HOPE FOUNDATION OF BINGHAMTON INC (EIN 830977299) - 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

2019

Legal Domicile

Principal Officer

MICHAEL GANCE

Phone

6072224404

Tax Period

2022-01-01 to 2022-12-31

HOPE FOUNDATION OF BINGHAMTON INC, founded in 2019, is a micro nonprofit in the Religion sector that reported $84K in total revenue in fiscal year 2022. Revenue fell 61% from the prior year — a significant decline worth monitoring. Expenses of $78K left a modest 8% surplus.

Mission

THE ENTITY PROVIDES A NINE TO TWELVE MONTH RESIDENTIAL DISCIPLINESHIP AND RECOVERY PROGRAM THAT MINISTERS TO INDIVIDUALS WITH SITUATIONS SUCH AS POST INCARCERATION,ADDICTION,SEX-TRAFFICING AND HOMELESSNESS.THE ENTITY ALSO SPONSORS A SUMMER CAMP PROGRAM PROVIDING A SAFE HAVEN FOR CHILDREN IN THE FOSTER CARE SYSTEM.

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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 (2022)

Revenue Breakdown

Contributions & Grants $85,798

Program Service Revenue $0

Investment Income $-3,586

Other Revenue $1,911

TOTAL REVENUE $84,123

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,139

Fundraising Expenses $0

Program Expenses $62,088

Other Expenses $40,622

TOTAL EXPENSES $77,761

Year-over-Year Comparison

	2022	2021	Change
Revenue	$84,123	$217,799	-0.6%
Expenses	$77,761	$68,262	+0.1%
Net Income	$6,362	$149,537	-1.0%

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

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
WILLIAM HAMPTON	PRESIDENT	0.30	Officer Director	$0	$0	$0
JOHN GARTMAN	EXECUTIVE DIRECTOR	10.00	Officer Director	$0	$0	$0
JOHN SNIDER	SECRETARY	0.30	Officer Director	$0	$0	$0
MICHAEL GANCE	TREASURER	1.00	Officer Director	$0	$0	$0
RON MANWARRING	BOARD MEMBER	0.30	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
2022	$84,123	$77,761	$313,368	$6,362
2021	$217,799	$68,262	$307,368	$149,537

HOPE FOUNDATION OF BINGHAMTON INC