PROMISE OF HOPE MINISTRIES D/B/A HOMEPLACE MINISTRIES (EIN 710861458) - 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

2001

Legal Domicile

Principal Officer

CHARLES E MCALISTER

Phone

5016275179

Tax Period

2023-01-01 to 2023-12-31

PROMISE OF HOPE MINISTRIES D/B/A HOMEPLACE MINISTRIES, founded in 2001, is a small nonprofit in the Religion sector that reported $158K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $235K exceeded revenue, resulting in a 49% operating deficit.

Mission

TO PROMOTE EVANGELISM AND MISSIONS UNDER THE LORDSHIP OF JESUS CHRIST AND TO PROMOTE CHRISTIAN FELLOWSHIP AND BROTHERLY LOVE THROUGH THE TEACHING, PREACHING AND TESTIMONY OF THE WORD OF GOD.

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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 $150,011

Program Service Revenue $0

Investment Income $7,489

Other Revenue $0

TOTAL REVENUE $157,500

Expense Breakdown

Grants Paid $0

Salaries & Benefits $43,472

Fundraising Expenses $2,602

Program Expenses $162,405

Other Expenses $191,387

TOTAL EXPENSES $234,859

Year-over-Year Comparison

	2023	2022	Change
Revenue	$157,500	$120,616	+0.3%
Expenses	$234,859	$205,426	+0.1%
Net Income	$-77,359	$-84,810	-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

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

$32,175

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES E MCALISTER	PRESIDENT	40.00	Officer Director	$0	$0	$0
JANICE H MCALISTER	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
G R RUSH	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA F KIMBLE	SECRETARY	5.00	Officer Director	$0	$0	$0
PAULA STRATTON	DIRECTOR	1.00	Director	$0	$0	$0
JORDAN S RUSH	TREASURER	15.00	Officer Director	$0	$0	$0
JEFFERY A MCALISTER	DIRECTOR	40.00	Director	$32,175	$0	$32,175

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$157,500	$234,859	$1,139,087	$-77,359
2022	$120,616	$205,426	$609,387	$-84,810
2022	$120,616	$205,426	$609,387	$-84,810
2021	$122,229	$182,860	$632,009	$-60,631
2020	$170,971	$119,600	$706,742	$51,371
2019	$193,546	$141,020	$672,562	$52,526
2018	$593,895	$91,482	$560,366	$502,413

PROMISE OF HOPE MINISTRIES D/B/A HOMEPLACE MINISTRIES