HOPE AMERICA INC (EIN 860838347) - 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

1996

Legal Domicile

Principal Officer

HK ELROD

Phone

9286455300

Tax Period

2024-07-01 to 2025-06-30

HOPE AMERICA INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $248K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $613K exceeded revenue, resulting in a 147% operating deficit.

Mission

COMBAT COMMUNITY DETERIORATION, PROVIDE RELIEF FOR THE POOR, THE DISTRESSED, THE ELDERLY, WITH A FOCUS ON LOW-INCOME HOUSING

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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 $248,103

Investment Income $0

Other Revenue $0

TOTAL REVENUE $248,103

Expense Breakdown

Grants Paid $35,000

Salaries & Benefits $263,280

Fundraising Expenses $244,010

Program Expenses $98,424

Other Expenses $314,446

TOTAL EXPENSES $612,726

Year-over-Year Comparison

	2024	2023	Change
Revenue	$248,103	$357,347	-0.3%
Expenses	$612,726	$629,977	0.0%
Net Income	$-364,623	$-272,630	+0.3%

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

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

$70,723

Total Directors

$70,723

Key Employees

$58,750

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HK ELROD	PRESIDENT	10.00	Officer Director	$44,223	$0	$44,223
DON HARRINGTON	MEMBER	2.00	Officer Director	$5,000	$0	$5,000
TARA SCHNEIDER	MEMBER	2.00	Officer Director	$7,500	$0	$7,500
MARGARET MOORE	MEMBER	2.00	Officer Director	$13,000	$0	$13,000
BARBARA BOSIER	EMPLOYEE	40.00	Key Emp	$58,750	$0	$58,750
DAVID GOODMAN	MEMBER	2.00	Officer Director	$1,000	$0	$1,000

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
2025	$248,103	$612,726	$302,539	$-364,623
2024	$357,347	$629,977	$668,522	$-272,630
2023	$1,885,046	$938,156	No data	$946,890
2022	$392,519	$308,702	$920,196	$83,817
2021	$329,050	$344,426	$932,672	$-15,376
2020	$210,703	$313,787	$935,655	$-103,084
2019	$516,394	$471,294	$1,024,333	$45,100
2018	$564,128	$699,950	$1,056,248	$-135,822

HOPE AMERICA INC