	$0	$0
Mrs C B Guess	Director	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	No data	No data	No data	No data
2023	$123,360	$208,994	$1,134,888	$-85,634
2022	$353,421	$292,212	$1,226,173	$61,209
2021	$187,684	$145,511	$1,204,676	$42,173
2020	$98,414	$107,724	$1,196,630	$-9,310

HISTORIC HOPE FOUNDATION INC