HOMES OF HOPE FOR CHILDREN INC (EIN 743067795) - 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

SCOTT HANBERRY

Phone

6014501188

Tax Period

2024-01-01 to 2024-12-31

HOMES OF HOPE FOR CHILDREN INC, founded in 2001, is a community nonprofit in the Human Services sector that reported $2.3M in total revenue in fiscal year 2024. Revenue surged 58% from the prior year, signaling strong growth momentum. The organization ran a surplus of $874K, a strong 38% operating margin.

Mission

TO SERVE CHILDREN IN CRISIS THROUGHOUT MISSISSIPPI BY PROVIDING STRONG, CHRISTIAN HOMES TO EVERY CHILD WHO LIVES ON CAMPUS WHILE ENSURING THAT EACH CHILD IS LOVED UNCONDITIONALLY AND HAS THEIR PHYSICAL, SPIRITUAL, AND EMOTIONAL NEEDS MET.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,413,585

Program Service Revenue $0

Investment Income $6,487

Other Revenue $896,755

TOTAL REVENUE $2,316,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $628,175

Fundraising Expenses $208,657

Program Expenses $1,067,338

Other Expenses $814,918

TOTAL EXPENSES $1,443,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,316,827	$1,467,842	+0.6%
Expenses	$1,443,093	$1,591,613	-0.1%
Net Income	$873,734	$-123,771	-8.1%

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

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

$137,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL HANBERRY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
MIMI LOWREY	VICE CHAIRMAN	2.00	Officer Director	$0	$0	$0
CAROL DANIEL	TREASURER	2.00	Officer Director	$0	$0	$0
DEBBIE SANFORD	SECRETARY	2.00	Officer Director	$0	$0	$0
BRITTNEY BORBASH	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE EASTERLING	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY MCCULLUM	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY SELLERS	BOARD MEMBER	1.00	Director	$0	$0	$0
VALERIE WILSON	BOARD MEMBER	1.00	Director	$0	$0	$0
ANTHONY MOZINGO	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$25,813	$2,604	$28,417
SCOTT HANBERRY	NEW EXECUTIVE DIRECTOR	40.00	Officer	$93,607	$15,374	$108,981

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	$2,316,827	$1,443,093	$5,869,496	$873,734
2023	$1,467,842	$1,591,613	$5,015,630	$-123,771
2022	$1,584,453	$1,826,696	$5,082,867	$-242,243
2021	$2,316,815	$1,648,162	$5,470,419	$668,653
2020	$1,558,387	$1,503,009	$4,805,366	$55,378
2019	$1,622,867	$1,418,028	$4,594,208	$204,839
2018	$1,325,281	$1,285,181	$4,400,371	$40,100

HOMES OF HOPE FOR CHILDREN INC