Voices of Hope Lexington Inc

Nonprofit profile at a glance

EIN
810821411
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018, Form 990-N 2016
Location
Lexington, KY, USA
Phone
8593037671
Rating
86
Verdict
STRONG
Rating confidence
Moderate
Sector
Alcohol, Drug and Substance Abuse, Dependency Prevention and Treatment

Official website

Reported finances

Revenue
$7,522,693
Expenses
$5,242,665
Assets
$4,529,596
Liabilities
$797,571

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

Leadership & pay

12 people listed

Executive titles in this filing

  • SHELLEY ELSWICK (PRESIDENT)

Highest reported compensation

  • SHELLEY ELSWICK (PRESIDENT): $72,006 total reported compensation

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

Overview

Mission

Reduce overdoses and deaths and the stigma associated with addiction. Partner with leaders (public and private) in the sectors of criminal justice, education, enforcement, faith-based, government, healthcare, public safety, and social services to offer harm reduction solutions by educating, equipping and empowering all who are closely involved with those suffering from addiction. Engage, educate and empower active users and the community about the benefits of naloxone and other harm reduction education solutions. Facilitate persons in recovery and interested others in expanded the community's capacity to support one another to address the problems of addiction and daily living. Increase and broaden the inclusion of persons in recovery in employment, housing, and all areas of life. Advocate for the best interests of persons in recovery as needed.

What it reported doing in 2024

Recovery support services telephone recovery support (trs): people in recovery receive a weekly recovery checkup call and referral to resources. 7,747 successful calls were made in 2024.recovery coaching: one hour weekly one on one sessions support participants through identifying and breaking down barriers to achieve sustained recovery. 23,441 interactions with coaching participants occurred during 2024. Embedded recovery coashes in 42 agencies in 23 counties. Meetings: in 2024 voh hosted 23 meetings each week at the center and a total of 3,270 meetings in the community outside of the center. The meetings had a total of 23,708 attendees.harm reduction: had 9,269 visits with the mobile service, distributed 1,559 fentanyl test strip kits, provided appliance access to allow 665 loads of laundry to be cleaned, provided HIV/hep c testing, served meals through the mobile unit.distributed 4,149 naloxone kits. Total harm reduction supplies distributed for 2024 - 10,885.community events: hosted various events for individuals in our community including monthly community meals, recovery awareness day, gift program for christmas, trick of treating, and numerous sober socials. During 2024, meals were served to over 1,001 individuals at our events.2024 pro social attendance - 4,7832024 rcc total visitors - 12,040

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 95% 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. Total assets are small relative to annual expenses; liquid coverage is unknown and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 94
  • Accountability: 95
  • Sustainability: 64
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 63.7%; rating input score 64
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: $138.92 raised per $1 spent on fundraising; rating input score 89; 89th 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: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 91.7%; rating input score 92; 22nd percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • 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: 30.3%; rating input score 84; 84th percentile among comparable filings
  • Total-asset coverage ratio: 0.86; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.18; rating input score 47; 47th percentile among comparable filings
  • Officer compensation ratio: 1.4%; rating input score 79; 79th percentile among comparable filings

Growth

  • Program expense growth: 38.8% per year; rating input score 100; 95th percentile among comparable filings
  • Revenue growth: 40.6% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 41.2% per year; rating input score 100; 96th percentile among comparable filings

Details

  • Where the money goes: 63.7% of revenue deployed · 90.8% of spending went to programs
  • Governance: 11 of 12 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $4.8M in reported program spending
  • Leadership: top reported pay $72K · 12 people listed
  • Consistency: 30 of 30 current checks pass
  • Schedules: 5 filed schedules · includes major donors and grants
  • Filing history: 6 filing years from 2019 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.

  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 47/100.