Hopebound Mental Health (EIN 844008940) - 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

Phone

4045076149

Tax Period

2024-01-01 to 2024-12-31

Hopebound Mental Health, founded in 2019, is a small nonprofit in the Mental Health sector that reported $817K in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

HOPEBOUND PROVIDES ADOLESCENTS FROM MARGINALIZED COMMUNITIES WITH IN-PERSON OR VIDEO-BASED MENTAL HEALTH COUNSELING, FREE OF CHARGE OR AT LOW COST, PROVIDED BY SUPERVISED MENTAL HEALTH CLINICIAN INTERNS.

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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 $812,514

Program Service Revenue $4,250

Investment Income $57

Other Revenue $0

TOTAL REVENUE $816,821

Expense Breakdown

Grants Paid $0

Salaries & Benefits $438,610

Fundraising Expenses $82,530

Program Expenses $412,648

Other Expenses $386,686

TOTAL EXPENSES $825,296

Year-over-Year Comparison

	2024	2023	Change
Revenue	$816,821	$662,392	+0.2%
Expenses	$825,296	$908,104	-0.1%
Net Income	$-8,475	$-245,712	-1.0%

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

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

$108,886

Total Directors

$108,886

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Terrill McFarland	CEO	40.00	Officer Director	$75,961	$0	$75,961
Christina Guilbeau	Interim Treas	20.00	Officer Director	$32,925	$0	$32,925
Angela Howard	Board Chair	1.50	Officer Director	$0	$0	$0
Whitney Robertson	Vice Chair	1.50	Director	$0	$0	$0
Melinda King	Vice Chair	1.50	Director	$0	$0	$0
Ashley Harmon	Secretary	1.50	Officer Director	$0	$0	$0
Michael Stevens	Executive Dir.	40.00	Officer 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	$816,821	$825,296	$274,003	$-8,475
2023	$662,392	$908,104	$276,992	$-245,712
2022	$429,043	$544,486	$522,474	$-115,443
2021	$587,558	$297,087	$643,225	$290,471
2020	$439,377	$93,900	$374,904	$345,477

Hopebound Mental Health