HOPE ENTERPRISE CORPORATION

EIN: 640851798 501(c)(3) Community Improvement

JACKSON, MS

Total Revenue
$18,999,928
Total Expenses
$25,123,190
Total Assets
$122,583,166
Net Assets
$46,965,734
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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
1993
Legal Domicile
MS
Principal Officer
WILLIAM BYNUM
Phone
6019441100
Tax Period
2023-01-01 to 2023-12-31

HOPE ENTERPRISE CORPORATION, founded in 1993, is a mid-sized nonprofit in the Community Improvement sector that reported $19.0M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $25.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

STRENGTHEN FINANCIAL HEALTH & WEALTH OF PEOPLE IN UNDER-RESOURCED DEEP SOUTH COMMUNITIES

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $14,660,408
Program Service Revenue $4,322,212
Investment Income $16,884
Other Revenue $424
TOTAL REVENUE $18,999,928

Expense Breakdown

Grants Paid $1,928,210
Salaries & Benefits $5,208,296
Fundraising Expenses $473,904
Program Expenses $18,067,582
Other Expenses $17,986,684
TOTAL EXPENSES $25,123,190

Year-over-Year Comparison

2023 2022 Change
Revenue $18,999,928 $16,452,878 +0.2%
Expenses $25,123,190 $13,825,024 +0.8%
Net Income $-6,123,262 $2,627,854 -3.3%
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

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Governance

Voting Members
20
Independent Members
20
Employees
58
Volunteers
20

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
9
$1,069,427
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT GIBBS CHAIR 0.04
Officer Director
$0 $0 $0
IVYE ALLEN SECRETARY 0.04
Officer Director
$0 $0 $0
CLAIBORNE BARKSDALE DIRECTOR 0.04
Director
$0 $0 $0
ANN MARIE BURGOYNE DIRECTOR 0.04
Director
$0 $0 $0
MAURICIO CALVO DIRECTOR 0.27
Director
$0 $0 $0
SUSANNAH CARRIER DIRECTOR 0.04
Director
$0 $0 $0
RONNIE CRUDUP DIRECTOR 0.04
Director
$0 $0 $0
REBECCA DIXON DIRECTOR 0.17
Director
$0 $0 $0
HERSCHELL HAMILTON DIRECTOR 0.04
Director
$0 $0 $0
CAROLYN JEFFERSON DIRECTOR 0.04
Director
$0 $0 $0
MAURICE JONES DIRECTOR 0.04
Director
$0 $0 $0
DAN LETENDRE DIRECTOR 0.04
Director
$0 $0 $0
BLANCHE LINCOLN DIRECTOR 0.04
Director
$0 $0 $0
FELECIA LUCKY DIRECTOR 0.17
Director
$0 $0 $0
FRED MILLER DIRECTOR 0.04
Director
$0 $0 $0
JUDY REESE MORSE DIRECTOR 0.17
Director
$0 $0 $0
MARTHA MURPHY DIRECTOR 0.04
Director
$0 $0 $0
JEFFREY NOLAN DIRECTOR 0.04
Director
$0 $0 $0
BILLY PERCY DIRECTOR 0.04
Director
$0 $0 $0
ALEX WISE DIRECTOR 0.04
Director
$0 $0 $0
WILLIAM BYNUM PRESIDENT/CEO 27.54
Officer
$582,826 $58,174 $642,221
ALAN BRANSON EVP/CFO/TREASURER/ASST SECRETARY 15.05
Officer
$87,107 $11,200 $98,307
EDWARD D SIVAK JR EVP/CHIEF POLICY & COMM. OFFICER 42.91
Officer
$164,822 $25,686 $190,508
KIMBERLA LITTLE EVP/CHIEF HUMAN ASSETS OFFICER 20.04
Officer
$88,526 $8,155 $96,681
PEARL WICKS EVP/CHIEF OPERATING OFFICER 2.01
Officer
$10,730 $1,232 $11,962
CASSANDRA WILLIAMS EVP/CHIEF PROGRAM OFFICER 4.75
Officer
$21,033 $3,186 $24,219
JONATHAN MULKIN CHIEF MORTGAGE OFFICER 12.00
Officer
$5,529 $0 $5,529
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 No data No data No data No data
2023 $18,999,928 $25,123,190 $122,583,166 $-6,123,262
2022 $16,452,878 $13,825,024 $124,090,537 $2,627,854
2021 $24,959,106 $24,114,643 $150,349,143 $844,463
2020 $43,437,438 $16,533,531 $166,071,920 $26,903,907
2019 $16,044,629 $15,819,308 $55,074,450 $225,321
2018 $16,174,799 $15,581,206 $61,030,857 $593,593
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