Hope Development Practice (EIN 854332054) - 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

2022

Legal Domicile

Principal Officer

Abby White

Phone

3608259721

Tax Period

2024-01-01 to 2024-12-31

Hope Development Practice, founded in 2022, is a small nonprofit in the Mental Health sector that reported $839K in total revenue in fiscal year 2024. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

We will offer therapy and train therapist to support the LGBTQIA+ community.

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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 $0

Program Service Revenue $838,757

Investment Income $0

Other Revenue $0

TOTAL REVENUE $838,757

Expense Breakdown

Grants Paid $0

Salaries & Benefits $683,903

Fundraising Expenses $0

Program Expenses $654,836

Other Expenses $134,370

TOTAL EXPENSES $818,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$838,757	$618,161	+0.4%
Expenses	$818,273	$603,762	+0.4%
Net Income	$20,484	$14,399	+0.4%

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

N/A

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

$93,000

Total Directors

$93,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Abby White	Executive Dir.	40.00	Officer Director	$93,000	$0	$93,000
Theodore E White	Treasurer	5.00	Officer Director	$0	$0	$0
Makael White	Vice President	20.00	Officer Director	$0	$0	$0
Shyla Stuart	Chairman	20.00	Officer Director	$0	$0	$0
Alecia Harris	Secretary	0.00	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	$838,757	$818,273	$34,883	$20,484
2023	$618,161	$603,762	$14,399	$14,399

Hope Development Practice