REASON FOR HOPE INC (EIN 872435191) - 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

2021

Legal Domicile

Principal Officer

BRETT WATERS

Phone

2153507186

Tax Period

2024-01-01 to 2024-12-31

REASON FOR HOPE INC, founded in 2021, is a community nonprofit in the Mental Health sector that reported $1.3M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $1.1M left a modest 12% surplus.

Mission

REASON FOR HOPE, INC.'S MISSION IS TO PREVENT DEATHS OF DESPAIR BY HELPING TO DEVELOP AND ADVOCATE FOR THE POLICY AND LEGAL REFORMS NEEDED TO FACILITATE SAFE AND AFFORDABLE ACCESS TO PSYCHEDELIC AND OTHER EMERGING THERAPIES FOR THE TREATMENT OF VARIOUS MENTAL HEALTH CONDITIONS.

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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 $1,260,680

Program Service Revenue $0

Investment Income $15,868

Other Revenue $0

TOTAL REVENUE $1,276,548

Expense Breakdown

Grants Paid $190,000

Salaries & Benefits $583,672

Fundraising Expenses $49,693

Program Expenses $1,023,840

Other Expenses $346,270

TOTAL EXPENSES $1,119,942

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,276,548	$1,178,392	+0.1%
Expenses	$1,119,942	$902,685	+0.2%
Net Income	$156,606	$275,707	-0.4%

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

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

$490,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HALEY WATERS	DIRECTOR	1.00	Director	$0	$0	$0
JULIE WATERS	DIRECTOR	1.00	Director	$0	$0	$0
JESSE MACLACHLAN	DIRECTOR OF STATE POLICY	45.00	Officer	$120,000	$0	$120,000
BRETT M WATERS	EXECUTIVE DIRECTOR	70.00	Officer	$250,000	$0	$250,000
MARTIN R STEELE	CHIEF EXECUTIVE OFFICER	20.00	Officer	$120,000	$0	$120,000
LYNETTE AVERILL PHD	DIRECTOR	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	$1,276,548	$1,119,942	$894,757	$156,606
2023	$1,178,392	$902,685	$710,799	$275,707
2022	$550,954	$122,220	$444,306	$428,734

REASON FOR HOPE INC