HOPE FOR THE HOPELESS

EIN: 800428143 501(c)(3) Human Services

PHOENIX, AZ

Total Revenue
$199,482
Total Expenses
$213,357
Total Assets
$15,930
Net Assets
$4,249
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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
2009
Legal Domicile
AZ
Principal Officer
SURAFEL GEBRETSADIK
Phone
6024879810
Tax Period
2023-01-01 to 2023-12-31

HOPE FOR THE HOPELESS, founded in 2009, is a small nonprofit in the Human Services sector that reported $199K in total revenue in fiscal year 2023.

Mission

PROVIDE SUPPORT FOR HOUSING AND EDUCATION TO STREET CHILDREN IN ETHIOPIA.

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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 $199,054
Program Service Revenue $0
Investment Income $-543
Other Revenue $971
TOTAL REVENUE $199,482

Expense Breakdown

Grants Paid $147,800
Salaries & Benefits $18,000
Fundraising Expenses $0
Program Expenses $147,800
Other Expenses $47,557
TOTAL EXPENSES $213,357

Year-over-Year Comparison

2023 2022 Change
Revenue $199,482 $187,498 +0.1%
Expenses $213,357 $172,270 +0.2%
Net Income $-13,875 $15,228 -1.9%
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
6
Independent Members
6
Employees
1
Volunteers
6

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
4
$18,000
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SURAFEL GEBRETSADIK EXECUTIVE DIRECTOR 17.50
Officer
$18,000 $0 $18,000
GEORGE CUSHMAN CHAIR 1.50
Officer Director
$0 $0 $0
TOMMY LYONS TREASURER 2.50
Officer Director
$0 $0 $0
NANCY CUSHMAN SECRETARY 3.50
Officer Director
$0 $0 $0
TRACY LYONS DIRECTOR 0.50
Director
$0 $0 $0
FEVEN SURAFEL DIRECTOR 0.50
Director
$0 $0 $0
DIRK VANDEVENTER DIRECTOR 1.50
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
2023 $199,482 $213,357 $15,930 $-13,875
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