HOPE AND HOME

EIN: 841467476 501(c)(3) Human Services

COLORADO SPRINGS, CO

Total Revenue
$6,608,264
Total Expenses
$3,972,605
Total Assets
$18,078,834
Net Assets
$15,660,970
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
CO
Principal Officer
ROSS WRIGHT
Phone
7195759887
Tax Period
2023-09-01 to 2024-08-31

HOPE AND HOME, founded in 1998, is a community nonprofit in the Human Services sector that reported $6.6M in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $2.6M, a strong 40% operating margin.

Mission

HOPE & HOME CREATES WAYS FOR AMAZING PEOPLE TO CHANGE THE LIVES OF CHILDREN IN FOSTER CARE. AS A NONDENOMINATIONAL CHRISTIAN CHARITY, HOPE & HOME TRAINS, CERTIFIES, AND ACTIVELY SUPPORTS FOSTER FAMILIES ACROSS THE STATE OF COLORADO. (CONTINUED ON SCHEDULE O)CHILDREN WHO HAVE EXPERIENCED ABUSE OR NEGLECT THAT ARE REMOVED FROM THEIR HOMES CAN BE PLACED WITH STABLE AND NURTURING FAMILIES UNTIL IT IS SAFE FOR THEM TO GO HOME, BE PLACED WITH A RELATIVE, OR BE GIVEN A FOREVER HOME THROUGH ADOPTION.

Program Service Accomplishments

Program 1
Expenses: $2,711,804 Revenue: $4,935,299

HOPE & HOME IS COMMITTED TO CREATING PERMANENCE FOR CHILDREN THROUGH STRONG, HEALTHY FAMILIES WHETHER THEY RETURN TO THEIR BIRTH PARENTS, A RELATIVE, OR ARE ADOPTED BY THEIR FOSTER FAMILY. TODAY...

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HOPE & HOME IS COMMITTED TO CREATING PERMANENCE FOR CHILDREN THROUGH STRONG, HEALTHY FAMILIES WHETHER THEY RETURN TO THEIR BIRTH PARENTS, A RELATIVE, OR ARE ADOPTED BY THEIR FOSTER FAMILY. TODAY, WE'VE TURNED FOSTER CARE UPSIDE DOWN AND HAVE EMERGED AS ONE OF THE LARGEST, MOST DYNAMIC CHILD PLACEMENT AGENCIES (CPAS) IN THE STATE OF COLORADO WITH HUNDREDS OF CHILDREN RESCUED FROM THE FOSTER CARE SYSTEM AND HAPPILY ADOPTED. EACH YEAR, WE PROVIDE SHORT- AND LONG-TERM, IN-FAMILY CARE TO HUNDREDS OF CHILDREN IN CRISIS. IN FY24, WE PLACED 295 NEW CHILDREN AND ON AVERAGE CARED FOR 219 CHILDREN DAILY. AT ANY GIVEN TIME, AROUND 200 FAMILIES ACROSS THE STATE ARE PROVIDING CARE FOR FOSTER CHILDREN, WITH ANOTHER 70 TYPICALLY IN THE PROCESS OF BECOMING CERTIFIED. (CONTINUED ON SCHEDULE O)ALONG THE WAY, WE'VE CREATED A PROGRAM WHERE CHILDREN IN FOSTER CARE ARE NURTURED AND TRULY CARED FOR, AND WHERE THE FOSTER PARENTS WHO GIVE THESE CHILDREN A HOME CAN DO SO WITH A LEVEL OF FRIENDLY, PROFESSIONAL SUPPORT NOT FOUND ANYWHERE ELSE. OUR STRENGTH COMES FROM OUR CHRISTIAN COMMITMENT TO CHILDREN, FROM OUR LARGE AND HIGHLY INVESTED COMMUNITY OF DONORS AND SUPPORTERS, AS WELL AS FROM OUR AMAZING FAMILIES WHO BELIEVE, AS WE DO, THAT NO CHILD SHOULD EVER FEEL LESS THAN LOVED. AT HOPE & HOME, WE WANT EVERY CHILD TO FEEL TRULY SPECIAL.

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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 $1,092,872
Program Service Revenue $4,935,249
Investment Income $580,093
Other Revenue $50
TOTAL REVENUE $6,608,264

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,778,761
Fundraising Expenses $304,164
Program Expenses $2,711,804
Other Expenses $1,193,844
TOTAL EXPENSES $3,972,605

Year-over-Year Comparison

2023 2022 Change
Revenue $6,608,264 $9,594,180 -0.3%
Expenses $3,972,605 $7,557,283 -0.5%
Net Income $2,635,659 $2,036,897 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
90
Volunteers
380

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
3
$389,609
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KATE LAUBACH CHAIR 3.00
Officer Director
$0 $0 $0
TERESITA TIRONA VICE CHAIR 2.00
Officer Director
$0 $0 $0
RAY DEENY DIRECTOR (TERM START 4/25/24) 1.00
Director
$0 $0 $0
KELLY DUFFY DIRECTOR 1.00
Director
$0 $0 $0
DR MATEEN ELASS DIRECTOR 1.00
Director
$0 $0 $0
CARRIE HOBAUGH DIRECTOR 1.00
Director
$0 $0 $0
CHERYL JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
GEORGE PEACORE DIRECTOR (TERM START 4/25/24) 1.00
Director
$0 $0 $0
NICOLAS SCHAEFER DIRECTOR 1.00
Director
$0 $0 $0
DR GEORGE CRESSWELL DIRECTOR EMERITUS (RESIGNED 4/24) 1.00
Director
$0 $0 $0
ROSS WRIGHT EXECUTIVE DIRECTOR 50.00
Officer
$238,446 $151,163 $389,609
JACQUELYN THURMAN CLINICAL & DEPUTY DIRECTOR 40.00
Highest
$128,834 $25,621 $154,455
JESSICA CONDRA CFO 40.00
Highest
$116,469 $9,524 $125,993
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
2025 No data No data No data No data
2024 $6,608,264 $3,972,605 $18,078,834 $2,635,659
2023 $9,594,180 $7,557,285 $15,066,637 $2,036,895
2022 $9,895,799 $7,894,377 $12,687,463 $2,001,422
2021 $8,915,988 $6,790,891 $11,035,795 $2,125,097
2020 $8,270,415 $5,783,473 $8,576,519 $2,486,942
2019 $6,218,412 $4,739,663 $5,911,917 $1,478,749
2018 $3,947,864 $3,584,617 $4,310,603 $363,247
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