BEACON OF HOPE CENTER

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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

2024

Legal Domicile

Principal Officer

GENE W WEAVER

Phone

3603508443

Tax Period

2024-01-01 to 2024-12-31

BEACON OF HOPE CENTER, founded in 2024, is a micro nonprofit that reported $47K in total revenue in fiscal year 2024. Revenue surged 155% from the prior year, signaling strong growth momentum. The organization ran a surplus of $18K, a strong 39% operating margin.

Mission

THE PURPOSE IS TO PROVIDE OPPORTUNITIES ANS RESOURCES FOR A HEALTHY COMMUNITY AND DIRECT PEOPLE TO EXISTING RESOURCES.

Program Service Accomplishments

Program 1

Expenses: $28,595 Revenue: $47,081

THERE WERE MANY LEVELS OF ASSITANCE MADE TO SEVERAL OUTREACHES OF THE COMMUNITY SUCH AS SENIOR EXERCISE, FINANCIAL STUDY FOR HOUEHOLD EXPENSE,MENTAL WELLNESS CLASSES, LEARNING GARDEN AND PREP CLASS, NATURAL HEALTH FAIR AND PERSONAL OUTREACH. THERE 14,154 HOURS SPENT BY OVER 150 DIFFERENT INDIVIDUALS.

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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 $47,081

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $47,081

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $28,595

Other Expenses $28,595

TOTAL EXPENSES $28,595

Year-over-Year Comparison

	2024	2023	Change
Revenue	$47,081	$18,486	+1.5%
Expenses	$28,595	N/A	N/A
Net Income	$18,486	$18,486	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

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	Reportable Comp	Other Comp	Total
GENE WEAVER	PRESIDENT	10.00	$0	$0	$0
JUNE GELVIN	TREASURER	10.00	$0	$0	$0
SUSIE HAWES	VICE PRES	10.00	$0	$0	$0
JANET WEAVER	DIRECTOR	10.00	$0	$0	$0
JANET BRIGHT	SECRETARY	10.00	$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	$47,081	$28,595	$34,578	$18,486