INCREASING HOPE

EIN: 753070026 501(c)(3) Human Services

NORTH CHARLESTON, SC

Total Revenue
$649,092
Total Expenses
$948,762
Total Assets
$201,183
Net Assets
$-45,812
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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
2005
Legal Domicile
SC
Principal Officer
DOROTHEA BERNIQUE
Phone
8432254343
Tax Period
2023-01-01 to 2023-12-31

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.

Mission

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.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $627,453
Program Service Revenue $21,141
Investment Income $32
Other Revenue $466
TOTAL REVENUE $649,092

Expense Breakdown

Grants Paid $0
Salaries & Benefits $582,206
Fundraising Expenses $7,517
Program Expenses $810,719
Other Expenses $366,556
TOTAL EXPENSES $948,762

Year-over-Year Comparison

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%
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

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Governance

Voting Members
10
Independent Members
10
Employees
17
Volunteers
18

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
5
$64,054
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
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
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 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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