HOPE FOR THE HOPELESS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

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 THRU GROUP HOMES AND BOARDING SCHOOL TO PROVIDE TRANSITION INTO FOSTER FAMILIES, PROVIDING AID TO FOSTER FAMILIES AND CONTINUED SUPPORT THROUGH VOCATIONAL TRAINING.

Program Service Accomplishments

Program 1

Expenses: $147,800 Revenue: $0

PROVIDE SUPPORT FOR HOUSING, GROUP HOMES, AND FOSTER FAMILIES. IN 2023, THE ORGANIZATION BEGAN A FEEDING PROGRAM IN DEBRE BIRHAN. WE FEED ABANDONED AND ORPHANED REFUGEE CHILDREN IN DEBRE BIRHAN TWICE...

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$18,000

Total Directors

Key Employees

Highest Compensated

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