Hope Coalition Corp

Nonprofit profile at a glance

EIN
861730600
IRS 990 coverage
2022–2024
Forms available
Form 990 2024
Location
Hendersonville, NC, USA
Phone
8283887979
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alcohol, Drug and Substance Abuse, Dependency Prevention and Treatment

Reported finances

Revenue
$1,229,393
Expenses
$1,034,219
Assets
$1,088,258
Liabilities
$497,161

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

Leadership & pay

11 people listed

Executive titles in this filing

  • Julie Huneycutt (Executive Director)

Highest reported compensation

  • Julie Huneycutt (Executive Director): $94,707 total reported compensation
  • Henry Greenberg (Director Finance & Admin): $66,124 total reported compensation

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

Overview

Mission

Preventing substance use among youth and focusing on long-term recovery for anyone impacted by alcohol and drug addition.

What it reported doing in 2024

RCC: The Recovery Community Center. With a robust track record of serving 364 participants, our center stands as a cornerstone of support and empowerment. Offering a comprehensive array of services including peer support, case management, education, employment assistance vocational support, transportation aid, access to food and nutrition resources, and guidance with benefits applications, we are committed to addressing the multifaceted needs of those on the path to recovery. In 2024, the RCC served over 563 participants. Moreover, our impact extends beyond mere support - we take pride in our role in facilitating the successful placement of individuals into long-term treatment or recovery services, fostering sustainable transformations. Equipped with naloxone training and expertise in identifying and screening individuals with substance use disorders, our center serves as a beacon of hope and opportunity for all seeking a brighter, healthier tomorrow.

Operating model

Revenue model
Donor-supported. 72% of the money available for current operations came from contributions and gifts.
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 a large share of available resources goes toward mission work. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 62
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 51
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63%; rating input score 63
  • Program expense ratio: 66.8%; rating input score 67
  • Fundraising efficiency: $11.39 raised per $1 spent on fundraising; rating input score 42; 42nd 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: 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: 8 of 9 controls in place; rating input score 89
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.9%; rating input score 71; 71st percentile among comparable filings
  • Total-asset coverage ratio: 1.05; rating input score 44; 44th percentile among comparable filings
  • Liabilities to assets ratio: 0.46; rating input score 17; 17th percentile among comparable filings
  • Officer compensation ratio: 15.6%; rating input score 22; 22nd percentile among comparable filings

Growth

  • Program expense growth: 23.5% per year; rating input score 100; 86th percentile among comparable filings
  • Revenue growth: 7.7% per year; rating input score 100; 57th percentile among comparable filings
  • Asset growth: 24.2% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 63% of revenue deployed · 66.8% of spending went to programs
  • Governance: 9 of 9 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments · $690K in reported program spending
  • Leadership: top reported pay $95K · 11 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 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.

Key Signals

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

  • Moderate — Financial Efficiency: Fundraising efficiency scored 42/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 44/100.
  • High — Sustainability: Liabilities to assets ratio scored 17/100.
  • High — Sustainability: Officer compensation ratio scored 22/100.