HOPEWORKS (EIN 850338552) - 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

1985

Legal Domicile

Principal Officer

PAT DEE

Phone

5052424399

Tax Period

2023-07-01 to 2024-06-30

HOPEWORKS, founded in 1985, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $9.9M left a modest 7% surplus.

Mission

To provide a place where homeless people could come and gain protection from the elements and provide for many other basic needs, such as meals, showers, clothing and health care. Also, to provide various services to homeless people such as counseling and housing alternatives.

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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 $7,125,778

Program Service Revenue $3,383,750

Investment Income $180,426

Other Revenue $0

TOTAL REVENUE $10,689,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,220,437

Fundraising Expenses $178,485

Program Expenses $7,811,819

Other Expenses $4,711,298

TOTAL EXPENSES $9,931,735

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,689,954	$9,014,385	+0.2%
Expenses	$9,931,735	$8,830,394	+0.1%
Net Income	$758,219	$183,991	+3.1%

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

137

Volunteers

250

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

$101,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEON DIXON	CEO	40.00	Officer	$101,585	$0	$101,585
PAT DEE	President	0.00	Officer Director	$0	$0	$0
AMY BROWN	Treasurer	0.00	Officer Director	$0	$0	$0
SANJAY ENGINEER	Director	0.00	Director	$0	$0	$0
ERIC SHIMAMOTO	Director	0.00	Director	$0	$0	$0
MARISA MAGALLANEZ	Secretary	0.00	Officer Director	$0	$0	$0
WILLIAM MILLER	Vice President	0.00	Officer Director	$0	$0	$0
ELIZABETH A HEAPHY	Director	0.00	Director	$0	$0	$0
ANTOINETTE SANCHEZ-ROMERO	Director	0.00	Director	$0	$0	$0
PAUL HAIDLE	Director	0.00	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
2025	No data	No data	No data	No data
2024	$10,689,954	$9,931,735	$18,051,651	$758,219
2024	No data	No data	No data	No data
2023	$9,014,385	$8,830,394	$16,710,886	$183,991
2022	$9,734,557	$10,644,378	$7,722,016	$-909,821
2021	$11,939,052	$10,310,411	$8,797,073	$1,628,641
2020	$12,228,701	$10,071,721	$8,173,029	$2,156,980

HOPEWORKS