IHOPE INC (EIN 823890494) - 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

TARUSA STEWART

Phone

4782833321

Tax Period

2024-01-01 to 2024-12-31

IHOPE INC, founded in 2017, is a community nonprofit in the Mutual Benefit sector that reported $1.8M in total revenue in fiscal year 2024. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $1.7M left a modest 5% surplus.

Mission

TO PROVIDE NON-CLINICAL COMMUNITY AND FAMILY RECOVERY CENTER FOR PERSONS ADDICTIVE TO OPIOIDS AND MEDICALLY ADDICTIVE PAIN RELATED DRUGS.

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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 $1,766,960

Program Service Revenue $0

Investment Income $62

Other Revenue $0

TOTAL REVENUE $1,767,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,223,855

Fundraising Expenses $0

Program Expenses $1,637,070

Other Expenses $447,055

TOTAL EXPENSES $1,670,910

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,767,022	$1,344,710	+0.3%
Expenses	$1,670,910	$966,389	+0.7%
Net Income	$96,112	$378,321	-0.7%

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

Total Directors

$2,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADRIA KITCHEN	TREASURER	2.00	Director	$2,500	$0	$2,500
DOROTHY LOWE	BOARD MEMBER	2.00	Director	$0	$0	$0
WILLIE MAY	BOARD MEMBER	2.00	Director	$0	$0	$0
JASON MCCLENDON	BOARD MEMBER	2.00	Director	$0	$0	$0
TARUSA STEWART	CEO	40.00	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	$1,767,022	$1,670,910	$398,659	$96,112
2023	$1,344,710	$1,414,191	$233,560	$-69,481
2022	$1,002,719	$966,389	$195,289	$36,330
2021	$514,418	$508,921	$114,655	$5,497
2020	$531,240	$480,219	$122,216	$51,021
2019	$487,354	$435,990	$77,601	$51,364

IHOPE INC