VINCIT HOPE INC

EIN: 872552990 501(c)(3) Human Services

CHATTANOOGA, TN

Total Revenue
$230,204
Total Expenses
$81,326
Total Assets
$648,742
Net Assets
$648,742
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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
TN
Principal Officer
FORREST BOULWARE
Phone
4236480651
Tax Period
2024-01-01 to 2024-12-31

VINCIT HOPE INC, founded in 2021, is a small nonprofit in the Human Services sector that reported $230K in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $149K, a strong 65% operating margin.

Mission

TO HELP OUR PEOPLE IN EMERGENCIES TO MAINTAIN THE DIGNITY AND INTEGRITY OF FAMILY THROUGH FINANCIAL ASSISTANCE.

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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 $209,475
Program Service Revenue $0
Investment Income $20,729
Other Revenue $0
TOTAL REVENUE $230,204

Expense Breakdown

Grants Paid $36,634
Salaries & Benefits $0
Fundraising Expenses $22,060
Program Expenses $36,753
Other Expenses $44,692
TOTAL EXPENSES $81,326

Year-over-Year Comparison

2024 2023 Change
Revenue $230,204 $206,355 +0.1%
Expenses $81,326 $78,112 +0.0%
Net Income $148,878 $128,243 +0.2%
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
4
Independent Members
4
Employees
N/A
Volunteers
44

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
3
$0
Total Directors
21
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOPHER CHASE BULLARD MEMBER 0.12
Director
$0 $0 $0
GENE BOULWARE EXECUTIVE DIRECTOR 20.38
Director
$0 $0 $0
AMY LOU YANCY SELECT COMMITTEE CO-CHAIR 0.77
Director
$0 $0 $0
ALLISON YOUNG SELECT COMMITTEE CO-CHAIR 0.77
Director
$0 $0 $0
ANDREW BACON SELECT COMMITTEE MEMBER 0.06
Director
$0 $0 $0
BEN PESIGAN SELECT COMMITTEE MEMBER 0.06
Director
$0 $0 $0
BEVERLY CASH SELECT COMMITTEE MEMBER 0.10
Director
$0 $0 $0
DANIEL A PETERMAN SELECT COMMITTEE MEMBER 0.06
Director
$0 $0 $0
DAVID CASTRO SELECT COMMITTEE MEMBER 0.06
Director
$0 $0 $0
DAVID MARADYN SELECT COMMITTEE MEMBER 0.02
Director
$0 $0 $0
GREG ATCHLEY SELECT COMMITTEE MEMBER 0.12
Director
$0 $0 $0
JONATHON TERRELL SELECT COMMITTEE MEMBER 0.06
Director
$0 $0 $0
KIRK FRONDORF SELECT COMMITTEE MEMBER 0.06
Director
$0 $0 $0
KRISTIE HOLLOWAY SELECT COMMITEE MEMBER 0.02
Director
$0 $0 $0
LAKEISHA SCOTTON SELECT COMMITTEE MEMBER 0.10
Director
$0 $0 $0
RANDALL BARBEE SELECT COMMITTEE MEMBER 0.35
Director
$0 $0 $0
TOM HALL SELECT COMMITTEE MEMBER 0.06
Director
$0 $0 $0
WILMA FONSECA SELECT COMMITTEE MEMBER 0.06
Director
$0 $0 $0
LINDSEY ARMSTRONG SELECT COMMITEE MEMBER 0.06
Director
$0 $0 $0
TODD HOESCHELE SELECT COMMITEE MEMBER 0.06
Director
$0 $0 $0
ERIC WEBSTER SELECT COMMITEE MEMBER 0.04
Director
$0 $0 $0
HARRISON CHADWICK BULLARD PRESIDENT 0.77
Officer
$0 $0 $0
JONATHON BULLARD SECRETARY 0.33
Officer
$0 $0 $0
CARTER GRIFFIN TREASURER 0.12
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 $230,204 $81,326 $648,742 $148,878
2023 $206,355 $78,112 $499,864 $128,243
2022 $198,678 $48,178 $371,621 $150,500
2021 $225,000 $3,879 $221,121 $221,121
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