FOUNDATION OF HOPE FOR RESEARCH AND TREATMENT OF MENTAL ILLNESS

EIN: 566246626 501(c)(3)

RALEIGH, NC

Total Revenue
$3,309,690
Total Expenses
$2,324,424
Total Assets
$11,567,273
Net Assets
$11,567,273
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
NC
Principal Officer
SARAH WESLEY FOX
Phone
9197819255
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION OF HOPE FOR RESEARCH AND TREATMENT OF MENTAL ILLNESS, founded in 1984, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2024. The organization ran a surplus of $985K, a strong 30% operating margin.

Mission

TO CONQUER MENTAL ILLNESS BY INVESTING IN GROUNDBREAKING SCIENTIFIC RESEARCH AND MENTAL HEALTH INITIATIVES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,529,372
Program Service Revenue $0
Investment Income $511,593
Other Revenue $268,725
TOTAL REVENUE $3,309,690

Expense Breakdown

Grants Paid $1,645,141
Salaries & Benefits $395,882
Fundraising Expenses $121,441
Program Expenses $2,028,509
Other Expenses $283,401
TOTAL EXPENSES $2,324,424

Year-over-Year Comparison

2024 2023 Change
Revenue $3,309,690 $3,432,284 0.0%
Expenses $2,324,424 $1,773,181 +0.3%
Net Income $985,266 $1,659,103 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
20
Independent Members
19
Employees
17
Volunteers
495

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
5
$104,450
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SARAH WESLEY FOX CHAIR 1.00
Officer Director
$0 $0 $0
MICHAEL ZARZAR MD VICE-CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH SKVARLA SECRETARY 1.00
Officer Director
$0 $0 $0
JACK NAFTEL MD INTERIM TREASURER 1.00
Officer Director
$0 $0 $0
DANA BOOLE BOARD MEMBER 1.00
Director
$0 $0 $0
MARY CANTANDO BOARD MEMBER 1.00
Director
$0 $0 $0
TERRY CARLTON BOARD MEMBER 1.00
Director
$0 $0 $0
TAYLOR B CASH JR BOARD MEMBER 1.00
Director
$0 $0 $0
ASA CORDLE MD BOARD MEMBER (TO JUN '24) 1.00
Director
$0 $0 $0
ELIZABETH COX MD BOARD MEMBER 1.00
Director
$0 $0 $0
JODY DARDEN BOARD MEMBER 1.00
Director
$0 $0 $0
TANYA DOEBLER BOARD MEMBER 1.00
Director
$0 $0 $0
SYLVIA HACKETT BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE JONES BOARD MEMBER 1.00
Director
$0 $0 $0
EASTER MAYNARD BOARD MEMBER 1.00
Director
$0 $0 $0
HILDA PINNIX-RAGLAND BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY QUIRK BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID RUBINOW MD BOARD MEMBER 1.00
Director
$0 $0 $0
KEN SMITH BOARD MEMBER 1.00
Director
$0 $0 $0
NICOLE CAFAZZO SPECTOR MD BOARD MEMBER 1.00
Director
$0 $0 $0
STEVE THANHAUSER BOARD MEMBER 1.00
Director
$0 $0 $0
MARION WINSTON BOARD MEMBER (TO JUL '24) 1.00
Director
$0 $0 $0
SHELLEY EURE BELK EXECUTIVE DIRECTOR 40.00
Officer
$92,000 $12,450 $104,450
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 $3,309,690 $2,324,424 $11,567,273 $985,266
2023 $3,432,284 $1,773,181 $10,239,100 $1,659,103
2022 $2,733,837 $1,298,968 $8,348,572 $1,434,869
2021 $1,866,051 $1,147,422 $8,015,867 $718,629
2020 $1,022,958 $890,808 $6,591,165 $132,150
2019 $1,600,093 $1,340,561 $5,662,319 $259,532
2018 $2,034,962 $1,164,566 $5,405,154 $870,396
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