HOPE MISSION FOUNDATION

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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

JOHN SOTIRKYS

Phone

2522402359

Tax Period

2024-01-01 to 2024-12-31

HOPE MISSION FOUNDATION, founded in 2019, is a small nonprofit in the Human Services sector that reported $759K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $1.1M exceeded revenue, resulting in a 48% operating deficit.

Mission

ADDRESS THE NEEDS OF POVERTY, HOMELESSNESS AND SUBSTANCE ABUSE IN CARTERET COUNTY AND SURROUNDING AREAS.

Program Service Accomplishments

Program 1

Expenses: $1,122,093

MAINTANED RENTAL PROPERTIES FOR THE BENEFIT OF HOPE MISSION THRIFT STORE AND HOPE MISSION OF CARTERET COUNTY TO ADDRESS THE NEEDS OF POVERTY, HOMELESSNESS, AND SUBSTANCE ABUSE IN CARTERET COUNTY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $642,724

Program Service Revenue $0

Investment Income $2,956

Other Revenue $113,200

TOTAL REVENUE $758,880

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,122,093

Other Expenses $1,122,093

TOTAL EXPENSES $1,122,093

Year-over-Year Comparison

	2024	2023	Change
Revenue	$758,880	$675,768	+0.1%
Expenses	$1,122,093	$415,018	+1.7%
Net Income	$-363,213	$260,750	-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

Governance

Voting Members

Independent Members

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF BARAN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BUFF CHALK	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD G MCLENDON	EXECUTIVE DI	N/A	Officer Director	$0	$0	$0
DR JOSEPH NUTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
MARK SHOUSE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SOTIRKYS	CEO	5.00	Officer	$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
2024	$758,880	$1,122,093	$1,789,588	$-363,213
2023	$675,768	$415,018	$1,752,801	$260,750
2022	$472,445	$400,453	$1,901,920	$71,992
2021	$415,945	$153,498	$1,944,983	$262,447
2020	$619,640	$129,795	$2,118,677	$489,845