SOURCE OF LIGHT & HOPE DEVELOPMENT CENTER INC (EIN 650013240) - 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

Legal Domicile

Principal Officer

ROY KENNIX

Phone

2393343739

Tax Period

2023-01-01 to 2023-12-31

SOURCE OF LIGHT & HOPE DEVELOPMENT CENTER INC is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 42% from the prior year, signaling strong growth momentum.

Mission

TO PROMOTE THE WELLFARE OF DISADVANTAGED INDIVIDUALS AND TO PROVIDE ELIGIBLE INDIVIDUALS WITH FACILITIES, GOODS, AND SERVICES TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS.

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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 $987,747

Program Service Revenue $0

Investment Income $0

Other Revenue $44,687

TOTAL REVENUE $1,032,434

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $914,041

Other Expenses $1,069,198

TOTAL EXPENSES $1,069,198

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,032,434	$724,908	+0.4%
Expenses	$1,069,198	$764,551	+0.4%
Net Income	$-36,764	$-39,643	-0.1%

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

N/A

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ESTELLE COOK	BOARD MEMBER	N/A	Director	$0	$0	$0
TANISHA ELIZAIRE	BOARD MEMBER	N/A	Director	$0	$0	$0
JAMES GREEN	BOARD MEMBER	N/A	Director	$0	$0	$0
MICHELLE MCCARTER	SECRETARY	N/A	Director	$0	$0	$0
HOWARD A SAPP	PRESIDENT	N/A	Director	$0	$0	$0
RHODA A SAPP	EXECUTIVE DI	N/A	Director	$0	$0	$0
YVETTE SCURRY	VICTIM ADVOC	N/A	Director	$0	$0	$0
TERESA FURLOW	BOARD MEMBER	N/A	Officer	$0	$0	$0
ROY KENNIX	VICE-PRESIDE	N/A	Officer	$0	$0	$0
TRACEY POWELL	TREASURER	N/A	Officer	$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
2024	No data	No data	No data	No data
2023	$1,032,434	$1,069,198	$311,828	$-36,764
2022	$724,908	$764,551	$356,108	$-39,643
2021	$982,398	$774,228	$384,575	$208,170
2020	$647,637	$804,846	$348,260	$-157,209

SOURCE OF LIGHT & HOPE DEVELOPMENT CENTER INC