REFUGEE HOPE PARTNERS INC

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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

2018

Legal Domicile

Principal Officer

MICHELE SUFFRIDGE

Phone

9196320691

Tax Period

2023-01-01 to 2023-12-31

REFUGEE HOPE PARTNERS INC, founded in 2018, is a community nonprofit in the Human Services sector that reported $1.7M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $1.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

TO ENGAGE, EQUIP, AND ENCOURAGE OUR REFUGEE NEIGHBORS SO THAT ALL MAY THRIVE.

Program Service Accomplishments

Program 1

Expenses: $1,510,611 Revenue: $1,264

IN 2023, RHP SERVED OVER 1800 REFUGEES FROM 65 DIFFERENT COUNTRIES THROUGH A VARIETY OF PROGRAMS SUCH AS HOMEWORK HELP, ENGLISH AS A SECOND LANGUAGE FOR ADULTS, THE BRIDGE MENTORSHIP PROGRAM FOR...

IN 2023, RHP SERVED OVER 1800 REFUGEES FROM 65 DIFFERENT COUNTRIES THROUGH A VARIETY OF PROGRAMS SUCH AS HOMEWORK HELP, ENGLISH AS A SECOND LANGUAGE FOR ADULTS, THE BRIDGE MENTORSHIP PROGRAM FOR JUNIORS/SENIORS IN HIGH SCHOOL, MEDICAL COORDINATION, AND EARLY LEARNING CLUB FOR 3 AND 4 YEAR OLDS. AS A FAITH BASED ORGANIZATION, RHP ALSO PROVIDES BIBLE STUDY FOR INTERESTED COMMUNITY MEMBERS. THE PURPOSE OF THESE PROGRAMS IS TO ENGAGE, EQUIP, AND ENCOURAGE REFUGEE FAMILIES AS THEY ACCLIMATE TO LIFE IN THE US SO THAT ALL MAY THRIVE.

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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 $1,391,546

Program Service Revenue $0

Investment Income $5,898

Other Revenue $280,866

TOTAL REVENUE $1,678,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,416,245

Fundraising Expenses $155,038

Program Expenses $1,510,611

Other Expenses $501,016

TOTAL EXPENSES $1,917,261

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,678,310	$1,314,414	+0.3%
Expenses	$1,917,261	$1,520,042	+0.3%
Net Income	$-238,951	$-205,628	+0.2%

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

Volunteers

350

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

$112,379

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT SIGMON	TREASURER	1.00	Officer Director	$0	$0	$0
ERIN FOLZ	SECRETARY	1.00	Officer Director	$0	$0	$0
DANIEL HEBDA	BOARD MEMBER	1.00	Director	$0	$0	$0
DANIEL LEE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL RISNER	BOARD MEMBER	1.00	Director	$0	$0	$0
JOE STOFFREGEN 11123-CURRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
ASHLEY NOIA 11123-CURRENT	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE BALLARD	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHELE SUFFRIDGE	EXECUTIVE DIRECTOR	45.00	Officer	$112,379	$0	$112,379

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$1,678,310	$1,917,261	$581,914	$-238,951
2022	$1,314,414	$1,520,042	$614,091	$-205,628
2021	$1,335,709	$869,331	$791,021	$466,378
2020	$778,828	$508,255	$311,097	$270,573
2019	$272,932	$292,071	$41,617	$-19,139