Hope Coalition Corp

EIN: 861730600 501(c)(3) Mental Health

Hendersonville, NC

Total Revenue
$1,229,393
Total Expenses
$1,034,219
Total Assets
$1,088,258
Net Assets
$591,097
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NC
Principal Officer
Julie Huneycutt
Phone
8283887979
Tax Period
2024-01-01 to 2024-12-31

Hope Coalition Corp, founded in 2021, is a community nonprofit in the Mental Health sector that reported $1.2M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $195K, a strong 16% operating margin.

Mission

Preventing substance use among youth and focusing on long-term recovery for anyone impacted by alcohol and drug addition.

Program Service Accomplishments

Program 1
Expenses: $690,343 Revenue: $0

RCC: The Recovery Community Center. With a robust track record of serving 364 participants, our center stands as a cornerstone of support and empowerment. Offering a comprehensive array of services...

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RCC: The Recovery Community Center. With a robust track record of serving 364 participants, our center stands as a cornerstone of support and empowerment. Offering a comprehensive array of services including peer support, case management, education, employment assistance vocational support, transportation aid, access to food and nutrition resources, and guidance with benefits applications, we are committed to addressing the multifaceted needs of those on the path to recovery. In 2024, the RCC served over 563 participants. Moreover, our impact extends beyond mere support - we take pride in our role in facilitating the successful placement of individuals into long-term treatment or recovery services, fostering sustainable transformations. Equipped with naloxone training and expertise in identifying and screening individuals with substance use disorders, our center serves as a beacon of hope and opportunity for all seeking a brighter, healthier tomorrow.

Program 2

Teen Court: Since its inception, this innovative program has positively impacted the lives of 18 young individuals. Supported by a dedicated team of 24 volunteer teens and 4 adult mentors, Teen Court...

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Teen Court: Since its inception, this innovative program has positively impacted the lives of 18 young individuals. Supported by a dedicated team of 24 volunteer teens and 4 adult mentors, Teen Court operates on a monthly basis, aiming to instill accountability and promote forgiveness. With an impressive success rate of 100%, Teen Court stands as a beacon of efficacy and integrity in youth intervention programs. Through structured processes and compassionate guidance, participants not only confront the consequences of their actions but also embark on a journey of personal growth and restoration. 24 Juveniles were served in 2024.

Program 3

Hope Rising: With a steadfast commitment to nurturing the leaders of tomorrow, our program takes proactive strides in developing, implementing, and delivering school-based prevention education...

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Hope Rising: With a steadfast commitment to nurturing the leaders of tomorrow, our program takes proactive strides in developing, implementing, and delivering school-based prevention education initiatives. In addition to this vital educational outreach, were proud to have provided juvenile justice diversion opportunities to numerous adolescents in 2024, redirecting paths toward brighter futures. Join us as we pave the way for a generation empowered to overcome adversity and shape a brighter future for all.

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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 $1,077,563
Program Service Revenue $0
Investment Income $0
Other Revenue $151,830
TOTAL REVENUE $1,229,393

Expense Breakdown

Grants Paid $0
Salaries & Benefits $655,819
Fundraising Expenses $94,640
Program Expenses $690,343
Other Expenses $378,400
TOTAL EXPENSES $1,034,219

Year-over-Year Comparison

2024 2023 Change
Revenue $1,229,393 $1,025,104 +0.2%
Expenses $1,034,219 $1,005,153 +0.0%
Net Income $195,174 $19,951 +8.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
25
Volunteers
20

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
4
$160,831
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Julie Huneycutt Executive Director 40.00
Officer
$91,220 $3,487 $94,707
Henry Greenberg Director Finance & Admin 40.00
Officer
$66,074 $50 $66,124
Robin Reed Chair 5.00
Officer Director
$0 $0 $0
Courtney Stepp Lowery Treasurer/Secretary 5.00
Officer Director
$0 $0 $0
Sarah Beth Gallenberger Board Member 2.00
Director
$0 $0 $0
Julie Synder Board Member 2.00
Director
$0 $0 $0
Kate Weber LCMH Board Member 2.00
Director
$0 $0 $0
Elana Flanigan Board Member 2.00
Director
$0 $0 $0
Cheyenne Mathews Board Member 2.00
Director
$0 $0 $0
John Ariatti Board Member 5.00
Director
$0 $0 $0
Amy Lynn-Holt Board Member 5.00
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 $1,229,393 $1,034,219 $1,088,258 $195,174
2023 $1,025,104 $1,005,153 $684,868 $19,951
2022 $1,060,260 $684,288 $691,229 $375,972
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