Hendricks HOPE Foundation Inc

EIN: 831366716 501(c)(3) Human Services

Gwynn Oak, MD

Total Revenue
$22,559
Total Expenses
$25,926
Total Assets
$3,723
Net Assets
$3,723
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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
MD
Principal Officer
TYRICA HENDRICKS
Phone
4439923453
Tax Period
2023-01-01 to 2023-12-31

Hendricks HOPE Foundation Inc, founded in 2018, is a micro nonprofit in the Human Services sector that reported $23K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $26K exceeded revenue, resulting in a 15% operating deficit.

Mission

We are dedicated to creating better opportunities and empowering kids in foster care

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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 (2023)

Revenue Breakdown

Contributions & Grants $22,559
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $22,559

Expense Breakdown

Grants Paid $12,137
Salaries & Benefits $0
Fundraising Expenses $10,846
Program Expenses $12,137
Other Expenses $2,943
TOTAL EXPENSES $25,926

Year-over-Year Comparison

2023 2022 Change
Revenue $22,559 $17,450 +0.3%
Expenses $25,926 $16,903 +0.5%
Net Income $-3,367 $547 -7.2%
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

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Governance

Voting Members
5
Independent Members
5
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
0
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TYRICIA HENDRICKS FOUNDER PRESIDENT N/A
Director
$0 $0 $0
NICOLE FAISON TREASURER N/A
Director
$0 $0 $0
DENISE SAULSBURY Board Member N/A
Director
$0 $0 $0
JORDAN HENDRICKS Board Member N/A
Director
$0 $0 $0
STACEY QUEEN BOARD SECRETARY N/A
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
2023 $22,559 $25,926 $3,723 $-3,367
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