Beacon of Hope Services Inc (EIN 562241353) - 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

2000

Legal Domicile

Principal Officer

Jessi Koontz

Phone

8286493470

Tax Period

2023-01-01 to 2023-12-31

Beacon of Hope Services Inc, founded in 2000, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 25% from the prior year — a significant decline worth monitoring. Expenses of $948K left a modest 6% surplus.

Mission

Beacon of Hope serves residents of Madison and surrounding counties by providing food assistance and assitance with clothing and household items.

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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 $676,826

Program Service Revenue $142,110

Investment Income $80,301

Other Revenue $105,621

TOTAL REVENUE $1,004,858

Expense Breakdown

Grants Paid $545,555

Salaries & Benefits $208,450

Fundraising Expenses $19,488

Program Expenses $836,699

Other Expenses $193,666

TOTAL EXPENSES $947,671

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,004,858	$1,342,942	-0.3%
Expenses	$947,671	$1,257,199	-0.2%
Net Income	$57,187	$85,743	-0.3%

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

$44,583

Total Directors

$44,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jessi Koontz	Executive Director	40.00	Officer Director	$44,583	$0	$44,583
Robert A Clifford	Board Chairman	10.00	Officer Director	$0	$0	$0
Janet Spivey	Secretary	7.00	Officer Director	$0	$0	$0
Carrie Lee Hoffman	Board Member	1.00	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	$1,004,858	$947,671	$1,059,325	$57,187
2022	$1,342,942	$1,257,199	$494,935	$85,743
2021	$1,018,774	$906,872	$408,709	$111,902
2020	$694,614	$592,358	$297,668	$102,256
2019	$919,896	$884,374	$195,538	$35,522
2018	$804,366	$761,156	$150,328	$43,210

Beacon of Hope Services Inc