Hopebound Mental Health
Nonprofit profile at a glance
- EIN
- 844008940
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024, Form 990-N 2019
- Location
- Atlanta, GA, USA
- Phone
- 4045076149
- Rating
- 70
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Mental Health, Crisis Intervention N.E.C.
Reported finances
- Revenue
- $816,821
- Expenses
- $825,296
- Assets
- $274,003
- Liabilities
- $5,558
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Terrill McFarland (CEO)
Highest reported compensation
- Terrill McFarland (CEO): $75,961 total reported compensation
- Christina Guilbeau (Interim Treas): $32,925 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hopebound provides adolescents from marginalized communities with in-person or video-based mental health counseling, free of charge or at low cost, provided by supervised mental health clinician interns.
What it reported doing in 2024
Hopebound exists to ensure that every young person aged 10-18, especially those with marginalized identities, has access to therapy. Our mission is twofold: caring for the youth of today while training the therapists of tomorrow. We are committed to providing high-quality mental health care that is radically inclusive and norm-defying, centering on BIPOC, queer, and low-income communities. We utilize emerging masters and doctoral level clinicians as our providers, many of whom share the background of our youth, and focus on providing them with expert training to ensure that the low cost of their services does not translate to a lower quality of care. To date, we have provided over 4,000 individual therapy sessions to youth at no or low-cost and have provided dozens of group therapy sessions and mental health workshops in partnership with local community organizations.
Operating model
- Revenue model
- Donor-supported. 99% 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.
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 a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 49
- Transparency & Controls: 92
- Accountability: 84
- Sustainability: 31
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.5%; rating input score 51
- Program expense ratio: 50%; rating input score 50
- Fundraising efficiency: $9.85 raised per $1 spent on fundraising; rating input score 37; 37th 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: 80%; rating input score 80; 18th 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: -1%; rating input score 33; 33rd percentile among comparable filings
- Total-asset coverage ratio: 0.33; rating input score 16; 16th percentile among comparable filings
- Liabilities to assets ratio: 0.02; rating input score 62; 62nd percentile among comparable filings
- Officer compensation ratio: 13.2%; rating input score 27; 27th percentile among comparable filings
Growth
- Program expense growth: 32.2% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 14.1% per year; rating input score 100; 77th percentile among comparable filings
- Asset growth: -13.6% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 50.5% of revenue deployed · 50% of spending went to programs
- Governance: 4 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $413K in reported program spending
- Leadership: top reported pay $76K · 7 people listed
- Consistency: 28 of 28 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 5 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- 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.
- Review — Financial Efficiency: Mission deployment rate scored 51/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.
- Moderate — Financial Efficiency: Fundraising efficiency scored 37/100.
- Moderate — Sustainability: Operating margin scored 33/100.
- High — Sustainability: Total-asset coverage ratio scored 16/100.
- High — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 27/100.