SPIRIT OF HOPE FOUNDATION INC

EIN: 830485548 501(c)(3)

ENGLEWOOD, CO

Total Revenue
$308
Total Expenses
$103,107
Total Assets
N/A
Net Assets
N/A
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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
2007
Legal Domicile
CO
Principal Officer
CAROL BOUCHARD
Phone
3033356203
Tax Period
2020-01-01 to 2020-12-31

SPIRIT OF HOPE FOUNDATION INC, founded in 2007, is a micro nonprofit that reported $308 in total revenue in fiscal year 2020. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $103K exceeded revenue, resulting in a 33376% operating deficit.

Mission

H.O.P.E.'S MISSION IS TO SUPPORT THOSE IN NEED LIVIING IN THE DEVER-METRO AREA THROUGH COORDINATION OF COMMUNITY RESOURCES. H.O.P.E. IMPLEMENTS THIS MISSION FROM A FOOD PANTRY IN LAKEWOOD, CO THAT SERVED 10,046 PEOPOLE IN 2013.

Program Service Accomplishments

Program 1
Expenses: $53,302

H.O.P.E. STRIVES TO MEET THE BASIC HUMAN NEEDS AND SPIRIT OF LOW-INCOME INDIVIDUALS AND FAMILES LIVING IN METRO-DENVER AREA BY PROVIDING FOOD, CLOTHING, AND OTHER ESSENTIAL ITEMS AND EMOTIONAL...

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H.O.P.E. STRIVES TO MEET THE BASIC HUMAN NEEDS AND SPIRIT OF LOW-INCOME INDIVIDUALS AND FAMILES LIVING IN METRO-DENVER AREA BY PROVIDING FOOD, CLOTHING, AND OTHER ESSENTIAL ITEMS AND EMOTIONAL SUPPORT. H.O.P.E. ACHIEVES ITS GOALS THOURGH VARIOUS PROGRAMS INCLUDING: H.O.P.E.'S PANTRY, FOOD SHARE, H.O.P.E 'S CLOSET, THE H.O.P.E. RELIEF FUND, GARDEN OF H.O.P.E. AND AFFORDABLE, WHEELCHAR ACCESSIBLE HOUSING. H.O.P.E. PROVIDED SERVICES THROUGH THESE PROGRAMS TO OVER 10,046 PEOPLE IN 2013.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $308
Other Revenue $0
TOTAL REVENUE $308

Expense Breakdown

Grants Paid $50,000
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $53,302
Other Expenses $53,107
TOTAL EXPENSES $103,107

Year-over-Year Comparison

2020 2019 Change
Revenue $308 $575,482 -1.0%
Expenses $103,107 $328,490 -0.7%
Net Income $-102,799 $246,992 -1.4%
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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Governance

Voting Members
7
Independent Members
N/A
Employees
N/A
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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVE ABREU DIRECTOR N/A
Director
$0 $0 $0
NEIL AVERVAIS DIRECTOR N/A
Director
$0 $0 $0
CAROL BOUCHARD PRESIDENT N/A
Officer Director
$0 $0 $0
PETER JONES DIRECTOR N/A
Director
$0 $0 $0
CATHERINE MCHENRY DIRECTOR N/A
Officer Director
$0 $0 $0
BOB MUNI DIRECTOR N/A
Director
$0 $0 $0
MARK RYAN TREASURER N/A
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
2020 $308 $103,107 No data $-102,799
2018 $629,357 $743,119 $435,497 $-113,762
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