Hope Development Practice

EIN: 854332054 501(c)(3) Mental Health

Puyallup, WA

Total Revenue
$838,757
Total Expenses
$818,273
Total Assets
$34,883
Net Assets
$34,883
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2022
Legal Domicile
WA
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

To offer competent and inclusive evidence based, systemic therapy services to members of our community. To educate and inspire inclusivity in the LGBTQ+ community of Washington.

Program Service Accomplishments

Program 1
Expenses: $654,836 Revenue: $838,757

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%)

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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

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Governance

Voting Members
5
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
5
$93,000
Total Directors
5
$93,000
Key Employees
0
$0
Highest Compensated
0
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
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