OPERATION NEW HOPE

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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

1980

Legal Domicile

Principal Officer

MICHAEL MCCORMICK

Phone

9093800641

Tax Period

2024-07-01 to 2025-06-30

OPERATION NEW HOPE, founded in 1980, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $564K, a strong 24% operating margin.

Mission

OUR MISSION IS TO MENTOR AND EDUCATE UNDERSERVED YOUTH AND PROVIDE THEM WITH LIFE SKILLS AND PATHWAYS TO SUCCESS.

Program Service Accomplishments

Program 1

Expenses: $435,346 Revenue: $360,234

WORKFORCE (WIOA): THROUGH OUR STRONG, LASTING COMMUNITY PARTNERSHIPS WITH SAN BERNARDINO (SB) COUNTY'S WORKFORCE BOARD, SB COUNTY'S WORKFORCE DEVELOPMENT DEPARTMENT, SB COUNTY AMERICA'S JOB CENTERS, AND SB COUNTY YOUTH WORKFORCE INNOVATION OPPORTUNITY ACT PARTNERS, PARTICIPANTS ARE ENROLLED AND SUPPORTED BY THE LEADERS IN WORKFORCE DEVELOPMENT.

Program 2

Expenses: $59,956 Revenue: $354,646

TITLE II YOUTH AND COMMUNITY RESTORATION: CONTRACTS WITH THE CALIFORNIA OFFICE OF YOUTH AND COMMUNITY RESTORATION TO DELIVER SERVICES FOR AT-RISK AND COURT-INVOLVED YOUTH UNDER THE AGE OF 26...

TITLE II YOUTH AND COMMUNITY RESTORATION: CONTRACTS WITH THE CALIFORNIA OFFICE OF YOUTH AND COMMUNITY RESTORATION TO DELIVER SERVICES FOR AT-RISK AND COURT-INVOLVED YOUTH UNDER THE AGE OF 26. SERVICES INCLUDE CASE MANAGEMENT, LEADERSHIP DEVELOPMENT, LIFE SKILLS INSTRUCTION, AND WORKFORCE DEVELOPMENT. THE PROGRAM SUPPORTS ALTERNATIVES TO DETENTION, DIVERSION, COMMUNITY-BASED PROGRAMMING, AND JOB READINESS TRAINING TO PROMOTE EQUITABLE TREATMENT AND POSITIVE OUTCOMES FOR YOUTH.

Program 3

Revenue: $291,073

LEARN4LIFE (L4L): PROVIDE LEARN4LIFE CHARTER SCHOOLS, SUCH AS INNOVATION HIGH SCHOOL, ALTA VISTA INNOVATION HIGH SCHOOL, AND OTHERS, WITH CASE MANAGEMENT SERVICES, INCLUDING DEPARTMENT OF LABOR AND SAN BERNARDINO AND RIVERSIDE COUNTY WORKFORCE INNOVATION OPPORTUNITY ACT (WIOA) SUPPORT, RESOURCES, AND SERVICES.

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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 $441,267

Program Service Revenue $1,933,801

Investment Income $68

Other Revenue $0

TOTAL REVENUE $2,375,136

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,141,175

Fundraising Expenses $32,677

Program Expenses $1,579,781

Other Expenses $669,657

TOTAL EXPENSES $1,810,832

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,375,136	$1,860,574	+0.3%
Expenses	$1,810,832	$1,644,652	+0.1%
Net Income	$564,304	$215,922	+1.6%

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

102

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

$93,534

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL DEGNAN	CEO	40.00	Officer	$93,534	$0	$93,534
MICHAEL MCCORMICK	PRESIDENT	1.00	Officer Director	$0	$0	$0
KAREEM GONGORA	VICE CHAIR	1.00	Officer Director	$0	$0	$0
EMY SHIBUKAWA	TREASURER/SECRETARY	1.00	Officer Director	$0	$0	$0
ROGER DEGNAN	BOARD MEMBER	1.00	Director	$0	$0	$0
GRACIE TORRES	BOARD MEMBER	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
2025	$2,375,136	$1,810,832	$1,060,562	$564,304
2024	$1,860,574	$1,644,652	$520,125	$215,922
2023	$1,314,731	$1,666,208	$352,400	$-351,477
2022	$1,228,544	$890,155	$674,863	$338,389
2021	$707,322	$556,577	$354,509	$150,745
2020	$475,687	$441,466	$205,108	$34,221
2019	$478,599	$490,126	$110,148	$-11,527
2018	$714,609	$683,890	$171,907	$30,719