HopeSparks

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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

1895

Legal Domicile

Phone

2535654484

Tax Period

2024-01-01 to 2024-12-31

HopeSparks, founded in 1895, is a mid-sized nonprofit in the Human Services sector that reported $11.3M in total revenue in fiscal year 2024.

Mission

At HopeSparks, we envision a world where all children and families are safe, secure, and stable, and that all children have the nurturing relationships they need to thrive. Our mission is to strengthen families by inspiring courage and confidence to make a lasting change. HopeSparks serve children and families in the Puget Sound Region who face trauma, adversity, and overwhelming life challenges.During 2024, we served 8,656 children and families and delivered 38,695 services. In addition, we distributed nearly 54,259 items through our HopesCloset. Program had 860 hours of volunteer support from our community.

Program Service Accomplishments

Program 1

Expenses: $7,114,126

Children's Developmental Services (CDS) - Early intervention in the natural environment for children from birth to three years old.

Program 2

Expenses: $1,107,579

Pediatric Integration - Partnering with pediatric services to provide collaborative care for children and families. Both medical and behavioral healthcare are provided in primary care or other...

Pediatric Integration - Partnering with pediatric services to provide collaborative care for children and families. Both medical and behavioral healthcare are provided in primary care or other clinical settings.

Program 3

Expenses: $1,080,415

Behavioral Health Counseling - Crucial, preventive, and evidence-based behavioral healthcare for children and families.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,060,828

Program Service Revenue $10,203,758

Investment Income $78,804

Other Revenue $0

TOTAL REVENUE $11,343,390

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,838,428

Fundraising Expenses $169,871

Program Expenses $10,218,398

Other Expenses $2,506,596

TOTAL EXPENSES $12,345,024

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,343,390	$11,543,228	0.0%
Expenses	$12,345,024	$11,015,963	+0.1%
Net Income	$-1,001,634	$527,265	-2.9%

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

122

Volunteers

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

$345,137

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Leroy	President & CEO	40.00	Officer	$185,829	$3,367	$189,196
William Bowman	CFO	40.00	Officer	$124,796	$31,145	$155,941
Anisa Smith	Clinical Nursing	40.00		$116,406	$13,625	$130,031
Rachael Holt	Chief Operating	40.00		$113,720	$16,126	$129,846
Zuri Johnson	Physical Therapist	40.00		$112,895	$14,800	$127,695
Leah Collins	Physical Therapist	40.00		$109,018	$13,436	$122,454
Candace Candoo	Speech Pathologist	40.00		$118,197	$3,621	$121,818
Derek Moore	Board President	4.00	Officer Director	$0	$0	$0
Brenda Baker	Vice President	4.00	Officer Director	$0	$0	$0
Erik Swanson	Treasurer	4.00	Officer Director	$0	$0	$0
Yvette Gross	Secretary	4.00	Officer Director	$0	$0	$0
Natasha Johnson	Board Member	4.00	Director	$0	$0	$0
Jamie Lee	Board member	4.00	Director	$0	$0	$0
Kristen Smith	Board Member	4.00	Director	$0	$0	$0
Deborah Erickson	Board Member	4.00	Director	$0	$0	$0
Tobiah Twine	Board Member	4.00	Director	$0	$0	$0
Diane Taniguchi	Board member	4.00	Director	$0	$0	$0
Lana Adzhigirey	Board member	4.00	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	$11,343,390	$12,345,024	$9,393,881	$-1,001,634
2023	$11,543,228	$11,015,963	$10,277,510	$527,265
2022	$9,085,360	$9,758,238	$10,358,905	$-672,878
2021	$10,500,241	$7,994,408	$11,192,915	$2,505,833
2020	$8,022,969	$7,040,552	$8,472,336	$982,417
2019	$6,806,490	$6,039,832	$6,302,661	$766,658
2018	$5,574,017	$5,215,771	$3,792,736	$358,246