Together In Hope Project

EIN: 823695283 501(c)(3) Arts, Culture & Humanities

Minneapolis, MN

Total Revenue
$220,198
Total Expenses
$230,919
Total Assets
$10,011
Net Assets
$10,011
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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
MN
Principal Officer
Gary Aamodt
Phone
9523033218
Tax Period
2022-01-01 to 2022-12-31

Together In Hope Project, founded in 2017, is a small nonprofit in the Arts, Culture & Humanities sector that reported $220K in total revenue in fiscal year 2022.

Mission

Together In Hope Project serves as a catalyst for healing and reconciliation through the transformative power of music. Together In Hope Project carries out its purpose by creating unique, music-anchored projects to address identified needs and opportunities for healing and reconciliation.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $219,338
Program Service Revenue $0
Investment Income $0
Other Revenue $860
TOTAL REVENUE $220,198

Expense Breakdown

Grants Paid $0
Salaries & Benefits $71,377
Fundraising Expenses $0
Program Expenses $202,510
Other Expenses $159,542
TOTAL EXPENSES $230,919

Year-over-Year Comparison

2022 2021 Change
Revenue $220,198 N/A N/A
Expenses $230,919 N/A N/A
Net Income $-10,721 $0 N/A
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

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Governance

Voting Members
3
Independent Members
3
Employees
2
Volunteers
65

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Gary Aamodt Director, President 20.00
Officer Director
$0 $0 $0
Celia Ellingson Director, Treasurer 20.00
Officer Director
$0 $0 $0
Diane Shelgren Director, Vice President 5.00
Officer 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
2022 $220,198 $230,919 $10,011 $-10,721
2018 $299,995 $268,889 $31,106 $31,106
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