STAR OF HOPE HOUSING SERVICES INC (EIN 930837916) - 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

1983

Legal Domicile

Principal Officer

LOUANN DEWATER

Phone

5418888893

Tax Period

2024-07-01 to 2024-12-31

STAR OF HOPE HOUSING SERVICES INC, founded in 1983, is a small nonprofit that reported $358K in total revenue in fiscal year 2024. Revenue surged 1723% from the prior year, signaling strong growth momentum. The organization ran a surplus of $352K, a strong 98% operating margin.

Mission

TO PROVIDE A FIVE-BED HOUSING UNIT TO DEVELOPMENTALLY DISABLED AND HANDICAPPED ADULTS.

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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 $6,000

Program Service Revenue $0

Investment Income $352,122

Other Revenue $0

TOTAL REVENUE $358,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,108

Other Expenses $6,088

TOTAL EXPENSES $6,088

Year-over-Year Comparison

	2024	2023	Change
Revenue	$358,122	$19,643	+17.2%
Expenses	$6,088	$16,474	-0.6%
Net Income	$352,034	$3,169	+110.1%

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

$223,778

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOUANN DEWATER	EXECUTIVE DIRECTOR	5.00	Officer	$0	$39,291	$223,778
FRANCINE WORTHEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SHEILA BANKS	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
PATRICIA JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES ADAMS	TREASURER	1.00	Officer Director	$0	$0	$0
TERRY EDWARDS	DIRECTOR	1.00	Director	$0	$0	$0
DOUG VEYSEY	DIRECTOR	1.00	Director	$0	$0	$0
KIM BRICK	DIRECTOR	1.00	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	$358,122	$6,088	No data	$352,034

STAR OF HOPE HOUSING SERVICES INC