HOME OF HOPE INC

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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

1968

Legal Domicile

Principal Officer

RALPH RICHARDSON

Phone

9182567825

Tax Period

2022-07-01 to 2023-06-30

HOME OF HOPE INC, founded in 1968, is a mid-sized nonprofit in the Human Services sector that reported $16.6M in total revenue in fiscal year 2022.

Mission

SUPPORTING PEOPLE WITH DEVELOPMENTAL AND OTHER DISABILITIES BY PROMOTING CHOICES

Program Service Accomplishments

Program 1

COMMUNITY SUPPORT - RESIDENT AND REHABILITATION SERVICES, PLANNING, IMPLEMENTATION, AND ASSESSING INDIVIDUAL NEEDS, COMMUNITY INTEGRATION, SOCIAL RELATIONSHIPS AND NORMALIZATION WITH HOME AND...

COMMUNITY SUPPORT - RESIDENT AND REHABILITATION SERVICES, PLANNING, IMPLEMENTATION, AND ASSESSING INDIVIDUAL NEEDS, COMMUNITY INTEGRATION, SOCIAL RELATIONSHIPS AND NORMALIZATION WITH HOME AND COMMUNITY.

Program 2

INTERMEDIATE CARE PROGRAMS - HABILITATION AND SUPPORT SERVICES, INDIVIDUAL ASSESSMENTS, PLANNING AND IMPLEMENTATION, AFFIRMING AND PROTECTING RIGHTS OF INDIVIDUALS, COMMUNITY INTEGRATION, AFFIRMING AND PROTECTING RIGHTS OF INDIVIDUALS, COMMUNITY INTEGRATION, SOCIAL RELATIONSHIPS AND NORAMLIZATION.

Program 3

VOCATIONAL SERVICES - PROVIDE VOCATIONAL ASSESSMENTS, ACTUAL WORK EXPERIENCE, TRAINING AND PLACEMENT SERVICES TO DEVELOPMENTALLY DISABLED ADULTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,156,297

Program Service Revenue $14,408,773

Investment Income $40,560

Other Revenue $0

TOTAL REVENUE $16,605,630

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,331,674

Fundraising Expenses $0

Program Expenses $15,222,422

Other Expenses $5,806,846

TOTAL EXPENSES $18,138,520

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,605,630	N/A	N/A
Expenses	$18,138,520	N/A	N/A
Net Income	$-1,532,890	N/A	N/A

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

226

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
JOE FOSS	DIRECTOR	1.00	Director	$0	$0	$0
JOE FRAZIER	CFO	5.00	Director	$0	$0	$0
AMY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
DENA PITTS	COO	5.00	Director	$0	$0	$0
RALPH RICHARDSON	CEO	5.00	Officer Director	$0	$0	$0
CINDY ROGERS	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$16,605,630	$18,138,520	$8,909,720	$-1,532,890
2022	$16,492,529	$15,802,423	$9,222,174	$690,106
2021	$17,584,477	$15,376,387	$9,542,630	$2,208,090
2020	$15,299,447	$14,433,609	$9,079,173	$865,838
2019	$14,055,245	$14,044,046	$4,768,680	$11,199
2018	$13,247,097	$13,482,298	$4,419,794	$-235,201