HOPE FOR THE INNER CITY INC (EIN 621659831) - 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

1996

Legal Domicile

Principal Officer

ANTHONY WATKINS

Phone

4236984733

Tax Period

2023-02-01 to 2024-01-31

HOPE FOR THE INNER CITY INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $525K in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $647K exceeded revenue, resulting in a 23% operating deficit.

Mission

HOPE FOR THE INNER CITY IS A CHRISTIAN ORGANIZATION WHICH PARTNERS WITH LOCAL CHURCHES AND OTHER LIKE-MINDED ORGANIZATIONS TO BRING HOPE AND COMMUNITY DEVELOPMENT TO TARGETED COMMUNITIES BY OFFERING CHRIST-CENTERED PROGRAMS AND SERVICES TO MEET THE PHYSICAL AND SPIRITUAL NEEDS OF THE COMMUNITY.

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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 $502,307

Program Service Revenue $14,574

Investment Income $17

Other Revenue $8,156

TOTAL REVENUE $525,054

Expense Breakdown

Grants Paid $15,740

Salaries & Benefits $363,306

Fundraising Expenses $18,148

Program Expenses $534,361

Other Expenses $267,705

TOTAL EXPENSES $646,751

Year-over-Year Comparison

	2023	2022	Change
Revenue	$525,054	$726,328	-0.3%
Expenses	$646,751	$608,624	+0.1%
Net Income	$-121,697	$117,704	-2.0%

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

743

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

$69,958

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES ADAMSON	BOARD MEMBER	0.50	Director	$0	$0	$0
BEVERLY JERMAN	BOARD MEMBER	0.50	Director	$0	$0	$0
DAVID C HOFFECKER	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTHEW JEFFREY	BOARD MEMBER	0.50	Director	$0	$0	$0
JEREMY MASON	BOARD MEMBER	0.50	Director	$0	$0	$0
DR CANDIE RICHARDSON	BOARD MEMBER	0.50	Director	$0	$0	$0
DR JOYCE HARDWAY	SECRETARY	0.50	Officer Director	$0	$0	$0
JAMES FIELDS	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
ANTHONY WATKINS	EXECUTIVE DIRECTOR	40.00	Officer	$69,958	$0	$69,958

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	$525,054	$646,751	$361,824	$-121,697
2023	$726,328	$620,857	$497,561	$105,471
2022	$734,611	$593,026	$398,681	$141,585
2021	$770,548	$606,483	$302,323	$164,065
2020	$725,012	$756,991	$225,876	$-31,979
2019	$803,062	$887,421	$205,179	$-84,359
2019	$803,062	$874,496	$205,179	$-71,434

HOPE FOR THE INNER CITY INC