RAISING HOPE MINISTRIES INC

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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

Principal Officer

TIM BANKS

Phone

4196316160

Tax Period

2024-01-01 to 2024-12-31

RAISING HOPE MINISTRIES INC, founded in 2021, is a small nonprofit in the Education sector that reported $200K in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $170K left a modest 15% surplus.

Mission

RAISE FUNDS TO SUPPORT STUDENTS IN HAITI WITH HOUSING, SCHOOLING AND FOOD

Program Service Accomplishments

Program 1

Expenses: $170,286

RAISE FUNDS TO SUPPORT STUDENTS IN HAITI WITH THE DESIRE, MOTIVATION AND SKILLS TO SEEK HIGHER EDUCATIONAL GOALS IN ORDER TO LIVE OUT THEIR CALLING. THIS IS DONE BY PROVIDING HOUSING, SCHOOLING AND...

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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 $200,141

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $200,141

Expense Breakdown

Grants Paid $161,550

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,286

Other Expenses $8,736

TOTAL EXPENSES $170,286

Year-over-Year Comparison

	2024	2023	Change
Revenue	$200,141	$330,236	-0.4%
Expenses	$170,286	$366,825	-0.5%
Net Income	$29,855	$-36,589	-1.8%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BANKS	TREASURER	1.00	Officer Director	$0	$0	$0
CHERYL BENSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN BENSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE MILLER	DIRECTOR	1.00	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	$200,141	$170,286	$24,034	$29,855
2023	$330,236	$366,825	$-5,821	$-36,589