Hopeworx Inc

Nonprofit profile at a glance

EIN
232811078
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Norristown, PA, USA
Phone
6102703685
Rating
88
Verdict
STRONG
Rating confidence
Moderate
Sector
Ambulatory Health Center, Community Clinic

Official website

Reported finances

Revenue
$2,267,692
Expenses
$2,295,996
Assets
$1,564,994
Liabilities
$682,031

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

Leadership & pay

9 people listed

Executive titles in this filing

  • SUE SORIANO (PRESIDENT)
  • TIM TUNNER (VICE PRESIDENT)
  • SUSAN SHANNON (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SUSAN SHANNON (EXECUTIVE DIRECTOR): $90,529 total reported compensation

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

Overview

Mission

Hopeworx provides mental health peer advocacy to people using services in montgomery county, pa. Hopeworx is contracted by the county to survey people who use services and their families, and to provide one on one support to individuals as they navigate the mental health system and other support systems. Hopeworx also hosts a community center which provides social opportunities to people in the mental health community as well as emergency food, clothing and other supplies to people who are housing insecure or in need.

What it reported doing in 2024

Familyworx (fw) - familyworx is an advocacy team comprised of parents and primary caregivers whose children are involved in the public health system. Team members work together to support parents and caregivers as someone who has "been in their shoes." the mission of familyworx is to support montgomery county families whose children and adolescents have behavioral health concerns navigate the public child serving systemsbehavioral health, juvenile justice, child welfare, and educationas well as connect with each other and community resources. Familyworx is a part of the montgomery county system of care community and is committed to creating an environment that meets the needs of young people and their families, working collaboratively to affect change as it relates to the child serving systems. The fw team is comprised of parents and primary caregivers who have experience navigating the child serving systems (education, juvenile justice, behavioral health, and more) with their own children. The fw team uses their own stories and experiences to help support other parents and guardians become their own best advocate for their children and families.

Operating model

Revenue model
Grant-funded. 75% of the money available for current operations came from government grants.
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

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 92
  • Accountability: 95
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 86.5%; rating input score 86
  • Program expense ratio: 85.4%; rating input score 85
  • Fundraising efficiency: $113.72 raised per $1 spent on fundraising; rating input score 88; 88th 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: 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: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -1.2%; rating input score 29; 29th percentile among comparable filings
  • Total-asset coverage ratio: 0.68; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings

Growth

  • Program expense growth: 11.5% per year; rating input score 100; 69th percentile among comparable filings
  • Revenue growth: 9% per year; rating input score 100; 64th percentile among comparable filings
  • Asset growth: 16.2% per year; rating input score 100; 77th percentile among comparable filings

Details

  • Where the money goes: 86.5% of revenue deployed · 85.4% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
  • Programs: 8 filed program accomplishments · $2M in reported program spending
  • Leadership: top reported pay $91K · 9 people listed
  • Consistency: 33 of 33 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • 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.

  • High — Sustainability: Operating margin scored 29/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • Review — Accountability: Governance controls: CEO compensation review process not reported.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.