RAY OF HOPE FOUNDATION INC

EIN: 223758869 501(c)(3) Health Care

MINE HILL, NJ

Total Revenue
$25,331
Total Expenses
$51,580
Total Assets
$242,855
Net Assets
$242,855
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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
2003
Legal Domicile
NJ
Principal Officer
DIANA SALTARELLI
Phone
5516554109
Tax Period
2024-01-01 to 2024-12-31

RAY OF HOPE FOUNDATION INC, founded in 2003, is a micro nonprofit in the Health Care sector that reported $25K in total revenue in fiscal year 2024. Expenses of $52K exceeded revenue, resulting in a 104% operating deficit.

Mission

HELP NEEDY CHILDREN

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,641
Program Service Revenue $0
Investment Income $14,690
Other Revenue $0
TOTAL REVENUE $25,331

Expense Breakdown

Grants Paid $28,632
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $28,632
Other Expenses $22,948
TOTAL EXPENSES $51,580

Year-over-Year Comparison

2024 2023 Change
Revenue $25,331 $-2,255 -12.2%
Expenses $51,580 $49,055 +0.1%
Net Income $-26,249 $-51,310 -0.5%
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

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Governance

Voting Members
2
Independent Members
2
Employees
N/A
Volunteers
2

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
3
$0
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANA SALTARELLI DIRECTOR 10.00
Officer
$0 $0 $0
DEBBIE SCHERMAN SECRETARY 10.00
Officer
$0 $0 $0
HEIDI BAGONIS DIRECTOR 10.00
Officer
$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 No data No data No data No data
2024 $25,331 $51,580 $242,855 $-26,249
2023 $-2,255 $49,055 $269,104 $-51,310
2022 $-24,796 $54,472 $320,413 $-79,268
2021 $46,463 $54,567 $399,680 $-8,104
2020 $23,466 $55,515 $416,366 $-32,049
2019 $219,829 $36,190 $452,812 $183,639
2018 $16,468 $22,217 $269,472 $-5,749
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