RECLAIMED HOPE INITIATIVE

EIN: 842649694 501(c)(3) Health Care

CHARLOTTESVILLE, VA

Total Revenue
$574,856
Total Expenses
$607,446
Total Assets
$35,183
Net Assets
$34,855
🔒

Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
VA
Principal Officer
ALLISON SPILLMAN
Phone
4342182065
Tax Period
2024-01-01 to 2024-12-31

RECLAIMED HOPE INITIATIVE, founded in 2019, is a small nonprofit in the Health Care sector that reported $269K in total revenue in fiscal year 2022. Expenses of $251K left a modest 7% surplus.

Mission

IT IS THE MISSION, DUTY AND PURPOSE OF RECLAIMED HOPE INITIATIVE TO PROVIDE REST, EDUCATION, THERAPEUTIC RESOURCES AND A PLACE OF SAFETY FOR FAMILIES DURING TIMES OF TRAUMA, CRISIS AND HARDSHIP DUE TO ADVERSE CHILDHOOD EXPERIENCES, SECONDARY TRAUMATIC STRESS, AND/OR CONSISTENT FAMILY ADVERSITY DUE TO MEDICAL, EMOTIONAL AND/OR PHYSICAL NEEDS. OUR GOAL IS TO HELP FAMILIES RECLAIM HOPE, FEEL EMPOWERED, AND COME OUT ON THE OTHER SIDE STRONGER, BETTER EQUIPPED, AND MORE CONFIDENT NOT ONLY TO PARENT THEIR CHILDREN, BUT CHAMPION THEIR DREAMS AS A FAMILY.

🔒

Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $453,955
Program Service Revenue $131,942
Investment Income $626
Other Revenue $-11,667
TOTAL REVENUE $574,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $270,014
Fundraising Expenses $56,477
Program Expenses $425,069
Other Expenses $315,932
TOTAL EXPENSES $607,446

Year-over-Year Comparison

2024 2023 Change
Revenue $574,856 $497,960 +0.2%
Expenses $607,446 $537,701 +0.1%
Net Income $-32,590 $-39,741 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
6
Independent Members
6
Employees
9
Volunteers
95

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
5
$27,692
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETTINA STEVENS EXEC DIRE TO 80.00
Officer
$27,692 $0 $27,692
ALLISON SPILLMAN ACTING ED 40.00
Officer Director
$0 $0 $0
DR KENNETH NORWOOD CHAIR 2.00
Officer Director
$0 $0 $0
MARNIE ALLEN VICE-CHAIR 2.00
Officer Director
$0 $0 $0
STEPHANIE MCNERNEY SECRETARY 2.00
Officer Director
$0 $0 $0
BEN ALLEN BOARD MEMBER 2.00
Director
$0 $0 $0
KERRY HEILMAN BOARD MEM TO 2.00
Director
$0 $0 $0
CICELY SHELTON-BARNES BOARD MEMBER 2.00
Director
$0 $0 $0
JENNIFER SLAUGHTER BOARD MEM TO 2.00
Director
$0 $0 $0
DR LUCIA TEJADA BOARD MEM TO 2.00
Director
$0 $0 $0
SKIP WHITE BOARD MEM TO 2.00
Director
$0 $0 $0
ASHLEY WOOD BOARD MEMBER 2.00
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 $574,856 $607,446 $35,183 $-32,590
2023 $497,960 $537,701 $71,398 $-39,741
2022 $276,483 $250,766 $108,423 $25,717
2022 $269,398 $250,737 $101,367 $18,661
Explore More Nonprofits
Top 100 Nonprofits in Virginia Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare RECLAIMED HOPE INITIATIVE with other nonprofits in Virginia and across the country.