Idahope Families Inc (EIN 844519532) - 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

Daren Parsons

Phone

2082957233

Tax Period

2023-01-01 to 2023-12-31

Idahope Families Inc, founded in 2020, is a small nonprofit in the Human Services sector that reported $162K in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. Expenses of $140K left a modest 13% surplus.

Mission

IdaHope Families is a nonprofit ministry of Jesus Christ that empowers local church communities to provide compassionate support to families in crisis.

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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 $174,641

Program Service Revenue $0

Investment Income $0

Other Revenue $-12,603

TOTAL REVENUE $162,038

Expense Breakdown

Grants Paid $0

Salaries & Benefits $83,930

Fundraising Expenses $1,079

Program Expenses $83,149

Other Expenses $56,277

TOTAL EXPENSES $140,207

Year-over-Year Comparison

	2023	2022	Change
Revenue	$162,038	$119,772	+0.4%
Expenses	$140,207	$140,859	0.0%
Net Income	$21,831	$-21,087	-2.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chris Bassett	Board Chair	002.00	Director	$0	$0	$0
Daren Parsons	Treasurer	002.00	Director	$0	$0	$0
Richard Young	Secretary	002.00	Director	$0	$0	$0
Ken Fry	Member	002.00	Director	$0	$0	$0
Kimberley Velazquez	Member	002.00	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	$162,038	$140,207	$44,760	$21,831
2023	$162,038	$140,207	$44,760	$21,831

Idahope Families Inc