FLASHES OF HOPE

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

LISA CENCULA

Phone

4404429700

Tax Period

2021-01-01 to 2021-12-31

FLASHES OF HOPE, founded in 2001, is a small nonprofit that reported $120K in total revenue in fiscal year 2021. Revenue fell 71% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $80K, a strong 66% operating margin.

Mission

TO PHOTOGRAPH CHILDREN WITH LIFE THREATENING ILLNESSES AND RAISE MONEY FOR PEDIATRIC CANCER RESEARCH.

Program Service Accomplishments

Program 1

FLASHES OF HOPE IS A NATIONAL NONPROFIT ORGANIZATION THAT CREATES UPLIFTING PORTRAITS OF CHILDREN FIGHTING CANCER AND OTHER LIFE THREATENING ILLNESSES AND RAISES MONEY FOR PEDIATRIC CANCER RESEARCH. FAMILIES PHOTOGRAPHED RECEIVE A GENEROUS PORTRAIT PACKAGE, FREE OF CHARGE. THE PHOTOGRAPHS, TAKEN BY AWARD WINNING PHOTOGRAPHERS, HELP CHILDREN FEEL BETTER ABOUT THEIR CHANGING APPEARANCE BY CELEBRATING IT. FOR FAMILIES OF ILL CHILDREN, IT IS ESPECIALLY IMPORTANT TO HAVE A PORTRAIT THAT PRESERVES FOREVER THE MEMORY, BRAVERY, AND DIGNITY OF THEIR CHILD.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $120,416

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $120,418

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,667

Fundraising Expenses $0

Other Expenses $28,677

TOTAL EXPENSES $40,344

Year-over-Year Comparison

	2021	2020	Change
Revenue	$120,418	$414,551	-0.7%
Expenses	$40,344	$597,961	-0.9%
Net Income	$80,074	$-183,410	-1.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON CLARKE	CO-FOUNDER	15.00	Director	$0	$0	$0
PETER PARAS	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK NASCA	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW FRIEDMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB TULL	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
GRETCHEN LEVY	BOARD MEMBER	1.00	Director	$0	$0	$0
KIP CLARKE	CO-FOUNDER	1.00	Director	$0	$0	$0
BILL TRAINOR	BOARD TREASURER	1.00	Officer Director	$0	$0	$0
ROB MACKINLAY	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
MURAD BEG	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LUTTNER	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN EAGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
KIM PONSKY	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY CAPIZZANI MD	BOARD MEMBER	1.00	Director	$0	$0	$0
COURTNEY SARGENT	BOARD MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2021	$120,418	$40,344	No data	$80,074
2020	$414,551	$597,961	$536,828	$-183,410
2019	$1,489,965	$1,702,889	$818,323	$-212,924
2018	$1,793,699	$1,768,274	$868,024	$25,425