GROWING HOPE INC

EIN: 743091845 501(c)(3) Youth Development

YPSILANTI, MI

Total Revenue
$1,239,216
Total Expenses
$894,590
Total Assets
$2,226,127
Net Assets
$2,037,710
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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
MI
Principal Officer
NUOLA AKINDE
Phone
7347868401
Tax Period
2024-01-01 to 2024-12-31

GROWING HOPE INC, founded in 2003, is a community nonprofit in the Youth Development sector that reported $1.2M in total revenue in fiscal year 2024. Revenue surged 42% from the prior year, signaling strong growth momentum. The organization ran a surplus of $345K, a strong 28% operating margin.

Mission

FOSTERS AN EQUITABLE AND SUSTAINABLE LOCAL FOOD SYSTEM WHERE ALL PEOPLE ARE EMPOWERED TO GROW, SELL, BUY, PREPARE, AND EAT NOURISHING FOOD.

Program Service Accomplishments

Program 1
Expenses: $203,738 Revenue: $6,131

FARM AND GARDEN PROGRAMS: THIS PROGRAM EMPOWERS PEOPLE OF ALL AGES TO GROW, PREPARE, AND EAT NOURISHING FOOD WITH HANDS-ON EDUCATIONAL OPPORTUNITIES THROUGH WORKSHOPS, TRAINING, AND FIELD TRIPS ON...

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FARM AND GARDEN PROGRAMS: THIS PROGRAM EMPOWERS PEOPLE OF ALL AGES TO GROW, PREPARE, AND EAT NOURISHING FOOD WITH HANDS-ON EDUCATIONAL OPPORTUNITIES THROUGH WORKSHOPS, TRAINING, AND FIELD TRIPS ON THE ORGANIZATION'S URBAN FARM DEMONSTRATION GARDENS. THE ORGANIZATION SUPPORTS YPSILANTI HOME, COMMUNITY, AND SCHOOL GARDENS BY PROVIDING RAISED BEDS, COMPOST, SEEDLINGS/SEEDS, TOOLS, AND MENTORSHIP. IN 2024: - 6,208 POUNDS OF PRODUCE FROM THE ORGANIZATIONS GARDEN WERE GIVEN BACK TO THE COMMUNITY. -12,000 SEEDLINGS WERE GIVEN TO THE NEARBY AREA TO GARDNERS FOR HOME AND COMMUNITY GARDENS. -60 NEW GARDEN BEDS WERE BUILT FOR THE HOME VEGETABLE GARDEN PROGRAM PARTICIPANTS. - 4,587 SEED PACKETS WERE DISTRIBUTED. -83 TOOLS WERE MADE AVAILABLE TO THE COMMUNITY THROUGH THE NEW TOOL-LENDING LIBRARY.

Program 2
Expenses: $255,324 Revenue: $17,777

FARMERS MARKET PROGRAMS: WITH AN EMPHASIS ON INCREASING ACCESS TO LOCAL FRESH FOODS FOR UNDERSERVED POPULATIONS, THE ORGANIZATION MANAGES THE DEPOT TOWN YPSILANTI FARMERS MARKET, WHICH PROVIDES A...

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FARMERS MARKET PROGRAMS: WITH AN EMPHASIS ON INCREASING ACCESS TO LOCAL FRESH FOODS FOR UNDERSERVED POPULATIONS, THE ORGANIZATION MANAGES THE DEPOT TOWN YPSILANTI FARMERS MARKET, WHICH PROVIDES A VIBRANT COMMUNITY SPACE FOR LOCAL FARMERS AND FOOD MAKERS TO SELL DIRECTLY TO CUSTOMERS. ADDITIONALLY, IT MANAGES THE YPSI AREA ONLINE MARKET, A SAFE AND CONVENIENT OPTION. SIX FORMS OF FOOD ASSISTANCE BENEFITS ARE ACCEPTED AT ALL MARKETS. IN 2024: - 215,000 OF LOCAL FOODS AND GOODS WERE SOLD THROUGH THE YPSILANTI AREA ONLINE MARKET AND THE YPSILANTI FARMERS MARKET. -17% OF THE MARKET SALES USED FOOD ASSISTANCE. -120 LOCAL FARMERS AND FOOD PRODUCERS SOLD THEIR PRODUCTS THROUGH THE PROGRAM. -ON AVERAGE 700 INDIVIDUALS VISISTED THE MARKET, WHILE 200 VISITED THE INDOOR WINTER MARKET EACH WEEK. -100 ACTIVE PARTICIPANTS REGISTERED FOR THE POWER OF PRODUCE CLUB.

Program 3
Expenses: $198,011 Revenue: $2,350

YOUTH AND SCHOOLS PROGRAMS: GARDEN-BASED NUTRITION EDUCATION IS PROVIDED FOR PRE-K THROUGH 8TH-GRADE YOUTH AT THE ORGANIZATION'S URBAN FARM IN CLASSROOMS, AFTER-SCHOOL PROGRAMS, SUMMER CAMPS, AND...

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YOUTH AND SCHOOLS PROGRAMS: GARDEN-BASED NUTRITION EDUCATION IS PROVIDED FOR PRE-K THROUGH 8TH-GRADE YOUTH AT THE ORGANIZATION'S URBAN FARM IN CLASSROOMS, AFTER-SCHOOL PROGRAMS, SUMMER CAMPS, AND THROUGH ITS PARTICIPATION IN THE YPSILANTI'S FARM TO SCHOOL INITIATIVE. IN ITS YEAR- ROUND TEEN EMPLOYMENT PROGRAM, TEENS GROW THEIR LEADERSHIP AND JOB SKILLS WHILE WORKING ON THE ORGANIZATION'S URBAN FARM, AT ITS MARKETS, AND IN ITS INCUBATOR KITCHEN, CREATING THE NEXT CHANGEMAKERS IN THE LOCAL FOOD SYSTEM. IN 2024: - 12 TEENS PARTICIPATED IN THE PAID LEADERSHIP PROGRAM -638 YOUTHS TOOK PART IN THE STEM-BASED FIELD TRIPS TO THE GROWING HOPE FARM AND THE YPSILANTI FARMERS MARKET. - 12 OF THE LOCAL YPSILANTI COMMUNITY SCHOOLS PARTICIPATED IN THE FARM TO SCHOOL ACTIVITIES. -5 ENGAGEMENTS WERE ORGANIZED BY THE TEEN LEADERSHIP PROGRAM PARTICIPANTS. -ENGAGED IN 81 YOUTH AND SCHOOL ORGANIZATIONS. -YOUTH PROGRAM PARTICIPATED IN THE NEUTRAL ZONE'S 2024 YOUTH DRIVEN SPACES COHORT.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,146,854
Program Service Revenue $82,981
Investment Income $8,954
Other Revenue $427
TOTAL REVENUE $1,239,216

Expense Breakdown

Grants Paid $8,349
Salaries & Benefits $590,037
Fundraising Expenses $89,998
Program Expenses $736,597
Other Expenses $296,204
TOTAL EXPENSES $894,590

Year-over-Year Comparison

2024 2023 Change
Revenue $1,239,216 $871,497 +0.4%
Expenses $894,590 $821,108 +0.1%
Net Income $344,626 $50,389 +5.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
28
Volunteers
160

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
4
$78,924
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JULIUS BUZZARD EXECUTIVE DI 40.00
Officer
$66,946 $11,978 $78,924
NUOLA AKINDE CHAIR 1.00
Officer Director
$0 $0 $0
HARLEY SHERMAN TREASURER 1.00
Officer Director
$0 $0 $0
KELSEY WATSON SECRETARY 1.00
Officer Director
$0 $0 $0
TRISHE' DUCKWORTH DIRECTOR 1.00
Director
$0 $0 $0
TESS RIAN DIRECTOR 1.00
Director
$0 $0 $0
FERIAL REWOLDT DIRECTOR 1.00
Director
$0 $0 $0
ALISON SHORES DIRECTOR 1.00
Director
$0 $0 $0
STEFANIE STAUFFER 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
2024 $1,239,216 $894,590 $2,226,127 $344,626
2023 $871,497 $821,108 $1,879,298 $50,389
2022 $899,361 $825,479 $1,828,294 $73,882
2021 $1,461,456 $817,867 $1,769,633 $643,589
2020 $1,080,609 $786,612 $1,638,370 $293,997
2019 $745,548 $726,603 $1,248,047 $18,945
2018 $718,909 $729,836 $1,254,559 $-10,927
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