Project Hope (EIN 810534238) - 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

2003

Legal Domicile

Principal Officer

Lara Strickland

Phone

4063228537

Tax Period

2024-01-01 to 2024-12-31

Project Hope, founded in 2003, is a small nonprofit in the Human Services sector that reported $211K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. Expenses of $237K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO PROVIDE FOOD, CLOTHING AND EMERGENCY FINANCIAL ASSISTANCE TO COUNTY RESIDENTS IN NEED

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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 $225,048

Program Service Revenue $0

Investment Income $175

Other Revenue $-14,293

TOTAL REVENUE $210,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,098

Fundraising Expenses $0

Program Expenses $237,171

Other Expenses $154,073

TOTAL EXPENSES $237,171

Year-over-Year Comparison

	2024	2023	Change
Revenue	$210,930	$248,418	-0.2%
Expenses	$237,171	$243,029	0.0%
Net Income	$-26,241	$5,389	-5.9%

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

Governance

Voting Members

Independent Members

Employees

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

$57,024

Key Employees

$31,680

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARA STRICKLAND	EXECUTIVE DIRECTOR	040.00	Director Key Emp	$15,840	$0	$31,680
RAE ELLEN STRICKLAND	VOLUNTEER COORDINATOR	040.00	Director	$25,344	$0	$25,344
CHARLOTTE VANOOSTEN	TREASURER	003.00	Officer Director	$0	$0	$0
KATHY CURRIE	DIRECTOR	003.00	Director	$0	$0	$0
PEGGY JOKI	DIRECTOR	003.00	Director	$0	$0	$0
JESSICA NICK	DIRECTOR	003.00	Officer Director	$0	$0	$0
RANDY ALLEN	PRESIDENT	001.00	Officer Director	$0	$0	$0
TONIA FISHER-CLARK	SECRETARY	003.00	Director	$0	$0	$0
CHRIS CLARK	DIRECTOR	003.00	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
2024	$210,930	$237,171	$573,960	$-26,241
2023	$248,418	$243,029	$601,596	$5,389
2022	$277,522	$210,076	$601,702	$67,446
2021	$237,132	$208,463	$542,098	$28,669
2020	$65,213	$159,736	$523,612	$-94,523
2019	$194,447	$184,543	$651,171	$9,904
2018	$201,661	$183,005	$653,055	$18,656

Project Hope