Hope and Home

Nonprofit profile at a glance

EIN
841467476
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Colorado Springs, CO, USA
Phone
7195759887
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$7,591,341
Expenses
$5,032,178
Assets
$21,052,945
Liabilities
$2,548,668

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

12 people listed

Executive titles in this filing

  • ROSS WRIGHT (EXECUTIVE DIRECTOR)

Highest reported compensation

  • ROSS WRIGHT (EXECUTIVE DIRECTOR): $387,301 total reported compensation
  • JACQUELYN THURMAN (CLINICAL & DEPUTY DIRECTOR): $166,353 total reported compensation
  • JESSICA CONDRA (CFO / COO): $138,498 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Hope & home creates ways for amazing people to change the lives of children in foster care. As a nondenominational christian charity, hope & home trains, certifies, and actively supports foster families across the state of Colorado. (continued on schedule o)children who have experienced abuse or neglect that are removed from their homes can be placed with stable and nurturing families until it is safe for them to go home, be placed with a relative, or be given a forever home through adoption.

What it reported doing in 2024

Hope & home is a nonprofit organization dedicated to supporting children, youth, and families involved in the child welfare system by providing safe, stable, and nurturing foster homes. Hope & home is committed to creating permanence for children through strong, healthy families whether they return to their birth parents, a relative, or are adopted by their foster family. (continued on schedule o)through a trauma-informed and family-centered approach, hope & home recruits, trains, and supports foster families to ensure children receive consistent care that promotes healing, permanency, and well-being. Services include caregiver training and licensing support, ongoing clinical and supervisory oversight, individualized treatment planning, and coordination with child welfare agencies, schools, and behavioral health providers. Hope & home prioritizes placement stability, reunification when safe and appropriate, and long-term positive outcomes for children and families. The organization also provides crisis intervention support, skill-building resources, and wraparound services.the ultimate mission of hope & home is to create safe and supportive home environments where children can heal from trauma, build resilience, and achieve permanency through reunification, guardianship, or adoption when appropriate.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 49
  • Transparency & Controls: 84
  • Accountability: 91
  • Sustainability: 73
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 43.4%; rating input score 43
  • Program expense ratio: 70.8%; rating input score 71
  • Fundraising efficiency: $4.41 raised per $1 spent on fundraising; rating input score 14; 14th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • 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 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 33.7%; rating input score 86; 86th percentile among comparable filings
  • Total-asset coverage ratio: 4.18; rating input score 81; 81st percentile among comparable filings
  • Liabilities to assets ratio: 0.12; rating input score 55; 55th percentile among comparable filings
  • Officer compensation ratio: 13.8%; rating input score 21; 21st percentile among comparable filings

Growth

  • Program expense growth: 6% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 8.8% per year; rating input score 100; 63rd percentile among comparable filings
  • Asset growth: 17.5% per year; rating input score 100; 80th percentile among comparable filings

Details

  • Where the money goes: 43.4% of revenue deployed · 70.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $3.6M in reported program spending
  • Leadership: top reported pay $387K · 12 people listed · 4 of 6 pay-setting controls reported
  • Consistency: 33 of 33 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Financial Efficiency: Mission deployment rate scored 43/100.
  • High — Financial Efficiency: Fundraising efficiency scored 14/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Officer compensation ratio scored 21/100.
  • Review — Sustainability: Liabilities to assets ratio scored 55/100.