HopeCo (EIN 581821149) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

Matt Parker

Phone

2766328477

Tax Period

2024-01-01 to 2024-12-31

HopeCo, founded in 1988, is a small nonprofit that reported $684K in total revenue in fiscal year 2020. Expenses of $755K exceeded revenue, resulting in a 10% operating deficit.

Mission

Driven by our Christian faith, HopeCo provides quality holistic care that enables vulnerable children, their families, and communities in East Africa to flourish.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,363,173

Program Service Revenue $9,541

Investment Income $3,364

Other Revenue $1,801

TOTAL REVENUE $2,377,879

Expense Breakdown

Grants Paid $1,293,409

Salaries & Benefits $370,498

Fundraising Expenses $77,738

Program Expenses $1,765,654

Other Expenses $338,019

TOTAL EXPENSES $2,001,926

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,377,879	$1,672,284	+0.4%
Expenses	$2,001,926	$1,747,575	+0.1%
Net Income	$375,953	$-75,291	-6.0%

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

Total Directors

$52,800

Key Employees

$204,725

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Alfred Lackey	Chief Executive Officer	40.00	Key Emp Highest	$96,000	$0	$96,000
Regina Chacha	Director of Programs and Cofounder	40.00	Director Key Emp Highest	$52,800	$0	$52,800
Lisa Wilkerson	Chief Financial Officer	40.00	Key Emp	$55,925	$0	$55,925
Gerard Hopkins	Board Chairman	4.00	Officer Director	$0	$0	$0
Mwita Chacha	Board Member	4.00	Director	$0	$0	$0
Jacob Moyer	Board Member	2.00	Director	$0	$0	$0
Matt Parker	Board Member	2.00	Director	$0	$0	$0
Brian Kirby	Board Member	2.00	Director	$0	$0	$0
Tai Osifade	Board Member	2.00	Director	$0	$0	$0
Saina Osifade	Board Member	2.00	Director	$0	$0	$0
Kristy Goli	Board Member	2.00	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	$2,377,879	$2,001,926	$554,441	$375,953
2023	$1,672,284	$1,747,575	$175,895	$-75,291
2022	$1,266,125	$1,243,737	$239,489	$22,388
2021	$1,202,361	$1,326,352	$219,519	$-123,991
2020	$683,793	$754,837	$346,691	$-71,044

HopeCo