BARRELS FOR HOPE (EIN 921870821) - Form 990 Financial Analysis & Trantor Score

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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

2023

Legal Domicile

Principal Officer

Joe Carter

Tax Period

2024-01-01 to 2024-12-31

BARRELS FOR HOPE, founded in 2023, is a small nonprofit in the Human Services sector that reported $179K in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $162K left a modest 9% surplus.

Mission

The mission of Barrels for Hope Whiskey Club is to create a community of positive, loving, charitable people who are as passionate about bourbon as they are about helping others with the expectation of nothing in return. Profits from barrels our team select will be donated back to support four charitable organizations that focus on children, military, cancer, and mental health.

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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 $160,435

Program Service Revenue $0

Investment Income $0

Other Revenue $18,311

TOTAL REVENUE $178,746

Expense Breakdown

Grants Paid $40,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $161,892

Other Expenses $46,777

TOTAL EXPENSES $161,892

Year-over-Year Comparison

	2024	2023	Change
Revenue	$178,746	$98,616	+0.8%
Expenses	$161,892	$57,921	+1.8%
Net Income	$16,854	$40,695	-0.6%

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

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
Joseph Carter	President	5	Officer	$0	$0	$0
Josh Gull	Vice President	5	Officer	$0	$0	$0
Lance Lyell	Public Affairs Director	5	Officer	$0	$0	$0
Kim Schwartz	Events Officer	10	Officer	$0	$0	$0
Bryan Miller	Treasurer	5	Officer	$0	$0	$0
William Kavanaugh	Logistics Officer	5	Officer	$0	$0	$0
Dan Trout	Secretary	5	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
2025	No data	No data	No data	No data
2024	$178,746	$161,892	$57,548	$16,854

BARRELS FOR HOPE