HOPE FOR THE WORLD INC

EIN: 593108991 501(c)(3)

Orange Park, FL

Total Revenue
$525,870
Total Expenses
$490,765
Total Assets
$65,817
Net Assets
$65,817
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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
1991
Legal Domicile
FL
Principal Officer
Michael Franks
Phone
9042648040
Tax Period
2023-01-01 to 2023-12-31

HOPE FOR THE WORLD INC, founded in 1991, is a small nonprofit that reported $526K in total revenue in fiscal year 2023. Expenses of $491K left a modest 7% surplus.

Mission

Provide humanitarian aid to residents of foreign countries

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $525,870
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $525,870

Expense Breakdown

Grants Paid $440,760
Salaries & Benefits $40,000
Fundraising Expenses $0
Program Expenses $440,760
Other Expenses $10,005
TOTAL EXPENSES $490,765

Year-over-Year Comparison

2023 2022 Change
Revenue $525,870 $498,335 +0.1%
Expenses $490,765 $528,136 -0.1%
Net Income $35,105 $-29,801 -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

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Governance

Voting Members
4
Independent Members
N/A
Employees
N/A
Volunteers
12

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
4
$40,000
Total Directors
3
$40,000
Key Employees
3
$40,000
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mike Franks Administrator 40
Officer Director Key Emp Highest
$40,000 $0 $40,000
Jimmy Franks President 15
Officer Director Key Emp
$0 $0 $0
Roger Mullins Director 10
Officer Director Key Emp
$0 $0 $0
Riley Shelton Director 0
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 $525,870 $490,765 $65,817 $35,105
2022 $498,335 $528,136 $30,712 $-29,801
2021 $343,392 $313,894 $37,413 $29,498
2020 $344,417 $367,196 $7,915 $-22,779
2019 $423,907 $442,713 $30,694 $-18,806
2018 $419,529 $399,374 $49,500 $20,155
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