Worc4Hope Inc
Nonprofit profile at a glance
- EIN
- 474556217
- IRS 990-EZ coverage
- 2022–2022
- Forms available
- Form 990-EZ 2022, Form 990-N 2019
- Location
- Saint Petersburg, FL, USA
- Phone
- 8138676008
- Rating
- 91
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Employment Procurement Assistance
Reported finances
- Revenue
- $168,400
- Expenses
- $164,432
- Assets
- $57,255
Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.
Leadership & pay
4 people listed
Executive titles in this filing
- Clarence E Cubby Jr (President)
People named in this filing
- Clarence E Cubby Jr (President)
- Kateral Hunter (Treasurer)
- Shirley Mobley (Secretary)
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 2022. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Enhance community by offering resources such as financial health and well being in addition to social services and employment skill as well as as strong foundation
What it reported doing in 2022
Provided transition work for casual labor events throughRaymond James and Tropicana organizations
Operating model
- Revenue model
- Earned-program. 100% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 66% for direct work, and 34% for member benefits.
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: 99
- Transparency & Controls: 100
- Sustainability: 28
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 97.6%; rating input score 98
- Program expense ratio: 100%; rating input score 100
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 2.4%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.35; rating input score 27; 27th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 36.5%; rating input score 9; 9th percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 97.6% of revenue deployed · 100% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $164K in reported program spending
- Leadership: top reported pay $0 · 4 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 3 filed schedules
- Contacts: How to reach this organization
- Money network: 4 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: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 27/100.
- High — Sustainability: Officer compensation ratio scored 9/100.