Hope of Mooresville Inc

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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

Amy DeCaron

Phone

9804355209

Tax Period

2024-01-01 to 2024-12-31

Hope of Mooresville Inc, founded in 2020, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 78% operating margin.

Mission

To provide temporary, supportive housing for homeless women & children in the Mooresville, NC area.

Program Service Accomplishments

Program 1

Expenses: $180,279

To provide temporary, supportive housing for homeless women & children in the Mooresville, NC area. In 2024 3,042 nights of shelter were provided. Provided personalized case management to 24 homeless individuals. South Campus House was renovated and opened in April 2024 to better serve those in need.

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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 $1,392,407

Program Service Revenue $0

Investment Income $42,716

Other Revenue $-22,813

TOTAL REVENUE $1,412,310

Expense Breakdown

Grants Paid $0

Salaries & Benefits $173,187

Fundraising Expenses $0

Program Expenses $180,279

Other Expenses $130,982

TOTAL EXPENSES $304,169

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,412,310	N/A	N/A
Expenses	$304,169	N/A	N/A
Net Income	$1,108,141	N/A	N/A

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
Tiffany Webber	Chairman	5.00	Officer Director	$0	$0	$0
Rick Howard	Chairman	5.00	Officer Director	$0	$0	$0
Laura Houghton	Treasurer	5.00	Officer Director	$0	$0	$0
Ginny Stehle	Secretary	5.00	Officer Director	$0	$0	$0
Mark Childers	Director	5.00	Director	$0	$0	$0
Dr Steve Ferguson	Director	5.00	Director	$0	$0	$0
Fara Maltsbarger	Director	5.00	Director	$0	$0	$0
Catherine McElearney	Director	5.00	Director	$0	$0	$0
Monica Otabor	Director	5.00	Director	$0	$0	$0
Wendy Petrie	Director	5.00	Director	$0	$0	$0
Stephanie Richart	Director	5.00	Director	$0	$0	$0
Julie Wooldridge	Director	5.00	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	$1,412,310	$304,169	$1,797,841	$1,108,141
2023	$313,746	$275,296	$691,070	$38,450
2022	$605,892	$189,363	$650,813	$416,529