Hopefield Mental Health Foundation

EIN: 874202231 501(c)(3) Human Services

Dyersburg, TN

Total Revenue
$272,354
Total Expenses
$280,532
Total Assets
$191,688
Net Assets
$12,882
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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
TN
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

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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 (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

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Governance

Voting Members
5
Independent Members
4
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
1
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Rosalyn R Nichols Board Member 0.00
Director
$0 $0 $0
Kelechi Ogbonna Board Member 0.00
Director
$0 $0 $0
Gift Eze Board Member 0.00
Director
$0 $0 $0
Kimberly Hendrdix Board Member 0.00
Director
$0 $0 $0
Sylvester Nwedo Executive Director 0.00
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
2023 $272,354 $280,532 $191,688 $-8,178
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