HOPE RESTORES CORPORATION (EIN 853904972) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2021

Legal Domicile

Principal Officer

ANNA ZAKEM

Phone

6083867827

Tax Period

2024-01-01 to 2024-12-31

HOPE RESTORES CORPORATION, founded in 2021, is a small nonprofit that reported $381K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $460K exceeded revenue, resulting in a 21% operating deficit.

Mission

OUR PURPOSE IS TO SUPPORT, ADVOCATE, LISTEN, AND BRIDGE THE GAP BETWEEN AFRICAN AMERICANS IN OUR COMMUNITY. ALL OF OUR SERVICES AIM TO HELP PEOPLE OF COLOR RECEIVE RESOURCES THAT SUPPORT THEIR NEEDS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $384,679

Program Service Revenue $0

Investment Income $4

Other Revenue $-3,785

TOTAL REVENUE $380,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $250,608

Fundraising Expenses $0

Program Expenses $416,530

Other Expenses $209,837

TOTAL EXPENSES $460,445

Year-over-Year Comparison

	2024	2023	Change
Revenue	$380,898	$465,132	-0.2%
Expenses	$460,445	$543,243	-0.2%
Net Income	$-79,547	$-78,111	+0.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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
SHAMAWYAH CURTIS	BOARD MEMBER	40.00	Director	$0	$0	$0
VANESSA DAUGHTEROFLOIS	SECRETARY	2.00	Officer Director	$0	$0	$0
TASHYRA JACKSON	BOARD MEMBER	40.00	Director	$0	$0	$0
JACQUELYN KELLY	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN LAWRENCE	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER NELSON	TREASURER	2.00	Officer Director	$0	$0	$0
ANNA ZAKEM	PRESIDENT	4.00	Officer 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	$380,898	$460,445	$261	$-79,547
2023	$465,132	$543,243	$47,737	$-78,111
2022	$472,975	$393,336	$109,681	$79,639
2021	$214,996	$185,215	$31,205	$29,781

HOPE RESTORES CORPORATION