HOPE INITIATIVE INC

EIN: 874331334 501(c)(3) Human Services

MAYFIELD, KY

Total Revenue
$5,904,139
Total Expenses
$285,934
Total Assets
$7,570,143
Net Assets
$7,398,382
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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
KY
Principal Officer
JESSICA TUCKER
Phone
2705199630
Tax Period
2023-01-01 to 2023-12-31

HOPE INITIATIVE INC, founded in 2022, is a community nonprofit in the Human Services sector that reported $5.9M in total revenue in fiscal year 2023. Revenue surged 209% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.6M, a strong 95% operating margin.

Mission

TO PROVIDE DISASTER RELIEF AND OTHER SUPPORT SERVICES TO RESIDENTS OF GRAVES COUNTY WHILE SPREADING THE GOSPEL OF JESUS CHRIST.

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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 $5,904,139
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $5,904,139

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $285,934
TOTAL EXPENSES $285,934

Year-over-Year Comparison

2023 2022 Change
Revenue $5,904,139 $1,908,832 +2.1%
Expenses $285,934 $128,655 +1.2%
Net Income $5,618,205 $1,780,177 +2.2%
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
7
Independent Members
7
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
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHEN BOYKEN PRESIDENT 0.00
Officer Director
$0 $0 $0
TAMARA BRINDLEY SECRETARY 0.00
Officer Director
$0 $0 $0
JESSICA TUCKER TREASURER 0.00
Officer Director
$0 $0 $0
CATHERINE PRICE OFFICER 0.00
Director
$0 $0 $0
WESLEY FOWLER OFFICER 0.00
Director
$0 $0 $0
BRAD MORRIS OFFICER 0.00
Director
$0 $0 $0
GREG HUSSEY OFFICER 0.00
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
2024 No data No data No data No data
2023 $5,904,139 $285,934 $7,570,143 $5,618,205
2022 $1,908,832 $128,655 $1,754,025 $1,780,177
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