The Hope Center for Families (EIN 843623559) - 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

2020

Legal Domicile

Principal Officer

Vanessa Ward

Phone

9377238254

Tax Period

2024-01-01 to 2024-12-31

The Hope Center for Families, founded in 2020, is a micro nonprofit in the Community Improvement sector that reported $97K in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $460K exceeded revenue, resulting in a 375% operating deficit.

Mission

Construction of The Hope Center for Families.

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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 $0

Program Service Revenue $0

Investment Income $0

Other Revenue $96,746

TOTAL REVENUE $96,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $459,875

TOTAL EXPENSES $459,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$96,746	$82,938	+0.2%
Expenses	$459,875	$501,467	-0.1%
Net Income	$-363,129	$-418,529	-0.1%

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

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

$174,095

Total Directors

$174,095

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Vanessa Ward	Board Chair	2.00	Officer Director	$0	$0	$174,095
Debbie Watts-Robinson	Secretary	2.00	Officer Director	$0	$0	$0
Holly Wiggins	Treasurer	2.00	Officer Director	$0	$0	$0
Paul Humble	Board Member	2.00	Director	$0	$0	$0
Yvette Kelly-Fields	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	$96,746	$459,875	$10,037,579	$-363,129
2023	$82,938	$501,467	$10,388,331	$-418,529
2022	$60,991	$429,531	$10,945,102	$-368,540
2021	$74	$18,627	$11,225,710	$-18,553
2020	$7	$150	$11,369,659	$-143

The Hope Center for Families