NEW HOPE FAMILY SERVICES

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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

1999

Legal Domicile

Principal Officer

DAVID MIDURA

Phone

2093202309

Tax Period

2023-10-01 to 2024-09-30

NEW HOPE FAMILY SERVICES, founded in 1999, is a micro nonprofit in the Housing & Shelter sector that reported $8K in total revenue in fiscal year 2023. Expenses of $45K exceeded revenue, resulting in a 481% operating deficit.

Mission

THE PRIMARY MISSION OF THE ORGANIZATION IS TO CONTINUE MAINTAINING THE LEASE OF ITS FACILITIES TO THE NEW HOPE FAMILY SERVICES PROGRAM MANAGER AND OPERATOR, GOSPEL CENTER RESCUE MISSION, INC.

Program Service Accomplishments

Program 1

Expenses: $44,658

THE FAMILY SHELTER PROGRAM MAINTAINED ON LEASED FACILTIES PROVIDED APPROXIMATELY 35,900 NIGHTS OF THE EMERGENCY AND PROGRAM HOUSING FOR WOMEN, INCLUDING THOSE WITH CHILDREN, AS WELL AS OTHER...

THE FAMILY SHELTER PROGRAM MAINTAINED ON LEASED FACILTIES PROVIDED APPROXIMATELY 35,900 NIGHTS OF THE EMERGENCY AND PROGRAM HOUSING FOR WOMEN, INCLUDING THOSE WITH CHILDREN, AS WELL AS OTHER INDIVDUALS PARTICIPATING IN THE SHELTER RECUPERATIVE CARE PROGRAM, WHO HAD FOUND THEMSELVES HOMELESS DUE TO CIRCUMSTANCES BEYOND THEIR CONTROL.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $7,684

TOTAL REVENUE $7,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $44,658

Other Expenses $44,658

TOTAL EXPENSES $44,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,684	$7,685	0.0%
Expenses	$44,658	$44,841	0.0%
Net Income	$-36,974	$-37,156	0.0%

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

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

$332,708

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JON HATHORN	PRESIDENT	0.50	Officer Director	$0	$0	$0
BILL STOERMER	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
LYNETTE MARSTON	SECRETARY	0.50	Officer Director	$0	$0	$0
JANET L WATTS	TREASURER	0.50	Officer Director	$0	$0	$0
TOM CAMPER	DIRECTOR	0.50	Director	$0	$0	$0
SHARON BENNINGER	DIRECTOR	0.50	Director	$0	$0	$0
KAREN DENISE DOUGLAS	DIRECTOR	0.50	Director	$0	$0	$0
GARY DANIEL	DIRECTOR	0.50	Director	$0	$0	$0
PAM REGAN	DIRECTOR	0.50	Director	$0	$0	$0
LINDSEY RANDOLPH	DIRECTOR	0.50	Director	$0	$0	$0
DAN VAN GRONINGEN	DIRECTOR	0.50	Director	$0	$0	$0
REV BRADLEY C STAHL	DIRECTOR	0.50	Director	$0	$0	$0
PAUL KOZLOW	GENERAL ALTERNATE	0.50	Director	$0	$0	$0
DAVID MIDURA	CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$0	$174,819
BRITTON KIMBALL	CHIEF OPERATING OFFICER	1.00	Officer	$0	$0	$83,337
CHRISTINE BYGUM	CHIEF FINANCIAL OFFICER (THRU 11/23)	1.00	Officer	$0	$0	$74,552

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	$7,684	$44,658	$1,035,541	$-36,974
2023	$7,685	$44,841	$1,080,199	$-37,156
2022	$7,685	$44,841	$1,125,040	$-37,156
2021	$7,685	$44,841	$1,169,881	$-37,156