HOPE FOR KORAH MINISTRIES USA (EIN 851300675) - 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

Mark Brandsma

Phone

3608218540

Tax Period

2023-01-01 to 2023-12-31

HOPE FOR KORAH MINISTRIES USA, founded in 2020, is a small nonprofit in the International Affairs sector that reported $212K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

To break the cycle of extreme poverty and to offer hope and a future to the most vulnerable children and families living in Korah, Ethiopia.

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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 $212,238

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $212,238

Expense Breakdown

Grants Paid $212,238

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $212,238

Other Expenses $1,484

TOTAL EXPENSES $213,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$212,238	$231,345	-0.1%
Expenses	$213,722	$246,642	-0.1%
Net Income	$-1,484	$-15,297	-0.9%

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

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
David Pohl	Board President	5	Officer Director	$0	$0	$0
Mark Brandsma	Board Treasurer	3	Officer Director	$0	$0	$0
Johanna van der Jagt	Board Secretary	1	Officer Director	$0	$0	$0
Connie Loewen	Board Director	0.2	Director	$0	$0	$0
David Neill	Board Director	0.2	Director	$0	$0	$0
Jim Parussini	Board Director	0.2	Director	$0	$0	$0
Kevin Ardt	Board Director	0.5	Director	$0	$0	$0
John Ridder	Board Director	0.2	Director	$0	$0	$0
Tammy Brandsma	Board Director	0.2	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	$212,238	$213,722	$131,779	$-1,484
2022	$231,345	$246,642	$68,757	$-15,297

HOPE FOR KORAH MINISTRIES USA