SPIRIT OF HOPE INC

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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

Legal Domicile

Principal Officer

ELLEN JACKSON

Phone

7754613331

Tax Period

2025-01-01 to 2025-12-31

SPIRIT OF HOPE INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $624K in total revenue in fiscal year 2025. Revenue decreased 10% compared to the prior year.

Mission

SPIRIT OF HOPE FOLLOWS THE 'HOUSING FIRST" MODEL AS A SOLUTION TO HOMELESSNESS BY CONNECTING PEOPLE EXPERIENCING HOMELESSNESS TO PERMANENT HOUSING. THROUGH THIS MODEL, RESIDENTS CAN ACHIEVE ENOUGH STABILIITY TO ALLOW THEM TO ADDRESS AREAS THAT MAY HAVE CONTRIBUTED TO THEIR HOMELESSNESS SUCH AS TRAUMA, EMPLOYMENT, HEALTH, SUBSTANCE ABUSE, CRINAL RECORD, AND MORE. EACH PERSON GOES THROUGH AN INTAKE PROCESS TO QUALIFY FOR SERVICES WHERE A MEASURE OF CARE IS DETERMINED.

Program Service Accomplishments

Program 1

Expenses: $419,415 Revenue: $548,511

THE PRIMARY PROGRAM OF SPIRIT OF HOPE IS TO PROVIDE SAFE, SOBER, DRUG FREE HOUSING TO LOW INCOME HOMELESS INDIVIDUALS RESIDING IN CARSON CITY, NV. SPIRIT OF HOPE RENTS HOMES THEN RENT ROOMS TO...

THE PRIMARY PROGRAM OF SPIRIT OF HOPE IS TO PROVIDE SAFE, SOBER, DRUG FREE HOUSING TO LOW INCOME HOMELESS INDIVIDUALS RESIDING IN CARSON CITY, NV. SPIRIT OF HOPE RENTS HOMES THEN RENT ROOMS TO INDIVIDUALS QWHO CAN'T AFFORD AND/OR ARE UNABLE TO LIVE ON THEIR OWN.

Program 2

SECONDARY PROGRAM IS TO PROVIDE RESIDENTS WITH RIDES TO MEDICAL APPOINTMENTS, INDIVIDUAL AND GROUP THERAPY SESSIONS, GROCERY SHOPPING, BANKING, ETC.

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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%)

Financial Overview (2025)

Revenue Breakdown

Contributions & Grants $70,861

Program Service Revenue $548,511

Investment Income $0

Other Revenue $4,263

TOTAL REVENUE $623,635

Expense Breakdown

Grants Paid $0

Salaries & Benefits $167,855

Fundraising Expenses $0

Program Expenses $419,415

Other Expenses $459,693

TOTAL EXPENSES $627,548

Year-over-Year Comparison

	2025	2024	Change
Revenue	$623,635	$693,497	-0.1%
Expenses	$627,548	$695,986	-0.1%
Net Income	$-3,913	$-2,489	+0.6%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

$23,540

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES JACKSON	BOARD MEMBER	1.00	Director	$23,540	$0	$23,540
ELLEN JACKSON	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
ANDI FANT	BOARD CHAIR	4.00	Officer	$0	$0	$0
CYNTHIA BUNT	VICE CHAIR	2.00	Officer	$0	$0	$0
JOYCE MAJORS	TREASURER/SECRETARY	1.00	Officer	$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
2025	$623,635	$627,548	$52,217	$-3,913
2024	$693,497	$695,986	$46,986	$-2,489
2023	$486,268	$484,505	$49,475	$1,763
2022	$486,174	$491,983	$46,388	$-5,809
2022	$462,174	$491,983	$46,388	$-29,809
2021	$537,162	$558,481	$52,720	$-21,319
2020	$498,626	$473,246	$33,412	$25,380