HOPEFULLS INC

EIN: 923830792 501(c)(3) Food, Agriculture & Nutrition

WINSTON SALEM, NC

Total Revenue
$245,625
Total Expenses
$40,953
Total Assets
$204,672
Net Assets
$204,672
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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
NC
Tax Period
2023-01-01 to 2023-12-31

HOPEFULLS INC, founded in 2023, is a small nonprofit in the Food, Agriculture & Nutrition sector that reported $246K in total revenue in fiscal year 2023. The organization ran a surplus of $205K, a strong 83% operating margin.

Mission

HOPEFULLS, INC. EXISTS TO END CHILDHOOD HUNGERONE ELEMENTARY SCHOOL AT A TIME.

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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 $243,805
Program Service Revenue $0
Investment Income $0
Other Revenue $1,820
TOTAL REVENUE $245,625

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $34,980
Other Expenses $40,953
TOTAL EXPENSES $40,953

Year-over-Year Comparison

2023 2022 Change
Revenue $245,625 N/A N/A
Expenses $40,953 N/A N/A
Net Income $204,672 N/A N/A
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
3
Independent Members
3
Employees
N/A
Volunteers
140

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
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYRA OVERBEY TREASURER 5.00
Officer
$0 $0 $0
JAMIE VIA CHEIF OPERATING OFFICER 20.00
Officer
$0 $0 $0
SCOTT NEWTON PRESIDENT 20.00
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
2024 No data No data No data No data
2023 $245,625 $40,953 $204,672 $204,672
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