FAMILY CENTER OF HOPE

EIN: 721221760 501(c)(3) Human Services

New Orleans, LA

Total Revenue
$564,918
Total Expenses
$804,241
Total Assets
$1,756,794
Net Assets
$190,991
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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
1988
Legal Domicile
LA
Principal Officer
Rev Patricia Watson
Phone
5048913264
Tax Period
2024-01-01 to 2024-12-31

FAMILY CENTER OF HOPE, founded in 1988, is a small nonprofit in the Human Services sector that reported $565K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $804K exceeded revenue, resulting in a 42% operating deficit.

Mission

To assist children and adults in low-income areas with new and innovative forms of education, literacy and training.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $564,918
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $564,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $513,439
Fundraising Expenses $0
Program Expenses $543,588
Other Expenses $290,802
TOTAL EXPENSES $804,241

Year-over-Year Comparison

2024 2023 Change
Revenue $564,918 $635,073 -0.1%
Expenses $804,241 $643,158 +0.3%
Net Income $-239,323 $-8,085 +28.6%
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

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Governance

Voting Members
7
Independent Members
7
Employees
9
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
6
$0
Total Directors
1
$134,264
Key Employees
1
$134,264
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rev Patricia Watson Executive Director 40
Director Key Emp Highest
$134,264 $0 $134,264
Margaret Richard President 2
Officer
$0 $0 $0
Andrea Jones Secretary 1
Officer
$0 $0 $0
Rev George Chaney Member 0.3
Officer
$0 $0 $0
Lynelle Jones Treasurer 3
Officer
$0 $0 $0
William Brown Member 1
Officer
$0 $0 $0
Gail Thomas Member 1
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 $564,918 $804,241 $1,756,794 $-239,323
2023 $635,073 $643,158 $3,318,207 $-8,085
2022 $568,562 $663,903 $3,393,720 $-95,341
2021 $361,556 $424,552 $3,443,952 $-62,996
2020 $356,029 $332,409 $3,460,643 $23,620
2019 $71,736 $56,675 $3,431,482 $15,061
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