VARIETY IS HOPE (EIN 842240270) - 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

SCOTT HOOTEN

Tax Period

2021-01-01 to 2021-12-31

VARIETY IS HOPE, founded in 2019, is a small nonprofit that reported $222K in total revenue in fiscal year 2021. Revenue decreased 20% compared to the prior year.

Mission

OUR MISSION IS REFLECTED IN OUR NAME, WHICH EMBODIES BOTH THE DIVERSE POOL OF TALENTED ENTERTAINERS THAT HELP BRING OUR EVENTS TO LIFE, AS WELL AS THE DISTINGUISHING VARIETY LABEL THAT IS USED ON TWITCH.TV FOR INNOVATIVE CONTENT CREATORS. WE WEAR OUR MESSAGE OF HOPE ON OUR SLEEVE IN OUR COMMITMENT TO "HELPING OTHERS, PLAYING EVERYTHING".

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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 (2021)

Revenue Breakdown

Contributions & Grants $6,000

Program Service Revenue $0

Investment Income $0

Other Revenue $215,727

TOTAL REVENUE $221,727

Expense Breakdown

Grants Paid $229,735

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $229,735

Other Expenses $8,349

TOTAL EXPENSES $238,084

Year-over-Year Comparison

	2021	2020	Change
Revenue	$221,727	$275,480	-0.2%
Expenses	$238,084	$266,721	-0.1%
Net Income	$-16,357	$8,759	-2.9%

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
ERNEST BAGHDASARYAN	DIRECTOR	N/A	Director	$0	$0	$0
LIZ GELLERT	DIRECTOR	N/A	Director	$0	$0	$0
SCOTT HOOTEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
NATALIE JONES	SECRETARY	N/A	Officer Director	$0	$0	$0
STEPHANIE OSTLER	TREASURER	N/A	Officer Director	$0	$0	$0
ROBERT SCHNEIDER	DIRECTOR	N/A	Director	$0	$0	$0
RYAN STEERE	DIRECTOR	N/A	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
2021	$221,727	$238,084	No data	$-16,357
2020	$275,480	$266,721	$16,357	$8,759
2019	$64,502	$56,904	$7,598	$7,598

VARIETY IS HOPE