HOPE THRU SOAP INC (EIN 821679787) - 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

MEGAN VANDEBOGERT

Phone

7703652612

Tax Period

2024-01-01 to 2024-12-31

HOPE THRU SOAP INC, founded in 2017, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2024. Revenue surged 83% from the prior year, signaling strong growth momentum. Expenses of $1.4M left a modest 6% surplus.

Mission

PROVIDING SHOWERS, CLOTHING AND A MEAL FOR THE HOMELESS POPULATION IN AND AROUND ATLANTA.

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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 $1,436,019

Program Service Revenue $0

Investment Income $0

Other Revenue $6,014

TOTAL REVENUE $1,442,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $773,325

Fundraising Expenses $49,471

Program Expenses $1,219,949

Other Expenses $579,668

TOTAL EXPENSES $1,352,993

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,442,033	$788,631	+0.8%
Expenses	$1,352,993	$861,258	+0.6%
Net Income	$89,040	$-72,627	-2.2%

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

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

$186,025

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEGAN VANDEBOGERT	CEO/EXEC. DI	40.00	Officer	$167,927	$18,098	$186,025
JASON HOBACK	CHAIRMAN/SEC	N/A	Officer Director	$0	$0	$0
MIKE AYERS	TREASURER	N/A	Officer Director	$0	$0	$0
MAGGIE HOBACK	DIRECTOR	N/A	Director	$0	$0	$0
LARRY DORFMAN	DIRECTOR	N/A	Director	$0	$0	$0
CATHY DORFMAN	DIRECTOR	N/A	Director	$0	$0	$0
KELLEY KELLER	DIRECTOR	N/A	Director	$0	$0	$0
LLOYD PIERCE	DIRECTOR	N/A	Director	$0	$0	$0
ORLANDO PICHARDO	DIRECTOR	N/A	Director	$0	$0	$0
MAT MATTHEWS	DIRECTOR	N/A	Director	$0	$0	$0
VINCENT JONES	DIRECTOR	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	$1,442,033	$1,352,993	$202,034	$89,040
2023	$788,631	$861,258	$96,762	$-72,627
2022	$524,820	$566,249	$208,440	$-41,429
2021	$413,575	$413,029	$218,527	$546
2020	$455,081	$438,199	$307,290	$16,882

HOPE THRU SOAP INC