HOPE 365

EIN: 832886827 501(c)(3) Medical Research

MADISON HEIGHTS, MI

Total Revenue
$171,372
Total Expenses
$456,205
Total Assets
$135,339
Net Assets
$135,339
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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
MI
Principal Officer
DEBORAH MONROE
Phone
5862303040
Tax Period
2023-01-01 to 2023-12-31

HOPE 365, founded in 2019, is a small nonprofit in the Medical Research sector that reported $171K in total revenue in fiscal year 2023. Revenue fell 71% from the prior year — a significant decline worth monitoring. Expenses of $456K exceeded revenue, resulting in a 166% operating deficit.

Mission

TO HELP THOSE INDIGENT PEOPLE FROM AGES 19 AND ABOVE WITH MENTAL HEALTH ISSUES AND SYMPTOMS, TO PROVIDE PROGRAMS AND SERVICES FOR CRISIS AVERSION, RECOVERY EFFORT, SUPPORT SERVICES FOR THOSE VOLUNARILY SEEKING ASSISTANCE AND HELP, PEER TO PEER SERVICES, PEER RESPITE AND WELLNESS CENTER FOR AT RISK INDIVIDUALS, TO BREAK THE CYCLE OF LEARNED HELPLESSNESS AND CRISIS SERVICES RECIDIVISM TROUGH 24 HOURS PEER SUPPORT, SELF ADVOCACY EDUCATION AND SELF HELP TRAININGS.

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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 $171,372
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $171,372

Expense Breakdown

Grants Paid $0
Salaries & Benefits $377,597
Fundraising Expenses $0
Other Expenses $78,608
TOTAL EXPENSES $456,205

Year-over-Year Comparison

2023 2022 Change
Revenue $171,372 $589,313 -0.7%
Expenses $456,205 $381,324 +0.2%
Net Income $-284,833 $207,989 -2.4%
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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
N/A
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
1
$53,595
Total Directors
1
$53,595
Key Employees
1
$53,595
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEBORAH MONROE DIRECTOR 040.00
Officer Director Key Emp
$53,595 $0 $53,595
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 $171,372 $456,205 $135,339 $-284,833
2023 $171,372 $456,205 $135,339 $-284,833
2022 $589,313 $381,324 $420,172 $207,989
2021 $278,493 $73,068 $205,768 $205,425
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