HOPE FOR MORE FOUNDATION INC (EIN 823599112) - 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

JESSICA HAINES

Phone

4076415847

Tax Period

2023-01-01 to 2023-12-31

HOPE FOR MORE FOUNDATION INC, founded in 2017, is a small nonprofit in the Human Services sector that reported $578K in total revenue in fiscal year 2023. Revenue surged 98% from the prior year, signaling strong growth momentum.

Mission

OUR MISSION IS TO IDENTIFY AND FUND OUTSTANDING NONPROFITS IN OUR COMMUNITY TO FURTHER THEIR EFFORTS IN OUTREACH, ADVOCACY AND FUNDRAISING.

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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 $531,920

Program Service Revenue $0

Investment Income $412

Other Revenue $45,449

TOTAL REVENUE $577,781

Expense Breakdown

Grants Paid $383,131

Salaries & Benefits $11,697

Fundraising Expenses $0

Program Expenses $523,454

Other Expenses $173,983

TOTAL EXPENSES $568,811

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,781	$292,304	+1.0%
Expenses	$568,811	$348,209	+0.6%
Net Income	$8,970	$-55,905	-1.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JESSICA HAINES	PRESIDENT	1.00	Officer Director	$0	$0	$0
JR TANGHAL	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
ANNAMARIE MONTISANO	SECRETARY	1.00	Officer Director	$0	$0	$0
NIKKI BASSO	BOARD MEMBER	1.00	Director	$0	$0	$0
N/A	BOARD MEMBER	1.00	Director	$0	$0	$0
EVA LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
HOPE VALENTINE IRONS	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD GAFFNEY	BOARD MEMBER	1.00	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	$577,781	$568,811	$107,908	$8,970
2022	$292,304	$348,209	$104,299	$-55,905

HOPE FOR MORE FOUNDATION INC