Hopefield Mental Health Foundation

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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

2022

Legal Domicile

Principal Officer

Sylvester Nwedo

Tax Period

2023-01-01 to 2023-12-31

Hopefield Mental Health Foundation, founded in 2022, is a small nonprofit in the Human Services sector that reported $272K in total revenue in fiscal year 2023. Revenue surged 1071% from the prior year, signaling strong growth momentum.

Mission

To provide mental health support to rural areas in West Tennessee

Program Service Accomplishments

Program 1

Expenses: $280,532 Revenue: $272,354

Implemented community led strategies in Dyer County, TN to address health inequities related to COVID-19 in response to County Health Assessment results.Worked with local authorities in Dyer County...

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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 (2023)

Revenue Breakdown

Contributions & Grants $271,280

Program Service Revenue $1,074

Investment Income $0

Other Revenue $0

TOTAL REVENUE $272,354

Expense Breakdown

Grants Paid $0

Salaries & Benefits $131,341

Fundraising Expenses $0

Program Expenses $280,532

Other Expenses $149,191

TOTAL EXPENSES $280,532

Year-over-Year Comparison

	2023	2022	Change
Revenue	$272,354	$23,250	+10.7%
Expenses	$280,532	$21,045	+12.3%
Net Income	$-8,178	$2,205	-4.7%

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	Role	Reportable Comp	Other Comp	Total
Rosalyn R Nichols	Board Member	Director	$0	$0	$0
Kelechi Ogbonna	Board Member	Director	$0	$0	$0
Gift Eze	Board Member	Director	$0	$0	$0
Kimberly Hendrdix	Board Member	Director	$0	$0	$0
Sylvester Nwedo	Executive Director	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
2023	$272,354	$280,532	$191,688	$-8,178