HOPE RENOVATIONS SPENCER (EIN 823675207) - 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

NORA E SPENCER

Phone

9199601957

Tax Period

2024-07-01 to 2025-06-30

HOPE RENOVATIONS SPENCER, founded in 2017, is a community nonprofit in the Employment sector that reported $1.8M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $1.6M left a modest 10% surplus.

Mission

HOPE RENOVATIONS EMPOWERS WOMEN AND GENDER-EXPANSIVE INDIVIDUALS INTO CAREERS IN CONSTRUCTION AND HELPS OLDER ADULTS AGE IN PLACE.

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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 $1,451,514

Program Service Revenue $269,716

Investment Income $26,063

Other Revenue $31,955

TOTAL REVENUE $1,779,248

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,122,125

Fundraising Expenses $185,398

Program Expenses $1,168,876

Other Expenses $485,476

TOTAL EXPENSES $1,607,601

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,779,248	$1,495,530	+0.2%
Expenses	$1,607,601	$1,498,748	+0.1%
Net Income	$171,647	$-3,218	-54.3%

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

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

$100,000

Total Directors

$100,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NORA E SPENCER	CEO	40.00	Officer Director	$100,000	$0	$100,000
LEAH ADENIJI	DIRECTOR	N/A	Director	$0	$0	$0
CINDY COVINGTON	DIRECTOR	N/A	Director	$0	$0	$0
BRANDI GEREW	DIRECTOR	N/A	Director	$0	$0	$0
JENNIFER HOFFMAN	DIRECTOR	N/A	Director	$0	$0	$0
DREW LANGSAM	DIRECTOR	N/A	Director	$0	$0	$0
CARRIE SLOAN NORRY	DIRECTOR	N/A	Director	$0	$0	$0
PAT SPRIGG	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
2025	$1,779,248	$1,607,601	$783,584	$171,647
2024	$1,776,798	$1,498,748	$1,050,144	$278,050
2023	$1,896,731	$1,400,275	$709,125	$496,456
2023	$1,896,731	$1,400,275	$709,125	$496,456
2022	$1,020,497	$1,039,072	$244,453	$-18,575
2021	$351,606	$354,193	$248,381	$-2,587
2020	$587,895	$485,230	$264,629	$102,665

HOPE RENOVATIONS SPENCER