Resources of Hope Inc
Nonprofit profile at a glance
- EIN
- 830840230
- IRS 990-EZ coverage
- 2021–2024
- Forms available
- Form 990 2023, Form 990-EZ 2024, Form 990-N 2020
- Location
- Whiteland, IN, USA
- Phone
- 3173004757
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Family Services
Reported finances
- Revenue
- $148,859
- Expenses
- $174,632
- Assets
- $200,695
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
People named in this filing
- RENAE FURNEE (EXECUTIVE DI)
- NIKKOLE SEAL (EXECUTIVE AS)
- TONY BADOLATO (BOARD PRESID)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We know that 50% of foster parents quit after their first year or first placement. Our programs are designed to walk alongside foster parents and support them however we can to help them foster longer while empowering them to be more equip to handle the kids in their care.
What it reported doing in 2024
Teen connect is our second largest program. We meet weekly with youth ages 12-17 that are currently in foster/kinship care or those adopted from it. At all of our events, we engage in dinner and conversation. We also have planned activity of interest to the teens while teaching valuable life skills. The goal of teen connect is inspiration, personal advancement and empowerment. We believe that these goals can be achieved through engaging activities and relationships with others in a positive atmosphere.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
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 reported officer compensation is a large share of total spending, which may reflect staffing concentration.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 75
- Sustainability: 24
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 90.2%; rating input score 90
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 3rd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -17.3%; rating input score 9; 9th percentile among comparable filings
- Total-asset coverage ratio: 1.15; rating input score 64; 64th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 37.9%; rating input score 8; 8th percentile among comparable filings
Growth
- Program expense growth: 100.2% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 17.9% per year; rating input score 100; 81st percentile among comparable filings
- Asset growth: 26.1% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 90.2% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 4 filed program accomplishments · $158K in reported program spending
- Leadership: top reported pay $0 · 8 people listed
- Consistency: 6 of 6 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Money network: 6 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.
- High — Sustainability: Operating margin scored 9/100.
- High — Sustainability: Officer compensation ratio scored 8/100.