RESOURCES OF HOPE INC (EIN 830840230) - 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

2018

Legal Domicile

Principal Officer

Renae Furnee

Phone

3173004757

Tax Period

2023-01-01 to 2023-12-31

RESOURCES OF HOPE INC, founded in 2018, is a small nonprofit in the Human Services sector that reported $219K in total revenue in fiscal year 2023. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $99K, a strong 45% operating margin.

Mission

Resources of Hope stands with dedicated caregivers, providing unwavering support and essential resources to youth in foster and kinship care throughout Indiana.

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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 $175,520

Program Service Revenue $0

Investment Income $0

Other Revenue $43,060

TOTAL REVENUE $218,580

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,690

Fundraising Expenses $11,149

Program Expenses $60,374

Other Expenses $67,835

TOTAL EXPENSES $119,525

Year-over-Year Comparison

	2023	2022	Change
Revenue	$218,580	$128,143	+0.7%
Expenses	$119,525	$93,578	+0.3%
Net Income	$99,055	$34,565	+1.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Renae Furnee	Executive Director	45.00	Highest	$32,307	$0	$32,307
Heidi Guilkey	Operations Manager	14.00		$9,971	$0	$9,971
Nikkole Seal	Executive Assistant	20.00		$5,737	$0	$5,737
Lisa Soeurt	Board Member	5.00		$0	$0	$0
Jesse Waninger	Board of Director Treasurer	5.00		$0	$0	$0
Summer Huber	Board of Director President, Founder	5.00		$0	$0	$0
Kara Cecil	Board of Director Vice-President	5.00		$0	$0	$0
Chuck Smith	Board Member	5.00		$0	$0	$0
Emily Ellis	Board Member	5.00		$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
2023	$218,580	$119,525	$226,468	$99,055

RESOURCES OF HOPE INC