HOPELOFT A NJ NONPROFIT CORPORATION (EIN 843927042) - 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

MELISSA HELMBRECHT

Phone

8562435810

Tax Period

2023-01-01 to 2023-12-31

HOPELOFT A NJ NONPROFIT CORPORATION, founded in 2020, is a community nonprofit in the Community Improvement sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 26% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

TO INVEST IN COMMUNITIES BY WORKING ALONGSIDE PEOPLE AND PROJECTS WHO INSPIRE CHANGE, ADVOCATE FOR SOCIAL JUSTICE, AND COMMIT TO MEETING THE IMMEDIATE NEEDS OF LOCAL CHILDREN AND FAMILIES. HOPELOFT'S VISION IS TO CREATE OPPORTUNITIES FOR OUR COMMUNITIES TO THRIVE, AND REPLICATE OUR MODEL ACROSS THE NATION AND AROUND THE GLOBE.

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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 $1,097,165

Program Service Revenue $0

Investment Income $0

Other Revenue $34,516

TOTAL REVENUE $1,131,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $932,734

Fundraising Expenses $0

Program Expenses $984,718

Other Expenses $153,549

TOTAL EXPENSES $1,086,283

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,131,681	$898,624	+0.3%
Expenses	$1,086,283	$882,326	+0.2%
Net Income	$45,398	$16,298	+1.8%

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
RICHELLE BAUGHN	PRESIDENT	5.00	Officer	$0	$0	$0
MOISE V VELA JR	TRUSTEE	5.00	Director	$0	$0	$0
LUKE REPICI	TRUSTEE	5.00	Director	$0	$0	$0
DARLEEN ANDFIELD	TRUSTEE	5.00	Director	$0	$0	$0
WILLIAM HELMBRECHT	TRUSTEE	5.00	Director	$0	$0	$0
MICHELLE RUTKOWSKI	TRUSTEE	5.00	Director	$0	$0	$0
MELISSA HELMBRECHT	EXECUTIVE DI	40.00	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	No data	No data	No data	No data
2023	$1,131,681	$1,086,283	$758,446	$45,398
2022	$759,666	$829,525	$466,133	$-69,859
2022	$898,624	$882,326	$691,034	$16,298
2021	$205,028	$104,784	$1,063,694	$100,244
2021	$182,777	$114,068	$613,245	$68,709

HOPELOFT A NJ NONPROFIT CORPORATION