HOPE FOR TOMORROW CHILD & FAMILY M… - Form 990 Financial Data

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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

Principal Officer

THOMAS A PIPER

Phone

3252803175

Tax Period

2023-01-01 to 2023-12-31

HOPE FOR TOMORROW CHILD & FAMILY MINISTRIES, founded in 2021, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Expenses of $1.1M exceeded revenue, resulting in a 12% operating deficit.

Mission

HOPE FOR TOMORROW CHILD & FAMILY MINISTRIES IS A 24 HOUR RESIDENTIAL CHILD CARE FACILITY WHICH PROVIDES THERAPEUTIC SERVICES TO CHILDREN IN FOSTER CARE IN THE STATE OF TEXAS

Program Service Accomplishments

Program 1

Expenses: $924,150 Revenue: $1,004,395

THE AGENCY IS A 24 HOUR RESIDENTIAL FOSTER CHILD CARE FACILITY WHICH HELD UP TO 17 CHILDREN IN THEIR HOME AT ONE TIME AND UP TO 40 PLACEMENTS THROUGHOUT THE YEAR. SEVERAL CHILDREN HAVE BEEN ADOPTED AFTER PLACEMENT AND OTHERS RESIDE IN FOSTER HOMES OR HAVE SUCCESSFULLY BEEN REUNITED WITH THEIR FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,004,395

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,004,395

Expense Breakdown

Grants Paid $0

Salaries & Benefits $598,424

Fundraising Expenses $0

Program Expenses $924,150

Other Expenses $527,099

TOTAL EXPENSES $1,125,523

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,004,395	$951,662	+0.1%
Expenses	$1,125,523	$893,398	+0.3%
Net Income	$-121,128	$58,264	-3.1%

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

Total Directors

Key Employees

$129,000

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHARRON BRITT PIPER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER DUNCAN PIPER	FINANCE DIRECTOR	40.00	Key Emp	$63,000	$0	$63,000
THOMAS ALLEN PIPER	EXECUTIVE DIRECTOR	40.00	Key Emp	$66,000	$0	$66,000

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
2024	No data	No data	No data	No data
2023	$1,004,395	$1,125,523	$134,864	$-121,128
2022	$951,662	$893,398	$139,777	$58,264

HOPE FOR TOMORROW CHILD & FAMILY MINISTRIES