Hope Mill Inc

EIN: 872905647 501(c)(3) Education

Denver, NC

Total Revenue
$1,440,239
Total Expenses
$685,127
Total Assets
$785,979
Net Assets
$758,758
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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
NC
Phone
7047191713
Tax Period
2024-01-01 to 2024-12-31

Hope Mill Inc, founded in 2021, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $755K, a strong 52% operating margin.

Mission

We are dedictated to bringing hope and assistance to communities and people in their time of need. We aim to find meaningful solutions that support and uplift our community, no matter the challenges we face.

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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 $40,887
Program Service Revenue $1,399,352
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,440,239

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $18,341
Program Expenses $666,786
Other Expenses $685,127
TOTAL EXPENSES $685,127

Year-over-Year Comparison

2024 2023 Change
Revenue $1,440,239 N/A N/A
Expenses $685,127 N/A N/A
Net Income $755,112 N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
25

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kevin Garrison Board Chair 50.00
Officer
$0 $0 $0
James Brown Board Member 50.00
Officer
$0 $0 $0
Hollie Fox Board Member 40.00
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 $1,440,239 $685,127 $785,979 $755,112
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