GROWING HOPE INC (EIN 743091845) - 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

2003

Legal Domicile

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.

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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 $1,146,854

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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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

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

$78,924

Total Directors

Key Employees

Highest Compensated

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

GROWING HOPE INC