Hope Inc

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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

1975

Legal Domicile

Principal Officer

George Kelly

Phone

8033288000

Tax Period

2024-01-01 to 2024-12-31

Hope Inc, founded in 1975, is a community nonprofit in the Human Services sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

To provide those in need with food, utilities, medicine, transportation, and lodging.

Program Service Accomplishments

Program 1

Expenses: $2,385,717

Food was supplied to 12,714 familes. Each family is given enough food for at least 2 good meals per day for 7 days. These food donations include 42,602 individuals served which equates to rougly...

Food was supplied to 12,714 familes. Each family is given enough food for at least 2 good meals per day for 7 days. These food donations include 42,602 individuals served which equates to rougly 596,428 meals for the year .

Program 2

Expenses: $201,629

Utilities, Heating Gas, and Heating Oil was supplied to 535 families. Checks are written directly to supplies of the energy on the family's behalf. Storm relief funds were also available to families...

Program 3

Expenses: $2,817

Medicine and Prescription drugs were supplied to 27 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,819,289

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,819,289

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $18,220

Program Expenses $2,590,163

Other Expenses $2,772,817

TOTAL EXPENSES $2,772,817

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,819,289	$2,461,975	+0.1%
Expenses	$2,772,817	$2,390,389	+0.2%
Net Income	$46,472	$71,586	-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

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

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

$83,200

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
George Kelly	Chairman of the Board/Assistant Treasurer	20.00	Officer Director	$0	$0	$0
Dennis Smith	Intake Specialist	20.00	Officer Director	$0	$0	$0
Crawford Breakfield	Administrative Assistant	20.00	Director	$0	$0	$0
Fred Smith	Chairman - Missions Commit	20.00	Director	$0	$0	$0
James Kevin Davis	Treasurer/CFO	20.00	Officer Director	$0	$0	$0
H Gordon Bell	President	50.00	Officer	$83,200	$0	$83,200

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	$2,819,289	$2,772,817	$1,028,208	$46,472
2023	$2,461,975	$2,390,389	$1,055,316	$71,586
2022	$2,007,877	$1,945,669	$1,103,897	$62,208
2021	$1,747,326	$1,252,111	$1,098,398	$495,215
2020	$1,517,000	$1,286,313	$324,229	$230,687
2019	$1,000,472	$1,013,095	$93,541	$-12,623
2018	$957,839	$954,498	$106,161	$3,341