HOPE SOUTH FLORIDA INC (EIN 650670031) - 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

JOSEPH D KENNER

Phone

9545662311

Tax Period

2024-01-01 to 2024-12-31

HOPE SOUTH FLORIDA INC, founded in 1996, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.

Mission

HOPE SOUTH FLORIDA PLACED 70 FAMILIES - OR APPROXIMATELY 210 PEOPLE - IN HOMES IN 2024. THIS WAS A 40% INCREASE OVER THE PRIOR YEAR. ADDITIONALLY, MORE THAN 53,000 MEALS WERE SERVED AND 1,000 SHOWERS WERE PROVIDED OVER THE SAME PERIOD.

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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 $1,355,367

Program Service Revenue $2,135,330

Investment Income $4,509

Other Revenue $25,233

TOTAL REVENUE $3,520,439

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,443,720

Fundraising Expenses $38,140

Program Expenses $2,984,554

Other Expenses $2,265,848

TOTAL EXPENSES $3,709,568

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,520,439	$3,766,754	-0.1%
Expenses	$3,709,568	$3,367,413	+0.1%
Net Income	$-189,129	$399,341	-1.5%

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

952

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
KEN MCKENZIE	EXECUTIVE CH	1.00	Officer Director	$0	$0	$0
MADISON S GULLEY	VICE CHAIRMA	1.00	Officer Director	$0	$0	$0
SHAWN WILSON	TREASURER	1.00	Officer Director	$0	$0	$0
TORRENCE R PHILLIPS ESQ	SECRETARY	1.00	Officer Director	$0	$0	$0
DR FRED SCARBROUGH	FOUNDER&CHAI	1.00	Director	$0	$0	$0
STEPHAN TCHIVIDJIAN	DIRECTOR	1.00	Director	$0	$0	$0
TOM SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
JEANE HAH GARNETT	DIRECTOR	1.00	Director	$0	$0	$0
DENISE TRIO	DIRECTOR	1.00	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
2024	$3,520,439	$3,709,568	$1,499,943	$-189,129
2023	$3,766,754	$3,367,413	$1,855,420	$399,341
2022	$3,774,957	$4,354,926	$1,525,651	$-579,969
2021	$4,346,799	$4,308,295	$1,542,501	$38,504
2020	$7,133,898	$6,757,518	$1,684,989	$376,380
2019	$3,575,996	$3,717,158	$1,424,367	$-141,162
2018	$2,756,098	$3,026,941	$1,506,765	$-270,843

HOPE SOUTH FLORIDA INC