HOPE WORKS INC (EIN 621743371) - 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

1998

Legal Domicile

Principal Officer

RON WADE

Phone

9012723700

Tax Period

2024-07-01 to 2025-06-30

HOPE WORKS INC, founded in 1998, is a community nonprofit in the Employment sector that reported $5.9M in total revenue in fiscal year 2024. Expenses of $5.0M left a modest 15% surplus.

Mission

SERVING UNDER-RESOURCED INDIVIDUALS THROUGH EDUCATION, JOB TRAINING, AND HOLISTIC SUPPORT.

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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 $5,679,697

Program Service Revenue $16,025

Investment Income $94,070

Other Revenue $63,528

TOTAL REVENUE $5,853,320

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,732,746

Fundraising Expenses $80,163

Program Expenses $4,302,296

Other Expenses $1,256,455

TOTAL EXPENSES $4,989,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,853,320	$5,816,704	+0.0%
Expenses	$4,989,201	$5,315,108	-0.1%
Net Income	$864,119	$501,596	+0.7%

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

236

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

$139,615

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RON WADE	EXECUTIVE DIRECTOR	40.00	Officer	$139,615	$0	$139,615
BRETT CURTIS	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
BRENDA GARNER	BOARD SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL MAXWELL	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT BECKETT	DIRECTOR	2.00	Director	$0	$0	$0
BEVERLY LATIMORE	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK PARSON	DIRECTOR	2.00	Director	$0	$0	$0
EDWARD WILDRICK	DIRECTOR	2.00	Director	$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
2025	$5,853,320	$4,989,201	$7,267,730	$864,119
2024	$5,816,704	$5,314,983	$6,177,632	$501,721
2023	$5,051,250	$4,497,996	$5,442,046	$553,254
2022	$4,530,631	$3,944,500	$4,848,945	$586,131
2021	$5,460,251	$3,646,436	$4,696,031	$1,813,815
2020	$3,591,516	$3,652,063	$2,959,460	$-60,547
2019	$3,422,889	$3,107,408	$2,358,924	$315,481

HOPE WORKS INC