HOPE ENTERPRISE CORPORATION

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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

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

TO STRENGTHEN THE FINANCIAL HEALTH AND WEALTH OF PEOPLE IN UNDER-RESOURCED DEEP SOUTH COMMUNITIES.

Program Service Accomplishments

Program 1

Expenses: $10,615,929 Revenue: $1,523,685

DEVELOPMENT FINANCE SPECIALIZES IN LOANS TO SMALL TO MEDIUM SIZED MANUFACTURING AND SERVICE BUSINESSES.

Program 2

Expenses: $6,158,952 Revenue: $2,761,270

REGIONAL DEVELOPMENT OF SYSTEMS AND ORGANIZATIONS TO IMPROVE HOUSING, COMMUNICATIONS, WORKFORCE TRAINING, GENERAL BUSINESS DEVELOPMENT AND ACCESS TO CAPITAL.

Program 3

Expenses: $708,728

TECHNICAL ASSISTANCE TO SMALL AND MEDIUM SIZED MANUFACTURING AND SERVICE BUSINESSES IN THE AREA OF MANAGEMENT CONSULTING AND IN THE AREAS OF IMPROVEMENTS OF PROCESSES AND SYSTEMS.

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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 $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

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

$1,069,427

Total Directors

Key Employees

Highest Compensated

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