RISING HOPE INC

EIN: 873297215 501(c)(3) Mental Health

Rural Hall, NC

Total Revenue
$15,798
Total Expenses
$15,517
Total Assets
$67,281
Net Assets
$67,281
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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
Tax Period
2022-07-01 to 2022-12-31

RISING HOPE INC, founded in 2021, is a micro nonprofit in the Mental Health sector that reported $16K in total revenue in fiscal year 2022. Net assets of $67K represent 51 months of operating reserves.

Mission

THE PRIMARY PURPOSE OF RISING HOPE IS TO IMPROVE AND ENHANCE THE MENTAL AND PHYSCIAL HEALTH OF ALL PEOPLE, BY PROVIDING OUPATIENT SERVICES TO THOSE IN NEED, WHILE EDUCATING AND PROMOTING AWARENESS OF MENTAL HEALTH ISSUES TO THE COMMUNITY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,398
Program Service Revenue $11,400
Investment Income $0
Other Revenue $0
TOTAL REVENUE $15,798

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $15,517
Other Expenses $15,517
TOTAL EXPENSES $15,517

Year-over-Year Comparison

2022 2021 Change
Revenue $15,798 N/A N/A
Expenses $15,517 N/A N/A
Net Income $281 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
6
Independent Members
1
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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAWN NXASANA DIRECTOR 5.00
Officer
$0 $0 $0
NORA IWUNZE DIRECTOR 5.00
Officer
$0 $0 $0
JUSTINA A OKONKWO CHAIRMANE OF THE BOARD OF DIR 30.00
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
2022 $15,798 $15,517 $67,281 $281
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