Hope Ventures Inc

EIN: 814389154 501(c)(3) Human Services

Pasadena, CA

Total Revenue
$216,685
Total Expenses
$286,076
Total Assets
$109,576
Net Assets
$98,243
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
CA
Principal Officer
Mark Edgar-Goeser
Phone
6266781980
Tax Period
2024-01-01 to 2024-12-31

Hope Ventures Inc, founded in 2017, is a small nonprofit in the Human Services sector that reported $217K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $286K exceeded revenue, resulting in a 32% operating deficit.

Mission

We train organizations around the world to raise up thriving businesses in undeserved communities.

Program Service Accomplishments

Program 1
Expenses: $217,993 Revenue: $34,000

Entrepreneurship Training Program(1) Quito Entrepreneur Project Provided continued support for economic development efforts in impoverished communities in Ecuador through a locally led business...

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Entrepreneurship Training Program(1) Quito Entrepreneur Project Provided continued support for economic development efforts in impoverished communities in Ecuador through a locally led business program and small farming initiatives for 135 participants. Ongoing involvement includes coaching, consulting, and monitoring of impact outcomes.(2) Haiti Entrepreneur Project provide the project director with periodic coaching, consultation, and monitor a virtual business program serving communities in Port-au-Prince. The activities have been minimized due to civil unrest and gang violence in the area, but maintains a connection with over 20 entrepreneurs. (3) Malawi Entrepreneur Project Facilitated business training for 40 entrepreneurs at the Hope Business Hub. Launched a formal Business Association and implemented structured coaching for entrepreneur growth and collaboration.(4) Manila Entrepreneur Project Launched a business incubator program in partnership with local leaders to serve entrepreneurs in vulnerable communities. The pilot cohort includes 18 entrepreneurs and 12 mentors receiving tailored training and support.(5) Zimbabwe Entrepreneur Project Provided ongoing support for Business Savings Groups to equip underserved entrepreneurs with training, mentoring, and access to capital in collaboration with local partners. 40 people were enrolled in the program by the end of 2024.(6) Sierra Leone Entrepreneur Project Helped launch a foundational entrepreneur training program in Freetown in partnership with a local organization, equipping 25 aspiring entrepreneurs with the tools to start and grow businesses.(7) South LA Entrepreneur Project Previously supported a business incubator serving underserved communities in South Los Angeles through a local partner. No direct involvement during this reporting period; the program operates independently.

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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 $168,011
Program Service Revenue $34,000
Investment Income $2,183
Other Revenue $12,491
TOTAL REVENUE $216,685

Expense Breakdown

Grants Paid $10,018
Salaries & Benefits $156,448
Fundraising Expenses $24,106
Program Expenses $217,993
Other Expenses $119,610
TOTAL EXPENSES $286,076

Year-over-Year Comparison

2024 2023 Change
Revenue $216,685 $264,756 -0.2%
Expenses $286,076 $260,641 +0.1%
Net Income $-69,391 $4,115 -17.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
8
Independent Members
7
Employees
4
Volunteers
30

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
$137,269
Total Directors
8
$75,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mark Edgar-Goeser President & CEO 52.00
Officer Director
$75,000 $0 $75,000
Heath Hollandsworth Operations Dir. 40.00
Officer
$56,250 $6,019 $62,269
Jane Oak Secretary 0.50
Officer Director
$0 $0 $0
Jane Somers Treasurer 0.50
Officer Director
$0 $0 $0
Susan Oak Director 0.25
Director
$0 $0 $0
Michael Goldstone Director 1.50
Director
$0 $0 $0
Anthony Barton Director 0.50
Director
$0 $0 $0
Suzy Weeks Director 0.50
Director
$0 $0 $0
Janice Tsao Director 0.50
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 $216,685 $286,076 $109,576 $-69,391
2023 $264,756 $260,641 $172,708 $4,115
2022 $248,957 $161,850 $170,040 $87,107
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