SHELTER OF HOPE INC

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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

1988

Legal Domicile

Principal Officer

CHRISTOPHER FRALEY

Phone

6063246700

Tax Period

2022-01-01 to 2022-12-31

SHELTER OF HOPE INC, founded in 1988, is a small nonprofit in the Housing & Shelter sector that reported $653K in total revenue in fiscal year 2022. Expenses of $782K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE SHELTER OF HOPE'S MISSION IS TO PROVIDE TEMPORARY, EMERGENCY SHELTER AND PERMANENT HOUSING ASSISTANCE FOR INDIVIDUALS AND FAMILIES IN NEED OF TRANSITIONAL SERVICES LEADING THEM TO SELF-SUFFICIENCY. PROVISIONS ARE MADE WITHOUT DISCRIMINATION BECAUSE OF AGE, RACE, COLOR, CREED, RELIGION, SEX, HANDICAP, NATIONAL ORIGIN, FAMILY STATUS, MARITAL STATUS, SEXUAL ORIENTATION, OR GENDER IDENTITY. THE SHELTER OF HOPE SERVES BOYD, CARTER, GREENUP, ELLIOTT, AND LAWRENCE COUNTIES IN KENTUCKY.

Program Service Accomplishments

Program 1

Expenses: $781,861

THE SHELTER OF HOPE PROVIDES THE FOLLOWING SERVICES FOR INDIVIDUALS, FAMILIES AND VETERANS WHO ARE HOMELESS OR AT RISK OF BEING HOMELESS: SHORT-TERM TEMPORARY EMERGENCY HOUSING (10 FULLY FURNISHED...

THE SHELTER OF HOPE PROVIDES THE FOLLOWING SERVICES FOR INDIVIDUALS, FAMILIES AND VETERANS WHO ARE HOMELESS OR AT RISK OF BEING HOMELESS: SHORT-TERM TEMPORARY EMERGENCY HOUSING (10 FULLY FURNISHED APARTMENTS) RESIDENTS RECEIVE ASSISTANCE FROM AN IN-HOUSE PANTRY, HOUSEHOLD FURNISHINGS, PERSONAL HYGIENE ITEMS & CLEANING SUPPLIES TBRA (TENANT BASED RENTAL ASSISTANCE) SUPPLEMENTS AN INDIVIDUAL'S RENT (UP TO A MAXIMUM OF TWO YEARS) UNTIL THEIR SECTION 8 (HUD) VOUCHERS ARE APPROVED RAPID RE-HOUSING - ASSISTS DEFINED HOMELESS INDIVIDUALS AND FAMILIES TO LOCATE HOUSING AND DEPOSIT ASSISTANCE, IF NEEDED PREVENTION PROGRAM - ASSISTS AT-RISK INDIVIDUALS WITH CASEWORK, HOUSING REFERRALS AND OTHER FINANCIAL ASSISTANCE AS NEEDED COLLABORATION/REFERRALS WITH OTHER SOCIAL AGENCIES

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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 $649,278

Program Service Revenue $0

Investment Income $4,203

Other Revenue $0

TOTAL REVENUE $653,481

Expense Breakdown

Grants Paid $353,116

Salaries & Benefits $239,293

Fundraising Expenses $0

Program Expenses $781,861

Other Expenses $189,452

TOTAL EXPENSES $781,861

Year-over-Year Comparison

	2022	2021	Change
Revenue	$653,481	N/A	N/A
Expenses	$781,861	N/A	N/A
Net Income	$-128,380	N/A	N/A

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
JACKIE BOGGS	BOARD MEMBER	5.00	Director	$0	$0	$0
SONNY CARPENTER	BOARD MEMBER	5.00	Director	$0	$0	$0
MACKEY GASKIN	BOARD MEMBER	5.00	Director	$0	$0	$0
HEATHER SHELTON	BOARD MEMBER	5.00	Director	$0	$0	$0
RUTHANNE DELONG	TREASURER	5.00	Officer	$0	$0	$0
BRYNN FITZPATRICK	VICE - CHAIR	10.00	Officer	$0	$0	$0
TONI MULLINS	SECRETARY	2.00	Officer	$0	$0	$0
ANITA VANDERPOOL	CHAIR	10.00	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
2022	$653,481	$781,861	$95,662	$-128,380
2021	$727,249	$698,398	$219,719	$28,851
2020	$392,520	$379,646	$181,390	$12,874
2019	$349,371	$335,410	$145,863	$13,961
2018	$325,217	$334,737	$130,525	$-9,520