SPIRIT OF HOPE INC (EIN 800461686) - Form 990 Financial Analysis & Trantor Score

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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

2024-01-01 to 2024-12-31

SPIRIT OF HOPE INC, founded in 2010, is a small nonprofit in the Human Services sector that reported $693K in total revenue in fiscal year 2024. Revenue surged 43% from the prior year, signaling strong growth momentum.

Mission

SPIRIT OF HOPE FOLLOWS THE 'HOUSING FIRST" MODEL AS A SOLUTION TO HOMELESSNESS BY CONNECTING PEOPLE EXPERIENCINNG HOMELESSNESS TO PERMANENT HOUSING

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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 (2024)

Revenue Breakdown

Contributions & Grants $109,022

Program Service Revenue $584,475

Investment Income $0

Other Revenue $0

TOTAL REVENUE $693,497

Expense Breakdown

Grants Paid $0

Salaries & Benefits $180,176

Fundraising Expenses $0

Program Expenses $438,636

Other Expenses $515,810

TOTAL EXPENSES $695,986

Year-over-Year Comparison

	2024	2023	Change
Revenue	$693,497	$486,268	+0.4%
Expenses	$695,986	$484,505	+0.4%
Net Income	$-2,489	$1,763	-2.4%

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

$46,400

Total Directors

$15,950

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES JACKSON	BOARD MEMBER	1.00	Director	$15,950	$0	$15,950
ELLEN JACKSON	EXECUTIVE DIRECTOR	40.00	Officer	$46,400	$0	$46,400
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
2024	$693,497	$695,986	$46,986	$-2,489
2023	$486,268	$484,505	$49,475	$1,763
2022	$462,174	$491,983	$46,388	$-29,809
2022	$486,174	$491,983	$46,388	$-5,809
2021	$537,162	$558,481	$52,720	$-21,319
2020	$498,626	$473,246	$33,412	$25,380

SPIRIT OF HOPE INC