Hope Connecting Hearts Nigeria Inc (EIN 800865069) - 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

2011

Legal Domicile

Principal Officer

Bill Agnew

Phone

4024407977

Tax Period

2023-01-01 to 2023-12-31

Hope Connecting Hearts Nigeria Inc, founded in 2011, is a small nonprofit in the International Affairs sector that reported $206K in total revenue in fiscal year 2023. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $243K exceeded revenue, resulting in a 18% operating deficit.

Mission

The mission of HCHN is to give and sustain hope and break the circle of poverty by making education affordable and accessible to rural children in the remote regions of Nigeria. We help build schools, educate young people, and promote community health and well-being through the bond of charity and solidarity.

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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 (2023)

Revenue Breakdown

Contributions & Grants $225,123

Program Service Revenue $0

Investment Income $10,714

Other Revenue $-29,488

TOTAL REVENUE $206,349

Expense Breakdown

Grants Paid $229,120

Salaries & Benefits $0

Fundraising Expenses $5,740

Program Expenses $229,120

Other Expenses $13,714

TOTAL EXPENSES $242,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$206,349	$453,097	-0.5%
Expenses	$242,834	$235,697	+0.0%
Net Income	$-36,485	$217,400	-1.2%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Reverend Father Kizito Okhuoya	Executive Director	10.00	Director	$0	$0	$0
Bill Agnew	Chair	1.00	Officer	$0	$0	$0
Dana Washington	Vice Chair	1.00	Officer	$0	$0	$0
Mark Bishoff	Treasurer	10.00	Officer	$0	$0	$0
Therese Farnsworth	Secretary	10.00	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	No data	No data	No data	No data
2023	$206,349	$242,834	$641,417	$-36,485
2022	$453,097	$235,697	$677,902	$217,400
2021	$215,077	$44,954	$460,502	$170,123
2020	$213,897	$326,255	$290,379	$-112,358

Hope Connecting Hearts Nigeria Inc