HOPE STARTS HERE FOOD BANK (EIN 815106159) - 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

2017

Legal Domicile

Principal Officer

GREGORY THOMPSON

Phone

3039476964

Tax Period

2023-01-01 to 2023-12-31

HOPE STARTS HERE FOOD BANK, founded in 2017, is a small nonprofit in the Human Services sector that reported $828K in total revenue in fiscal year 2023. Revenue surged 442% from the prior year, signaling strong growth momentum.

Mission

THE HOPE STARTS HERE FOOD BANK'S MISSION IS TO FEED FAMILIES IN NEED IN THE SOUTHEAST DENVER METRO AREA, AND TO OFFER OTHER RESOURCES AND A PATH TOWARDS WHOLENESS. WE OFFER HOPE THROUGH EMPLOYMENT OPPORTUNITIES, LEGAL AND MEDICAL ASSISTANCE, AND REFERRALS TO OTHERS.

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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 $827,536

Program Service Revenue $0

Investment Income $15

Other Revenue $0

TOTAL REVENUE $827,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $203

Program Expenses $879,349

Other Expenses $880,471

TOTAL EXPENSES $880,471

Year-over-Year Comparison

	2023	2022	Change
Revenue	$827,551	$152,815	+4.4%
Expenses	$880,471	$212,965	+3.1%
Net Income	$-52,920	$-60,150	-0.1%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOAN ADAMS	BOARD MEMBER	N/A	Director	$0	$0	$0
MIKE CAULLEY	TREASURER/SE	N/A	Director	$0	$0	$0
GREGORY THOMPSON	PRESIDENT	N/A	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	No data	No data	No data	No data
2023	$827,551	$880,471	$7,880	$-52,920
2022	$152,815	$212,965	$77,069	$-60,150
2021	$1,137,457	$1,025,509	$111,901	$111,948
2020	$3,234,128	$3,128,200	$142,792	$105,928
2019	$2,531,651	$2,568,444	$16,419	$-36,793
2018	$2,331,120	$2,367,389	$17,461	$-36,269

HOPE STARTS HERE FOOD BANK