HOPE HOUSE INC (EIN 582074040) - 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

1986

Legal Domicile

Principal Officer

KAREN SALTZMAN

Phone

7067375719

Tax Period

2024-07-01 to 2025-06-30

HOPE HOUSE INC, founded in 1986, is a community nonprofit in the Mental Health sector that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $986K, a strong 25% operating margin.

Mission

TO INSTILL SELF-SUFFICIENCY IN INDIVIDUALS AND FAMILIES THROUGH COMPREHENSIVE TREATMENT TO END THE CYCLE OF SUBSTANCE MISUSE, UNTREATED MENTAL ILLNESS, AND POVERTY. THE ORGANIZATION STRIVES TO EMPOWER INDIVIDUALS THROUGH PREVENTION EDUCATION, CLINICAL TREATMENT AND RECOVERY SUPPORTS TO CREATE SUSTAINABLE CHANGE. HOPE HOUSE'S ULTIMATE GOAL IS TO HELP INDIVIDUALS AND FAMILIES BECOME SELF-SUFFICIENT AS CONTRIBUTING MEMBERS OF SOCIETY.

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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 $3,669,664

Program Service Revenue $0

Investment Income $0

Other Revenue $239,351

TOTAL REVENUE $3,909,015

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,303,070

Fundraising Expenses $0

Program Expenses $2,422,540

Other Expenses $620,029

TOTAL EXPENSES $2,923,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,909,015	$3,355,229	+0.2%
Expenses	$2,923,099	$3,176,379	-0.1%
Net Income	$985,916	$178,850	+4.5%

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

$196,484

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR MARLO VERNON	CHAIR	1.00	Officer Director	$0	$0	$0
ANNIE MORGAN	MEMBER	1.00	Director	$0	$0	$0
JULIE MILLER	MEMBER	1.00	Director	$0	$0	$0
DAVID SHAVER CPA	MEMBER	1.00	Director	$0	$0	$0
TEKA DOWNER	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
KELLY THORPE	MEMBER	1.00	Director	$0	$0	$0
KIMBERLEY RODGERS	MEMBER	1.00	Director	$0	$0	$0
KAREN SALTZMAN	CEO	40.00	Officer	$119,234	$0	$119,234
KATIE MCLEMORE	CFO	40.00	Officer	$77,250	$0	$77,250

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
2025	$3,909,015	$2,923,099	$1,775,733	$985,916
2024	$3,355,229	$3,176,379	$779,445	$178,850
2023	$2,845,348	$2,774,591	$612,061	$70,757
2022	$2,747,459	$2,851,276	$525,117	$-103,817
2021	$3,577,804	$3,598,974	$546,644	$-21,170
2020	$3,150,355	$3,277,322	$1,094,570	$-126,967
2019	$2,569,689	$2,437,768	$819,135	$131,921
2018	$1,886,141	$1,787,342	$1,019,166	$98,799

HOPE HOUSE INC