HOPE ACADEMY INCORPORATED

EIN: 812752344 501(c)(3)

GROVELAND, FL

Total Revenue
$2,244,895
Total Expenses
$1,888,400
Total Assets
$2,050,151
Net Assets
$830,238
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
FL
Principal Officer
JODIE MCCOY
Phone
3524294722
Tax Period
2024-07-01 to 2025-06-30

HOPE ACADEMY INCORPORATED, founded in 2016, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $356K, a strong 16% operating margin.

Mission

OUR GOAL IS TO EMPOWER, EDUCATE, AND ELEVATE ALL STUDENTS ENROLLED IN MIND, BODY AND SPIRIT WITH A FOCUS ON CAREER AND COLLEGE READINESS IN ORDER TO BECOME DYNAMIC LEADERS FOR CHRIST. IN HOPE ACADEMY WITH A FOCUS ON COLLEGE PREP COURSES. TO PROVIDE EQUAL ACCESS FOR ALL STUDENTS TO ROBUST EDUCATIONAL OPPORTUNITIES, IN A CHRISTIAN-BASED ENVIRONMENT, THAT PREPARES THEM FOR COLLEGE.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $9,590
Program Service Revenue $2,235,305
Investment Income $0
Other Revenue $0
TOTAL REVENUE $2,244,895

Expense Breakdown

Grants Paid $1,900
Salaries & Benefits $1,294,867
Fundraising Expenses $0
Program Expenses $1,693,168
Other Expenses $591,633
TOTAL EXPENSES $1,888,400

Year-over-Year Comparison

2024 2023 Change
Revenue $2,244,895 $1,533,791 +0.5%
Expenses $1,888,400 $1,407,538 +0.3%
Net Income $356,495 $126,253 +1.8%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
4
Independent Members
N/A
Employees
56
Volunteers
50

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
4
$162,405
Total Directors
4
$162,405
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTHONY MCCOY FOUNDER/CEO 2.00
Officer Director
$0 $4,291 $4,291
JODIE MCCOY CO-FOUNDER/VICE-PRESIDENT/ 40.00
Officer Director
$27,693 $1,840 $44,535
KHRYSTYNA TREMAINE OPERATIONS DIRECTOR 40.00
Officer Director
$34,346 $0 $34,346
ANTHONY MCCOY JR DIRECTOR 10.00
Officer Director
$0 $0 $79,233
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 $2,244,895 $1,888,400 $2,050,151 $356,495
2024 $1,533,791 $1,407,538 $1,643,960 $126,253
2023 $1,108,748 $1,147,305 $461,061 $-38,557
2022 $831,215 $785,912 $172,273 $45,303
2022 $895,604 $786,011 $392,038 $109,593
2021 $814,471 $576,535 $282,920 $237,936
2021 $659,002 $576,541 $127,445 $82,461
2020 $479,167 $457,278 $116,976 $21,889
2019 $456,245 $501,955 $16,629 $-45,710
2018 $278,672 $234,920 $62,339 $43,752
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