LIVING HOPE MINISTRIES

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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

1989

Legal Domicile

Principal Officer

RICKY CHELETTE

Phone

8174592507

Tax Period

2024-06-01 to 2025-05-31

LIVING HOPE MINISTRIES, founded in 1989, is a small nonprofit in the Religion sector that reported $423K in total revenue in fiscal year 2024. Expenses of $362K left a modest 14% surplus.

Mission

THE PRIMARY PURPOSE OF THE ORGANIZATION IS TO PROVIDE MINISTERIAL SUPPORT FOR THE SEXUALLY AND RELATIONALLY WOUNDED.

Program Service Accomplishments

Program 1

Expenses: $334,100

THE MINISTRY PROVIDES EDUCATION, INSTRUCTION, PUBLICATION OF MATERIALS ON ISSUES OF SEXUALITY AND PROVIDES ONGOING SUPPORT FOR THOSE WHO ARE SEXUALLY AND RELATIONALLY WOUNDED.

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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 $361,714

Program Service Revenue $16,649

Investment Income $35,114

Other Revenue $9,080

TOTAL REVENUE $422,557

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,983

Fundraising Expenses $0

Program Expenses $334,100

Other Expenses $122,705

TOTAL EXPENSES $361,688

Year-over-Year Comparison

	2024	2023	Change
Revenue	$422,557	$412,506	+0.0%
Expenses	$361,688	$313,583	+0.2%
Net Income	$60,869	$98,923	-0.4%

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

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

$81,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKY CHELETTE	PRESIDENT/TR	40.00	Officer	$81,706	$0	$81,706
SUE BOHLIN	SECRETARY	1.00	Officer Director	$0	$0	$0
LARRY FORKNER	BOARD MEMBER	1.00	Director	$0	$0	$0
SARAH GAMBO	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MCFARLANE	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB STITH	CHAIRMAN	1.00	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
2025	$422,557	$361,688	$998,563	$60,869
2024	$412,506	$313,583	$935,812	$98,923
2023	$426,574	$320,960	$836,889	$105,614
2022	$467,575	$729,413	$731,275	$-261,838
2021	$481,381	$378,634	$983,559	$102,747
2020	$541,442	$1,416,613	$880,812	$-875,171
2019	$537,243	$392,766	$1,755,983	$144,477