THE HOPE CENTER AT PULLEN 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

2008

Legal Domicile

Principal Officer

MEREDITH YUCKMAN

Phone

9196943133

Tax Period

2024-01-01 to 2024-12-31

THE HOPE CENTER AT PULLEN INC, founded in 2008, is a community nonprofit in the Human Services sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $621K, a strong 35% operating margin.

Mission

THE HOPE CENTER AT PULLEN EMPOWERS EMERGING ADULTS WHO ARE TRANSITIONING OUT OF FOSTER CARE IN WAKE COUNTY WITH THE SUPPORT AND CONNECTIONS NEEDED FOR A SAFE AND STABLE ADULTHOOD.

Program Service Accomplishments

Program 1

Expenses: $987,335

WE BEGIN WORKING WITH FOSTER YOUTH WHEN THEY TURN 13. OUR YOUTH PROGRAMS OFFER TUTORING, MENTORS, INTERNSHIP OPPORTUNITIES AND LIFE SKILLS CLASSSES TO TEENS IN FOSTER CARE. OUR WORK CONTINUES THROUGH OUR TRANSITION PROGRAM WHICH SERVES YOUTH AGES 18-24 (27 IF THEY ARE PARENTING). OUR STAFF USES TRAUMA-INFORMED CARE AND FOLLOWS HOUSING FIRST BEST PRACTICES TO HELP FORMER FOSTER YOUTH ACHIEVE AND MAINTAIN SAFE, STABLE HOUSING WHILE COACHING THEM ON THEIR JOURNEY TO ADULTHOOD. ONCE OUR YOUTH ARE STABLY HOUSED WE ARE ABLE TO HELP THEM ACHIEVE THEIR EDUCATIONAL AND EMPLOYMENT GOALS.

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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 $1,704,124

Program Service Revenue $0

Investment Income $12,678

Other Revenue $76,245

TOTAL REVENUE $1,793,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $694,096

Fundraising Expenses $65,312

Program Expenses $987,335

Other Expenses $478,390

TOTAL EXPENSES $1,172,486

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,793,047	$1,219,820	+0.5%
Expenses	$1,172,486	$1,163,619	+0.0%
Net Income	$620,561	$56,201	+10.0%

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

$99,309

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBYN KING	DIRECTOR	1.00	Director	$0	$0	$0
Y CANAAN HUIE	DIRECTOR	1.00	Director	$0	$0	$0
KATIE TEST DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
WARREN LUDWIG PHD	DIRECTOR	1.00	Director	$0	$0	$0
ASIF SAMAD	CHAIR	1.00	Officer Director	$0	$0	$0
CATHY TAMSBERG	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPHINE RUTLEDGE	DIRECTOR	1.00	Director	$0	$0	$0
VIRGINIA MCILWAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
STEPHANIE BOWENS	DIRECTOR	1.00	Director	$0	$0	$0
TAIRRA PERKINS	DIRECTOR	1.00	Director	$0	$0	$0
REGINA Y PETTEWAY	VICE-CHAIR	1.00	Officer Director	$0	$0	$0
NATHAN POWERS	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH YUCKMAN	EXECUTIVE DIRECTOR	40.00	Officer	$90,063	$9,246	$99,309

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	No data	No data	No data	No data
2024	$1,793,047	$1,172,486	$1,871,137	$620,561
2023	$1,219,820	$1,163,619	$1,301,656	$56,201
2022	$1,102,933	$1,022,251	$1,309,853	$80,682
2021	$856,792	$740,394	$1,018,272	$116,398
2020	$671,521	$532,294	$899,018	$139,227
2019	$579,782	$504,902	$759,361	$74,880
2018	$591,564	$436,007	$693,823	$155,557