TOWERS OF HOPE INC

EIN: 854109294 501(c)(3) Education

NEW CANEY, TX

Total Revenue
$117,191
Total Expenses
$123,702
Total Assets
$146
Net Assets
$146
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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
2021
Legal Domicile
TX
Tax Period
2023-01-01 to 2023-12-31

TOWERS OF HOPE INC, founded in 2021, is a small nonprofit in the Education sector that reported $117K in total revenue in fiscal year 2023.

Mission

MINISTRY

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $117,191
Investment Income $0
Other Revenue $0
TOTAL REVENUE $117,191

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $123,702
Other Expenses $123,702
TOTAL EXPENSES $123,702

Year-over-Year Comparison

2023 2022 Change
Revenue $117,191 N/A N/A
Expenses $123,702 N/A N/A
Net Income $-6,511 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

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Governance

Voting Members
7
Independent Members
7
Employees
N/A
Volunteers
N/A

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EVELYN RATCLIFF BOARD MEMBER 0.00
Director
$0 $0 $0
GARY WALKER BOARD MEMBER 0.00
Director
$0 $0 $0
ESTER ABRAM BOARD MEMBER 0.00
Director
$0 $0 $0
LISA LAW BOARD MEMBER 0.00
Director
$0 $0 $0
TIMOTHY HARTMAN ACCOUNTANT 0.00
Director
$0 $0 $0
DEVELRON D WALKER FOUNDER 0.00
Officer
$0 $0 $0
CHASTITY BROWN DIRECTOR 0.00
Officer
$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
2023 $117,191 $123,702 $146 $-6,511
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