HOPE 3 FOUNDATION

EIN: 834354181 501(c)(3) Education

REDMOND, WA

Total Revenue
$218,874
Total Expenses
$172,049
Total Assets
$138,717
Net Assets
$138,717
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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
WA
Tax Period
2023-01-01 to 2023-12-31

HOPE 3 FOUNDATION, founded in 2019, is a small nonprofit in the Education sector that reported $219K in total revenue in fiscal year 2023. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $47K, a strong 21% operating margin.

Mission

TO PROVIDE A POSITIVE, NON-REGIONAL,NON-POLITICAL, NON-COMMERCIAL AND SAFE ENVIRONMENT FOR COMPREHENSIVE AND HIGH QUALITY LEARNING AND SHARING OPPORTUNITIES FOR COMMUNITY WHO ARE IN NEED OF SEEKING,CONTINUING OR FINISHING THEIR EDUCATION IN WASHINGTON AND OTHER STATES IN THE USA.

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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 $218,874
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $218,874

Expense Breakdown

Grants Paid $67,028
Salaries & Benefits $0
Fundraising Expenses $93,422
Program Expenses $67,238
Other Expenses $105,021
TOTAL EXPENSES $172,049

Year-over-Year Comparison

2023 2022 Change
Revenue $218,874 $139,715 +0.6%
Expenses $172,049 $95,952 +0.8%
Net Income $46,825 $43,763 +0.1%
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
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PALANIAPPAN VAIRAVAN PRESIDENT 20.00
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 No data No data No data No data
2023 $218,874 $172,049 $138,717 $46,825
2022 $139,715 $95,952 $91,892 $43,763
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