HOPE HOUSE MINISTRIES INC

EIN: 841729945 501(c)(3) Mental Health

Ravenswood, WV

Total Revenue
$526,211
Total Expenses
$453,144
Total Assets
$238,851
Net Assets
$159,953
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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
2020
Legal Domicile
WV
Principal Officer
JESSICA HAYNES
Phone
3045319678
Tax Period
2024-01-01 to 2024-12-31

HOPE HOUSE MINISTRIES INC, founded in 2020, is a small nonprofit in the Mental Health sector that reported $526K in total revenue in fiscal year 2024. Revenue surged 87% from the prior year, signaling strong growth momentum. Expenses of $453K left a modest 14% surplus.

Mission

HELPING SUBSTANCE ABUSE PEOPLE TO BETTER THEMSELVES, PHYSICALLY AND MENTALLY. HELP TO GET ON THE RIGHT TRACK FOR A BETTER FUTURE

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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 (2024)

Revenue Breakdown

Contributions & Grants $516,910
Program Service Revenue $0
Investment Income $1
Other Revenue $9,300
TOTAL REVENUE $526,211

Expense Breakdown

Grants Paid $0
Salaries & Benefits $219,812
Fundraising Expenses $0
Program Expenses $453,144
Other Expenses $233,332
TOTAL EXPENSES $453,144

Year-over-Year Comparison

2024 2023 Change
Revenue $526,211 $281,657 +0.9%
Expenses $453,144 $281,238 +0.6%
Net Income $73,067 $419 +173.4%
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
5
Independent Members
N/A
Employees
5
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
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE WILEY PRESIDENT 010.00
Director
$0 $0 $0
JAMES DEAN SECRETERY 040.00
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
2024 $526,211 $453,144 $238,851 $73,067
2023 $281,657 $281,238 $169,003 $419
2022 $205,645 $174,138 $165,960 $31,507
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