HOPE HAVEN MINISTRIES 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

1982

Legal Domicile

Principal Officer

DAVID D WILLIAMS

Phone

4232466012

Tax Period

2022-01-01 to 2022-12-31

HOPE HAVEN MINISTRIES INC, founded in 1982, is a small nonprofit in the Housing & Shelter sector that reported $351K in total revenue in fiscal year 2022. Expenses of $425K exceeded revenue, resulting in a 21% operating deficit.

Mission

TO SERVE AN UNMET NEED IN THE REGION BY FIRST PROVIDING SHELTER FOR MEN AND WOMEN WHO MAY BE UNABLE TO FIND SHELTER AT OTHER FACILITIES BUT ALSO PROVIDE RESIDENTS WITH A UNIQUE OPPORTUNITY TO DEVELOP AND UTILIZE FUNDAMENTAL LIFE SKILLS TO ACHIEVE INDEPENDENCE IN DAILY LIVING AND TO BECOME PRODUCTIVE MEMBERS OF SOCIETY. THE FUNDIMENTAL KEY PURPOSE IS TO HELP THE HOMELESS HELP THEMSELVES.

Program Service Accomplishments

Program 1

Expenses: $383,505

PROVIDE LODGING AND MEALS FOR MEN, WOMEN, AND CHILDREN WHO HAVE NO OTHER SOURCE OF SHELTER. WE ALSO PROVIDE BATHING AND LAUNDRY FACILITIES FOR RESIDENTS AND NONRESIDENTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $131,737

Program Service Revenue $0

Investment Income $256

Other Revenue $219,421

TOTAL REVENUE $351,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $154,945

Fundraising Expenses $1,305

Program Expenses $383,505

Other Expenses $270,108

TOTAL EXPENSES $425,053

Year-over-Year Comparison

	2022	2021	Change
Revenue	$351,414	$353,463	0.0%
Expenses	$425,053	$291,150	+0.5%
Net Income	$-73,639	$62,313	-2.2%

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

$49,692

Total Directors