HOPE HEALTH AND WELLNESS CENTER QALICB (EIN 861324700) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2020

Legal Domicile

Phone

7137730803

Tax Period

2024-01-01 to 2024-12-31

HOPE HEALTH AND WELLNESS CENTER QALICB, founded in 2020, is a small nonprofit in the Health Care sector that reported $242K in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $2.1M exceeded revenue, resulting in a 779% operating deficit.

Mission

PERFORM CHARITABLE ACTIVITIES SUPPORTING THE CHARITABLE PURPOSES OF HOPE CLINIC.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $234,000

Investment Income $8,238

Other Revenue $103

TOTAL REVENUE $242,341

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,723,107

Other Expenses $2,129,170

TOTAL EXPENSES $2,129,170

Year-over-Year Comparison

	2024	2023	Change
Revenue	$242,341	$289,581	-0.2%
Expenses	$2,129,170	$1,286,619	+0.7%
Net Income	$-1,886,829	$-997,038	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$514,329

Total Directors

$514,329

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDREA CARACOSTIS	DIRECTOR/CEO	2.0	Officer Director	$0	$24,592	$304,914
JOHN WATSON	BOARD CHAIRMAN	2.0	Officer Director	$0	$0	$0
PENNY YANG	CFO/SERETARY/TREASURER	2.0	Officer Director	$0	$12,590	$209,415
DAVID ACOSTA	DIRECTOR	2.0	Director	$0	$0	$0
JASON LIM	DIRECTOR	2.0	Director	$0	$0	$0
SU NGUYEN	DIRECTOR	2.0	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	$242,341	$2,129,170	$26,318,502	$-1,886,829
2023	$289,581	$1,286,619	$28,114,597	$-997,038
2022	$8,375	$185,946	$31,725,320	$-177,571
2021	$1,960,557	$423,376	$31,285,990	$1,537,181

HOPE HEALTH AND WELLNESS CENTER QALICB