HOPE HAVEN MINISTRIES INC (EIN 581611140) - 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

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

HOPE HAVEN MINISTRIES IS A CHRISTIAN, INTER-DENOMINATIONAL, NON-PROFIT MINISTRY FOR MEN, WOMEN, AND CHILDREN WHO ARE IMPROVERISHED ECONOMICALLY, EDUCATIONALLY, EMOTIONALLY, AND/OR SPIRITUALLY. THIS MINISTRY PROVIDES EMERGENCY ASSISTANCE SUCH AS SHELTER, FOOD, AND CRISIS COUNSELING ALONG WITH STRUCTURED COMPASSIONATE PROGRAMS STRESSING REHABILITATION, RESTORATION, AND A RESPONSIBLE ATTITUDE TOWARD GOD, SELF, FAMILY AND SOCIETY. WE HELP THE HOMELESS HELP THEMSELVES BY SHARING THE LOVE OF JESUS CHRIST, BUILDING SELF-SUFFICIENCY AND BREAKING THE CYCLE OF HOMELESSNESS.

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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

$49,692

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID WILLIAMS	PRESIDENT	2.00	Officer Director	$0	$0	$0
CINDY BRUMIT	RECEIVING TREASURER AND SE	5.00	Officer Director	$0	$0	$0
BRENT LONG	DIRECTOR	1.00	Director	$0	$0	$0
DARYL JANE	DIRECTOR	1.00	Director	$0	$0	$0
TRISH MIMS	DISBURSING TREASURER	1.00	Director	$0	$0	$0
JERRY MACHEN	VICE-PRESIDENT	1.00	Director	$0	$0	$0
ED PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
JOEL TRIGG	EXECUTIVE DIRECTOR	31.00	Officer Director	$49,692	$0	$49,692

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	No data	No data	No data	No data
2022	$351,414	$425,053	$648,773	$-73,639
2021	$353,463	$291,150	$735,785	$62,313
2020	$336,174	$230,313	$211,108	$105,861

HOPE HAVEN MINISTRIES INC