Hope for Youth Inc

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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

1969

Legal Domicile

Phone

6316915100

Tax Period

2024-07-01 to 2025-06-30

Hope for Youth Inc, founded in 1969, is a mid-sized nonprofit that reported $16.1M in total revenue in fiscal year 2024.

Mission

Hope For Youth is dedicated to facilitating positive change in the lives of children,adolescents and families. We provide stable,nurturing,residential care,foster care,preventive and out-patient programs which educate,motivate and empower individuals to become self-sufficient and achieve their full potential.

Program Service Accomplishments

Program 1

Expenses: $2,146,420

Residential Group Homes - Hard to Place:Hope for Youth provides residential group homes for youth with complex needs, including a Sibling Reunification Program that helps brothers and sisters live...

Residential Group Homes - Hard to Place:Hope for Youth provides residential group homes for youth with complex needs, including a Sibling Reunification Program that helps brothers and sisters live together when they have been placed in separate foster homes. In a safe, structured, home-like setting, youth receive support, family involvement, and individualized treatment planning focused on reunification, adoption, or helping older teens move successfully toward independent living.

Program 2

Expenses: $1,675,775

Other clinical programs:Provide community-based and home-based interventions for high-risk youth, helping them improve behavior, strengthen family relationships, avoid deeper system involvement, and...

Program 3

Expenses: $1,637,901

Therapeutic Foster Care Program:Hope for Youth provides safe, supportive temporary homes for children and youth while they work toward reunification with relatives, adoption, or independent living...

Therapeutic Foster Care Program:Hope for Youth provides safe, supportive temporary homes for children and youth while they work toward reunification with relatives, adoption, or independent living. The program focuses on giving each child a stable, nurturing placement that supports healing, recovery, and long-term permanency. By carefully matching children from infancy through age 21 with the foster families best suited to their needs, Hope for Youth helps create more successful placements and reduce the need for multiple moves.

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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 (2024)

Revenue Breakdown

Contributions & Grants $5,452,902

Program Service Revenue $10,556,915

Investment Income $3,952

Other Revenue $61,400

TOTAL REVENUE $16,075,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,160,937

Fundraising Expenses $210,294

Program Expenses $12,960,008

Other Expenses $4,813,137

TOTAL EXPENSES $15,974,074

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,075,169	$15,484,641	+0.0%
Expenses	$15,974,074	$15,141,089	+0.1%
Net Income	$101,095	$343,552	-0.7%

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

208

Volunteers

N/A

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

$407,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Veteri	CFO	35.00	Officer	$145,342	$59,717	$205,059
Irma Edington	Executive Dir.	35.00	Officer	$182,741	$19,292	$202,033
CHRISTOPHER FISCHER	ASST EXEC. DIRECTOR	35.00		$151,055	$27,836	$178,891
DAVID J HEGARTY PH	Former Executive Director	35.00		$91,210	$37,221	$128,431
Peter Breckling	Board member	0.00	Director	$0	$0	$0
MARK SILVERMAN ESQ	Board Member	0.00	Director	$0	$0	$0
Elizabeth S Sy ESQ	Vice President	0.00	Officer Director	$0	$0	$0
Frank McVeigh	President	0.00	Officer Director	$0	$0	$0
Anthony Cummings Esq	Board member	0.00	Director	$0	$0	$0
JAMES WASENIUS	Vice President	0.00	Officer Director	$0	$0	$0
SANDRA RADNA ESQ	BOARD MEMBER	0.00	Director	$0	$0	$0
David Zwaik	Secretary	0.00	Officer 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
2025	$16,075,169	$15,974,074	$10,396,986	$101,095
2024	No data	No data	No data	No data
2023	$15,237,303	$15,054,207	$11,103,176	$183,096
2022	$16,021,934	$13,944,186	$11,028,859	$2,077,748
2021	$14,335,992	$13,583,985	$10,865,800	$752,007
2020	$12,564,487	$12,510,247	$9,698,304	$54,240
2019	$11,042,955	$12,135,693	$8,313,957	$-1,092,738
2018	$11,981,374	$11,458,253	$9,212,096	$523,121