NORTH CHARLESTON, SC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)INCREASING HOPE, founded in 2005, is a small nonprofit in the Human Services sector that reported $649K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $949K exceeded revenue, resulting in a 46% operating deficit.
THE MISSION OF INCREASING H.O.P.E FINANCIAL TRAINING CENTER IS TO CREATE FINANCIAL FREEDOM AND STABILITY FOR FAMILIES IN SOUTH CAROLINA BY BUILDING ASSETS THROUGH FINANCIAL EDUCATION AND TRAINING.
FINANCIAL EDUCATION: THE FINANCIAL EDUCATION PROGRAM IS A CORNERSTONE OF INCREASING H.O.P.E'S EFFORTS TO EMPOWER THE COMMUNITY. THIS PROGRAM OFFERS A RANGE OF SERVICES, INCLUDING FINANCIAL LITERACY...
FINANCIAL EDUCATION: THE FINANCIAL EDUCATION PROGRAM IS A CORNERSTONE OF INCREASING H.O.P.E'S EFFORTS TO EMPOWER THE COMMUNITY. THIS PROGRAM OFFERS A RANGE OF SERVICES, INCLUDING FINANCIAL LITERACY CLASSES THAT HAVE BEEN ATTENDED BY 177 INDIVIDUALS. THESE CLASSES PROVIDE CRUCIAL KNOWLEDGE ABOUT BUDGETING, SAVING, AND MANAGING PERSONAL FINANCES. THE PROGRAM ALSO ENCOMPASSES HOUSING AND CREDIT COUNSELING, WITH 71 COUNSELING SESSIONS CONDUCTED IN THE PAST YEAR. THE COMPREHENSIVE APPROACH OF THE FINANCIAL EDUCATION PROGRAM ENSURES THAT COMMUNITY MEMBERS HAVE THE TOOLS AND KNOWLEDGE NECESSARY TO MAKE INFORMED FINANCIAL DECISIONS AND WORK TOWARDS LONG-TERM ECONOMIC STABILITY.
SMALL BUSINESS DEVELOPMENT TRAININGS:INCREASING H.O.P.E ALSO FOCUSES ON FOSTERING ENTREPRENEURSHIP AND SUPPORTING SMALL BUSINESSES THROUGH ITS SMALL BUSINESS DEVELOPMENT TRAININGS. THIS INITIATIVE IS...
SMALL BUSINESS DEVELOPMENT TRAININGS:INCREASING H.O.P.E ALSO FOCUSES ON FOSTERING ENTREPRENEURSHIP AND SUPPORTING SMALL BUSINESSES THROUGH ITS SMALL BUSINESS DEVELOPMENT TRAININGS. THIS INITIATIVE IS DESIGNED TO HELP ASPIRING AND EXISTING BUSINESS OWNERS GAIN THE SKILLS NEEDED TO START AND GROW THEIR BUSINESSES SUCCESSFULLY. THE PROGRAM INCLUDES A RANGE OF TRAINING EVENTS, WITH 89 EVENTS HELD OVER THE PAST YEAR, PROVIDING VALUABLE GUIDANCE ON BUSINESS PLANNING, MARKETING, FINANCIAL MANAGEMENT, AND MORE. THESE TRAININGS HAVE BECOME A VITAL RESOURCE FOR ENTREPRENEURS, PARTICULARLY WOMEN, THROUGH THE I-HOPE WOMEN'S BUSINESS CENTER AND THE BUSINESS SUCCESS CENTER. BY EQUIPPING SMALL BUSINESS OWNERS WITH ESSENTIAL SKILLS, THE PROGRAM CONTRIBUTES TO ECONOMIC DEVELOPMENT AND JOB CREATION WITHIN THE COMMUNITY.
VITA TAX PROGRAM:FOR OVER 15 YEARS, THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM HAS BEEN A BEACON OF SUPPORT FOR LOW-INCOME INDIVIDUALS AND FAMILIES. THIS PROGRAM PROVIDES FREE TAX PREPARATION...
VITA TAX PROGRAM:FOR OVER 15 YEARS, THE VOLUNTEER INCOME TAX ASSISTANCE (VITA) PROGRAM HAS BEEN A BEACON OF SUPPORT FOR LOW-INCOME INDIVIDUALS AND FAMILIES. THIS PROGRAM PROVIDES FREE TAX PREPARATION SERVICES, ENSURING THAT CLIENTS MAXIMIZE THEIR REFUNDS AND CREDITS. THE VITA PROGRAM'S IMPACT IS SUBSTANTIAL, WITH A TOTAL OF $654,564 IN TAX REFUNDS PROCESSED, HIGHLIGHTING ITS ROLE IN HELPING FAMILIES IMPROVE THEIR FINANCIAL SITUATIONS. BY ALLEVIATING THE STRESS ASSOCIATED WITH TAX PREPARATION AND ENSURING COMPLIANCE WITH TAX LAWS, THE VITA PROGRAM FOSTERS FINANCIAL WELL-BEING AND RESILIENCE AMONG PARTICIPANTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $649,092 | $945,750 | -0.3% |
| Expenses | $948,762 | $783,892 | +0.2% |
| Net Income | $-299,670 | $161,858 | -2.9% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TRINA CARTER | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JILL WHISONANT | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| RYAN BENTON | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| JON STROUD | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| CHRIS KOVACH | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| ANGELIA WILLIAMS | DIRECTOR | 0.50 |
Director
|
$0 | $0 | $0 |
| DOROTHEA BERNIQUE | EXECUTIVE DIRECTOR | 60.00 |
Officer
|
$64,054 | $0 | $64,054 |
| DONNA D'AMATO | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| IORDANIS KARAGIANNIDIS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GARY LOADHOLT | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| LAURA BATES | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $649,092 | $948,762 | $201,183 | $-299,670 |
| 2022 | $945,750 | $783,892 | $359,123 | $161,858 |
| 2021 | $448,680 | $501,290 | $127,870 | $-52,610 |
| 2020 | $252,950 | $216,133 | $180,680 | $36,817 |
| 2019 | $130,072 | $161,881 | $22,525 | $-31,809 |
| 2018 | $118,156 | $162,656 | $54,727 | $-44,500 |
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