Helping Hands for Single Moms

What it reported doing in 2024

In 2024, helping hands for single moms provided over $1 million in scholarships and supportive services through our scholarships plus assistance program. Below is a breakdown of key benefits offered: scholarships: our scholarship program provided $4,000 annual unrestricted scholarships to 135 single mom college student families. Spring graduates "shared" a scholarship with their summer or fall replacements. These funds helped the mom pay basic expenses for their families.no-cost auto repair : through our on the road and in college program, 71 families received critical auto repair (continued on page 45)services or tire replacements. We cover the cost of parts, while 31 participating auto shops donate their labor. Aaa towing memberships: to provide comprehensive automotive support, 135 single mom college student families received aaa towing memberships, ensuring reliable assistance in case of vehicle breakdowns.rent assistance: 38 housing-insecure single mom college student families received rent assistance of $500 per month, providing stability and preventing homelessness. Single mom college community meetings: two support groups meet every six weeks, providing food, encouragement, and a safe space for connection. These gatherings foster peer-to-peer support, mentoring, and meaningful discussions on parenting, time management, finances, and life challengeshelping single mom college students build a strong, supportive community.holiday happiness: this annual celebration drew more than 350 attendees, where single mom college students were honored and encouraged. Moms wrapped gifts for their childrengenerously provided by local businesses, churches, community partners, individual sponsors, and helping hands for single moms alumnae.dental and eyecare: sixteen moms received a total of 49 vision and dental checkups and treatments, provided through our community partners. In-kind services : single mom college student families received donated goods and services valued at more than $200,000.

Financial Efficiency

• Mission deployment rate: 73.8%; rating input score 74
• Program expense ratio: 73%; rating input score 73
• Fundraising efficiency: $4.68 raised per $1 spent on fundraising; rating input score 16; 16th percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
• Pay-setting controls: Limited
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Fail
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: -0.6%; rating input score 34; 34th percentile among comparable filings
• Total-asset coverage ratio: 0.76; rating input score 34; 34th percentile among comparable filings
• Liabilities to assets ratio: 0.05; rating input score 52; 52nd percentile among comparable filings
• Officer compensation ratio: 7.2%; rating input score 46; 46th percentile among comparable filings

Growth

• Program expense growth: 9.4% per year; rating input score 100; 61st percentile among comparable filings
• Revenue growth: 11.7% per year; rating input score 100; 71st percentile among comparable filings
• Asset growth: 24.5% per year; rating input score 100; 87th percentile among comparable filings