TREASURE OF HOPE INC

EIN: 800338586 501(c)(3) Human Services

Springfield, MA

Total Revenue
$51,948
Total Expenses
$395,477
Total Assets
$423,183
Net Assets
$-405,379
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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
2010
Principal Officer
SHEENA LOVE
Phone
4137326060
Tax Period
2022-01-01 to 2022-12-31

TREASURE OF HOPE INC, founded in 2010, is a micro nonprofit in the Human Services sector that reported $52K in total revenue in fiscal year 2022. Revenue fell 81% from the prior year — a significant decline worth monitoring. Expenses of $395K exceeded revenue, resulting in a 661% operating deficit.

Mission

CREATIVE PLACEMENT FOR THE ELDERLY AND DISABLED.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $51,035
Investment Income $913
Other Revenue $0
TOTAL REVENUE $51,948

Expense Breakdown

Grants Paid $0
Salaries & Benefits $321,555
Fundraising Expenses $0
Other Expenses $73,922
TOTAL EXPENSES $395,477

Year-over-Year Comparison

2022 2021 Change
Revenue $51,948 $271,104 -0.8%
Expenses $395,477 $431,929 -0.1%
Net Income $-343,529 $-160,825 +1.1%
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
2
Independent Members
2
Employees
2
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
1
$152,948
Total Directors
1
$152,948
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHEENA T LOVE PRESIDENT 040.00
Officer Director
$152,948 $0 $152,948
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
2022 $51,948 $395,477 $423,183 $-343,529
2021 $271,104 $431,929 $769,637 $-160,825
2020 $436,371 $411,875 $183,804 $24,496
2019 $496,842 $414,189 $146,678 $82,653
2018 $556,113 $480,287 $63,951 $75,826
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