PROMISE OF HOPE INC (EIN 582435696) - 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

1999

Legal Domicile

Principal Officer

JESSICA DOBBINS

Phone

4786764673

Tax Period

2023-01-01 to 2023-12-31

PROMISE OF HOPE INC, founded in 1999, is a small nonprofit in the Religion sector that reported $641K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $721K exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE GUIDANCE AND ASSISTANCE TO MEN AND WOMEN SUFFERING FROM CHEMICAL DEPENDENCY. WE COVER SUCH NEEDS AS SHELTER, EDUCATION, CLOTHING, LIVING SKILLS AND FOOD.

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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 (2023)

Revenue Breakdown

Contributions & Grants $232,552

Program Service Revenue $407,421

Investment Income $680

Other Revenue $0

TOTAL REVENUE $640,653

Expense Breakdown

Grants Paid $0

Salaries & Benefits $332,782

Fundraising Expenses $22,070

Program Expenses $669,389

Other Expenses $387,996

TOTAL EXPENSES $720,778

Year-over-Year Comparison

	2023	2022	Change
Revenue	$640,653	$683,947	-0.1%
Expenses	$720,778	$666,045	+0.1%
Net Income	$-80,125	$17,902	-5.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BELINDA ALLEN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALICIA BALLARD	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHTON BRANTLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
TRAVIS CRAFT	BOARD MEMBER	1.00	Director	$0	$0	$0
CARRIE DIXON	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCES GORNTO	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM HALL	BOARD MEMBER	1.00	Director	$0	$0	$0
TRUMAN HESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY JACKSON	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET MAIR	BOARD MEMBER	1.00	Director	$0	$0	$0
MONTY SHUMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH SOLES	BOARD MEMBER	1.00	Director	$0	$0	$0
BROOKE USRY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHY WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
JESSICA DOBBINS	PRESIDENT/CE	40.00	Officer	$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	No data	No data	No data	No data
2023	$640,653	$720,778	$792,162	$-80,125
2022	$683,947	$666,045	$852,782	$17,902
2021	$681,141	$649,665	$870,225	$31,476
2020	$637,917	$568,867	$832,727	$69,050
2019	$620,813	$656,180	$775,496	$-35,367
2018	$559,636	$580,034	$787,015	$-20,398

PROMISE OF HOPE INC