WINGS OF HOPE RECOVERY SERVICES (EIN 823426089) - 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

2020

Legal Domicile

Principal Officer

Maxine Malone

Phone

7407274801

Tax Period

2024-01-01 to 2024-12-31

WINGS OF HOPE RECOVERY SERVICES, founded in 2020, is a small nonprofit in the Mental Health sector that reported $128K in total revenue in fiscal year 2024. Revenue fell 51% from the prior year — a significant decline worth monitoring. Expenses of $182K exceeded revenue, resulting in a 42% operating deficit.

Mission

Provide assistance to families 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 $75,860

Program Service Revenue $0

Investment Income $0

Other Revenue $52,159

TOTAL REVENUE $128,019

Expense Breakdown

Grants Paid $56,804

Salaries & Benefits $80,403

Fundraising Expenses $0

Program Expenses $174,388

Other Expenses $44,801

TOTAL EXPENSES $182,008

Year-over-Year Comparison

	2024	2023	Change
Revenue	$128,019	$259,272	-0.5%
Expenses	$182,008	$162,833	+0.1%
Net Income	$-53,989	$96,439	-1.6%

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

$72,332

Total Directors

$72,332

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Maxine Malone	Director	10.00	Officer Director	$72,332	$0	$72,332
Ricardo Nelson	Board Member	0.00	Director	$0	$0	$0
Bethany Grant	Board Member	0.00	Director	$0	$0	$0
Rebecca Miller	Board Member	0.00	Director	$0	$0	$0
Talitha Malone	Board Member	0.00	Director	$0	$0	$0
Mili A Stephens-Lopez	Board Member	0.00	Director	$0	$0	$0
Arthur Langford	Board Member	0.00	Director	$0	$0	$0
Cynthia Morgan	Board Member	0.00	Director	$0	$0	$0
Sharon Davis	President	1.00	Officer	$0	$0	$0
Elsie Shabazz	Secretary	1.00	Officer	$0	$0	$0
Dorothy Taylor	Treasurer	1.00	Officer	$0	$0	$0
La Toshia Malone	Vice President	1.00	Officer	$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	$128,019	$182,008	$210,888	$-53,989
2023	$259,272	$162,833	$258,614	$96,439
2022	$227,917	$215,955	$160,790	$11,962
2021	$243,369	$158,551	$148,828	$84,818

WINGS OF HOPE RECOVERY SERVICES