Hope Clinic for Women
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615-321-0005
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1810 Hayes Street
Nashville, TN 37203
Organization Details

Fiscal Year

Fiscal Year Start

10/01/2019

Fiscal Year End

09/30/2020

Projected Revenue

$1,013,200.00

Projected Expenses

$1,012,416.00

Organizational Budgets and Other Documents

Hope Clinic for Women 2019-2020 Budget 2020
Hope Clinic for Women 2018-2019 Budget 2019
Hope Clinic for Women 2017-2018 Budget 2018
Hope Clinic for Women 2016-2017 Budget 2017
Hope Clinic for Women 2015-2016 Budget 2016
Hope Clinic for Women 2014-2015 Budget 2015
2014 Annual Report 2014
hope clinic for women 2013-2014 budget 2014
2013 Annual Report 2013
Hope Clinic for Women 2013 Budget 2013
Hope Clinic for Women 2013 Fiscal Yr Change Letter 2013
Hope Clinic for Women 2012 Budget 2012
Hope Clinic for Women 2011 Budget 2011
hope clinic for women 2010 budget 2010
hope clinic for women 2009 budget 2009
hope clinic for women 2008 budget 2008
hope clinic for women 2007 budget 2007
hope clinic for women 2006 budget 2006

IRS Letter of Exemption

hope clinic for women irs ltr

Detailed Financials

Revenue and Expenses
Fiscal Year201920182017
Total Revenue $1,316,304.00$1,005,252.00$1,006,304.00
Total Expenses $1,039,421.00$973,734.00$928,387.00
Revenue Less Expenses $276,883.00$31,518.00$77,917.00

Revenue Sources
Fiscal Year201920182017
Foundation and Corporation Contributions $0.00$0.00$470,620.00
Government - Federal $0.00$0.00$0.00
Government - State $0.00$0.00$29,984.00
Government - Local $0.00$0.00$0.00
Government - Unspecified $0.00$0.00$0.00
Individual Contributions $1,097,537.00$828,110.00$289,487.00
Indirect Public Support $0.00$0.00$0.00
Earned Revenue $32,888.00$27,686.00$35,403.00
Investment Income, Net of Losses $2,253.00$0.00$0.00
Membership Dues $0.00$0.00$0.00
Special Events $183,246.00$147,873.00$180,478.00
Revenue In-Kind $0.00$0.00$0.00
Other $380.00$1,583.00$332.00

Expense Allocation
Fiscal Year201920182017
Program Expense $815,250.00$761,539.00$749,438.00
Administration Expense $129,267.00$122,665.00$115,074.00
Fundraising Expense $94,904.00$89,530.00$63,875.00
Total Revenue/Total Expenses 127%103%108%
Program Expense/Total Expenses 78%78%81%
Fundraising Expense/Contributed Revenue 9%9%7%

Top Funding Sources
Fiscal Year201920182017
Top Funding Source & Dollar Amount Contributions, Gifts, and Grants
$1,097,537.00
Contributions, Gifts, and Grants
$828,110.00
Foundations and Corporations
$470,620.00
Second Highest Funding Source & Dollar Amount Fundraising Events
$183,246.00
Fundraising Events
$147,873.00
Contributions, Gifts, and Grants
$289,487.00
Third Highest Funding Source & Dollar Amount Program Revenue
$32,888.00
Program Revenue
$27,686.00
Fundraising Events
$180,478.00

Assets and Liabilities
Fiscal Year201920182017
Total Assets $837,948.00$574,176.00$567,782.00
Current Assets $404,712.00$174,289.00$198,492.00
Long-Term Liabilities $192,617.00$199,287.00$205,508.00
Current Liabilities $10,196.00$22,454.00$41,357.00
Total Net Assets $635,135.00$352,435.00$320,917.00

Endowment Info

Do you have an endowment?

Yes

What is the spending policy for your endowment?

Percentage

Capital Campaign Info

Are you currently in a Capital Campaign?

No

Do you anticipate a campaign in the next 5 years?

No

What is the campaign goal?

$0.00

Campaign Raised to Date Amount

$0.00

Solicitation Permit Info

State Charitable Solicitations Permit

Yes

Permit Expiration Month

March

Permit Expiration Year

2020

Form 990s

Hope Clinic for Women 2018-2019 990 2019
Hope Clinic for Women 2017-2018 990 2018
Hope Clinic for Women 2016-2017 990 2017
Hope Clinic for Women 2015-2016 990 2016
Hope Clinic for Women 2014-2015 990 2015
Hope Clinic for Women 2013-2014 990 2014
Hope Clinic for Women 2013 990 2013
Hope Clinic for Women 2012 990 2012
Hope Clinic for Women 2011 990 2011
Hope Clinic for Women 2010 990 2010
hope clinic for women 2009 990 2009
hope clinic for women 2008 990 2008
hope clinic for women 2007 990 2007
hope clinic for women 2006 990 2006
hope clinic for women 2005 990 2005
hope clinic for women 2004 990 2004

Audit Documents

Hope Clinic for Women 2018-2019 Audit 2019
Hope Clinic for Women 2017-2018 Audit 2018
Hope Clinic for Women 2016-2017 Audit 2017
Hope Clinic for Women 2015-2016 Audit 2016
Hope Clinic for Women 2014-2015 Audit 2015
hope clinic for women 2013-2014 audit 2014
hope clinic for women 2013 audit 2013
hope clinic for women 2012 audit 2012
hope clinic for women 2011 audit 2011
hope clinic for women 2010 audit 2010
hope clinic for women 2009 audit 2009
hope clinic for women 2008 audit 2008
hope clinic for women 2007 audit 2007
hope clinic for women 2006 audit 2006
hope clinic for women 2005 audit 2005
hope clinic for women 2004 audit 2004

CEO/Executive Director/Board Comments


When Hope Clinic's CEO arrived in 2004, it was her aim to ensure we operated with a cash based accounting model year round. The aim was to never spend more than we received and not 'count on' pledges to make current spending decisions. The CEO also reduced Operating/Admin expenses by 25% her first year. In the last 10 years the operating budget has doubled but the client visit rate has grown by 500%. The current CEO has a BS in Finance and meets monthly with the Business Committee to review P&Ls, Balance Sheets, and projection reports. Typically her projections are within 2% of actual. This is a difficult process as 98% of the nearly 800,000 budget is donations with less than 20% pledged and over 36% arriving from Thanksgiving through December 31. Because of this cycle the Board agreed to move the fiscal year from January-December to October-September. This will allow the CEO and Board to have more time to react to any large change in year-end donations. This was accomplished in 2013 and has made a significant difference in meeting budget needs and making adjustments in the 2013/2014 fiscal year. There were two years that a significant operating loss occurred. In 2008-2009 Hope Clinic was in the middle a capital campaign. This coincided with the market crash. We took a 289,000 loss that year. In 2011 we increased program staff to help the exploding client numbers and had 3 significant changes in funding that were not known until the last quarter of the fiscal year. We took an 89,000 loss that year. The other significant item affecting our financials was the sale of the maternity home in 2011 and the $220,000 loss we took on the value of the home vs. the sales price. These journal entry adjustments for accruals and pledges impact final numbers seen in our audits over the last few years. Paying down debt and building a cash reserve is paramount for Hope Clinic. The line of credit balance is at $0 and just this past fiscal year able to move $25,000 to an unrestricted cash reserve account.

Foundation Staff Comments


Financial figures taken from the 990. Financials completed by Bellenfant & Miles, PLLCSchedule B removed for donor privacy. Comments provided by Paige Dempsey 3/16/2020.