House of Hope Midwest (EIN 842064036) - Form 990 Financial Analysis & Trantor Score

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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

Elizabeth Turner

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

House of Hope Midwest, founded in 2019, is a small nonprofit in the Human Services sector that reported $267K in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. The organization ran a surplus of $52K, a strong 19% operating margin.

Mission

The House of Hope is dedicated to serving individuals, families, and our community by providing a hand up into a hope-filled 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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $241,940

Program Service Revenue $7,507

Investment Income $0

Other Revenue $17,572

TOTAL REVENUE $267,019

Expense Breakdown

Grants Paid $105,160

Salaries & Benefits $8,209

Fundraising Expenses $1,431

Program Expenses $206,381

Other Expenses $101,605

TOTAL EXPENSES $214,974

Year-over-Year Comparison

	2023	2022	Change
Revenue	$267,019	$299,547	-0.1%
Expenses	$214,974	$311,274	-0.3%
Net Income	$52,045	$-11,727	-5.4%

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
Elizabeth Turner	President	20.00	Officer Director	$0	$0	$0
Alan Dietrich	Director	5.00	Director	$0	$0	$0
Loretta Hibbs	Director	5.00	Director	$0	$0	$0
Dina Rizzo	Director	5.00	Director	$0	$0	$0
Jessica Raymond	Secretary	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	No data	No data	No data	No data
2023	$267,019	$214,974	$1,456,712	$52,045
2022	$299,547	$311,274	$1,466,459	$-11,727
2022	$326,731	$338,458	$27,959	$-11,727
2021	$332,957	$337,558	$38,837	$-4,601
2020	$2,223,385	$2,268,306	$43,788	$-44,921

House of Hope Midwest