Hands of New Hope 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

Legal Domicile

Principal Officer

Alisha A Wade

Phone

5626884113

Tax Period

2022-01-01 to 2022-12-31

Hands of New Hope Inc, founded in 2021, is a small nonprofit in the Human Services sector that reported $262K in total revenue in fiscal year 2022. The organization ran a surplus of $206K, a strong 79% operating margin.

Mission

to improve the lives of seniors and other underserved persons by providing a nonthreatening environment in the community where they can receive help with identifying and utilizing resources or obtaining financial assistance in the areas ofhealthcare, social security, housing, and education.

Program Service Accomplishments

Program 1

Expenses: $27,988

As a newly established nonprofit, Hands of New Hope focused its inaugural year on critical startup tasks like obtaining 501(c)(3) status, fundraising, developing organizational infrastructure, and...

As a newly established nonprofit, Hands of New Hope focused its inaugural year on critical startup tasks like obtaining 501(c)(3) status, fundraising, developing organizational infrastructure, and designing initial programming to serve local seniors and low-income residents through resources like counseling, financial assistance, legal aid seminars, and educational offerings.

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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 (2022)

Revenue Breakdown

Contributions & Grants $261,800

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $261,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $27,988

Other Expenses $55,970

TOTAL EXPENSES $55,970

Year-over-Year Comparison

	2022	2021	Change
Revenue	$261,800	N/A	N/A
Expenses	$55,970	N/A	N/A
Net Income	$205,830	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

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
Alisha Wade	President & CEO	1.00	Officer Director	$0	$0	$0
Debra English-Johnson	Secretary	1.00	Officer Director	$0	$0	$0
Angela Alexander	Treasurer	1.00	Officer Director	$0	$0	$0
Harry Eaves	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
2022	$261,800	$55,970	$205,830	$205,830