HOPE ONLINE LEARNING ACADEMY CO-OP

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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

2004

Legal Domicile

Phone

7204023000

Tax Period

2024-07-01 to 2025-06-30

HOPE ONLINE LEARNING ACADEMY CO-OP, founded in 2004, is a mid-sized nonprofit in the Education sector that reported $17.0M in total revenue in fiscal year 2024.

Mission

HOPE Online Learning Academy Co-Op is a tuition-free public charter school serving students in grades 6-12 through a blended learning model. Combining online coursework with in-person instruction, HOPE offers a flexible, supportive, and engaging environment where students can thrive both academically and personally. Students attend a community-based learning site-either in person or virtually-throughout the week, rotating between online and classroom instruction. The curriculum is delivered primarily online, supported by both onsite and online educators. HOPE's learning culture is guided by its four pillars: Attend, Achieve, Affiliate, and Aspire.

Program Service Accomplishments

Program 1

Expenses: $15,216,883 Revenue: $0

HOPE IS A COLORADO PUBLIC CHARTER SCHOOL. DURING THE 2024-2025 SCHOOL YEAR, HOPE EDUCATED APPROXIMATELY 1,300 STUDENTS IN GRADES 6-12.

Program 2

Expenses: $390,386 Revenue: $0

HOPE OPERATES A SCHOOL BREAKFAST AND LUNCH PROGRAM SERVING STUDENTS IN MANY OF OUR LEARNING SITE LOCATIONS.

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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 $16,951,928

Program Service Revenue $0

Investment Income $5,433

Other Revenue $12,148

TOTAL REVENUE $16,969,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,172,691

Fundraising Expenses $0

Program Expenses $15,607,269

Other Expenses $11,716,944

TOTAL EXPENSES $17,889,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,969,509	$17,339,542	0.0%
Expenses	$17,889,635	$17,651,948	+0.0%
Net Income	$-920,126	$-312,406	+1.9%

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

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

$234,158

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL DE LA CRUZ	CO-CHAIR	1.0	Officer Director	$0	$0	$0
KIM ROSSI	CO-CHAIR	1.0	Officer Director	$0	$0	$0
KRISTINE TURNER	VICE CHAIR	1.0	Officer Director	$0	$0	$0
JEFF VIGIL	DIRECTOR	1.0	Director	$0	$0	$0
JERRY DEMMER	DIRECTOR	1.0	Director	$0	$0	$0
HEATHER OMARA	CEO	40.0	Officer	$197,317	$36,841	$234,158

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	$16,969,509	$17,889,635	$3,842,233	$-920,126
2024	No data	No data	No data	No data
2023	$19,176,553	$19,821,765	$4,575,653	$-645,212
2022	$20,891,774	$20,459,942	$6,113,571	$431,832
2021	$12,556,368	$12,241,300	$2,436,117	$315,068
2020	$19,334,421	$15,882,586	$3,219,300	$3,451,835
2019	$18,836,479	$17,899,524	$1,637,192	$936,955
2018	$18,742,956	$26,614,933	$1,947,199	$-7,871,977