HOPE FOUNDATION FOR ASPIRING YOUTH

EIN: 731590025 501(c)(3) Recreation & Sports

Norman, OK

Total Revenue
$970,376
Total Expenses
$781,568
Total Assets
$2,004,037
Net Assets
$1,985,492
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
OK
Principal Officer
ALLYSON RENEAU
Phone
4056320800
Tax Period
2024-01-01 to 2024-12-31

HOPE FOUNDATION FOR ASPIRING YOUTH, founded in 2000, is a small nonprofit in the Recreation & Sports sector that reported $970K in total revenue in fiscal year 2024. The organization ran a surplus of $189K, a strong 19% operating margin.

Mission

THE ORGANIZATION OFFERS A NUMBER OF PROGRAMS THAT BENEFIT THE COMMUNITY, STATE, NATION AND WORLD, INCLUDING A GYMNASTICS PROGRAM. SCHOLARSHIPS ARE AVAILABLE TO THOSE WHO NEED ASSISTANCE WITH THE COST OF THEIR ACADEMIC, ATHLETIC, OR ARTISTIC ENDEAVORS.

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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 $68,393
Program Service Revenue $826,133
Investment Income $75,850
Other Revenue $0
TOTAL REVENUE $970,376

Expense Breakdown

Grants Paid $0
Salaries & Benefits $176,911
Fundraising Expenses $0
Program Expenses $647,811
Other Expenses $496,212
TOTAL EXPENSES $781,568

Year-over-Year Comparison

2024 2023 Change
Revenue $970,376 $921,862 +0.1%
Expenses $781,568 $672,322 +0.2%
Net Income $188,808 $249,540 -0.2%
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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Governance

Voting Members
3
Independent Members
3
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
3
$72,126
Total Directors
3
$72,126
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DOUG BELDON DIRECTOR 40.00
Officer Director
$38,731 $0 $38,731
ALLYSON RENEAU DIRECTOR 40.00
Officer Director
$33,395 $0 $33,395
JOSHUA MEANS DIRECTOR 3.00
Officer 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 $970,376 $781,568 $2,004,037 $188,808
2023 $921,862 $672,322 $696,788 $249,540
2022 $902,049 $686,943 $447,227 $215,106
2021 $824,015 $609,365 $231,820 $214,650
2020 $406,632 $449,090 $20,732 $-42,458
2019 $481,784 $445,581 $595,057 $36,203
2018 $452,317 $465,641 $456,759 $-13,324
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