Friends of Hopewell House

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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

Lesley Sacks

Phone

5038947560

Tax Period

2024-01-01 to 2024-12-31

Friends of Hopewell House, founded in 2019, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.5M in total revenue in fiscal year 2024. Net assets of $5.2M represent 25 months of operating reserves.

Mission

Friends of Hopewell House operates exclusively for to serve as a public charity to raise awareness of and provide support for comprehensive end-of-life care programs with a primary objective of operating and sustaining a hospice-focused residential care facility.

Program Service Accomplishments

Program 1

Expenses: $2,276,023 Revenue: $1,584,632

Hopewell House began accepting Residents in January of 2023 and has since then and specifically throughout 2024 operated in accordance with its stated mission.

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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 (2024)

Revenue Breakdown

Contributions & Grants $794,595

Program Service Revenue $1,581,049

Investment Income $81,367

Other Revenue $3,584

TOTAL REVENUE $2,460,595

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,008,285

Fundraising Expenses $107,518

Program Expenses $2,276,023

Other Expenses $494,550

TOTAL EXPENSES $2,509,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,460,595	$2,553,626	0.0%
Expenses	$2,509,635	$2,200,661	+0.1%
Net Income	$-49,040	$352,965	-1.1%

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

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
Sarah Newhall	President	20.00	Officer Director	$0	$0	$0
Tom Heckler	Treasurer	20.00	Officer Director	$0	$0	$0
Eric Walsh	Secretary	10.00	Officer Director	$0	$0	$0
Scott MacEachern	Board Member	10.00	Director	$0	$0	$0
John Larkin	Vice President	20.00	Officer Director	$0	$0	$0
Constance Larkin	Board Member	10.00	Director	$0	$0	$0
Stefan Clayton	Board Member	10.00	Director	$0	$0	$0
Todd DeNeffe	Board Member	10.00	Director	$0	$0	$0
Sheryl Greiner	Board Member	10.00	Director	$0	$0	$0
Jackie King	Board Member	10.00	Director	$0	$0	$0
Elizabeth Layton	Board Member	10.00	Director	$0	$0	$0
Eriko Onishi	Board Member	10.00	Director	$0	$0	$0
Sarah Quist	Board Member	10.00	Director	$0	$0	$0
Barbara Coombs Lee	Board Member	10.00	Director	$0	$0	$0
Beth Cavenaugh	Board member	10.00	Director	$0	$0	$0
Lesley Sacks	Executive Director	40.00	Highest	$130,400	$0	$130,400
Melissa Busch	Health Services Director	40.00	Highest	$106,629	$0	$106,629

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	$2,460,595	$2,509,635	$5,748,958	$-49,040
2023	$2,553,626	$2,200,661	$6,318,860	$352,965
2022	$4,108,318	$693,553	$5,778,662	$3,414,765
2021	$1,257,202	$367,999	$1,445,465	$889,203
2020	$598,848	$49,822	$549,340	$549,026