Hope For The Brave

EIN: 861202383 501(c)(3) Housing & Shelter

Hastings, MN

Total Revenue
$85,343
Total Expenses
$61,004
Total Assets
$30,905
Net Assets
$30,905
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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
2020
Legal Domicile
MN
Phone
6512305888
Tax Period
2024-01-01 to 2024-12-31

Hope For The Brave, founded in 2020, is a micro nonprofit in the Housing & Shelter sector that reported $85K in total revenue in fiscal year 2024. Revenue surged 396% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 29% operating margin.

Mission

To empower suvivors of domestic violence and end generational violence one person at a time through community engagement.

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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 $85,343
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $85,343

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $286
Program Expenses $59,183
Other Expenses $61,004
TOTAL EXPENSES $61,004

Year-over-Year Comparison

2024 2023 Change
Revenue $85,343 $17,212 +4.0%
Expenses $61,004 $29,904 +1.0%
Net Income $24,339 $-12,692 -2.9%
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
5
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
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jennifer M Flaherty Founder 40.00
Director
$0 $0 $0
Celena Plesha Chair 1.00
Officer
$0 $0 $0
Kim Rasmussen Vice Chair 1.00
Officer
$0 $0 $0
Jessica Liljedahl Secretary 1.00
Officer
$0 $0 $0
Kevin Baby Treasurer 8.00
Officer
$0 $0 $0
Jason Torkelson Board Member 1.00
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
2024 $85,343 $61,004 $30,905 $24,339
2023 $17,212 $29,904 $6,566 $-12,692
2022 $10,437 $12,425 $19,258 $-1,988
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