HOPE HOMES AND FRIENDS INC (EIN 611382633) - 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

2002

Legal Domicile

Principal Officer

ANNA HOWELL

Phone

6062853833

Tax Period

2024-01-01 to 2024-12-31

HOPE HOMES AND FRIENDS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $129K in total revenue in fiscal year 2024. Expenses of $143K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE SAFE, DECENT, AFFORDABLE HOUSING TO THE ELDERLY IN THE FLOYD COUNTY, KENTUCKY AREA.

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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 $89,616

Program Service Revenue $38,800

Investment Income $283

Other Revenue $0

TOTAL REVENUE $128,699

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,544

Fundraising Expenses $0

Program Expenses $128,430

Other Expenses $124,859

TOTAL EXPENSES $143,403

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,699	$125,106	+0.0%
Expenses	$143,403	$136,020	+0.1%
Net Income	$-14,704	$-10,914	+0.3%

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

N/A

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
DONNA COMBS	DIRECTOR	N/A	Director	$0	$0	$0
WES GEARHEART	DIRECTOR	N/A	Director	$0	$0	$0
CHALMER HOWARD	PRESIDENT	N/A	Officer Director	$0	$0	$0
JOHNNY MAYO	DIRECTOR	N/A	Director	$0	$0	$0
JULIE PAXTON	DIRECTOR	N/A	Director	$0	$0	$0
BARBARA SHEPHERD	DIRECTOR	N/A	Director	$0	$0	$0
ANNA HOWELL	EXEC. DIRECT	N/A	Officer	$0	$0	$0
DOROTHY NEWSOME	SECRETARY	N/A	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	$128,699	$143,403	$796,470	$-14,704
2023	$125,106	$136,020	$808,413	$-10,914
2022	$136,395	$143,794	$843,125	$-7,399
2021	$117,567	$139,760	$832,227	$-22,193
2020	$122,139	$148,395	$843,446	$-26,256
2019	$124,026	$126,027	$862,125	$-2,001
2018	$130,701	$137,060	$863,468	$-6,359

HOPE HOMES AND FRIENDS INC