A Ray Of Hope On Earth

EIN: 263906476 501(c)(3) Religion

Chicago, IL

Total Revenue
$650,663
Total Expenses
$470,379
Total Assets
$236,393
Net Assets
$226,930
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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
2008
Phone
8556544673
Tax Period
2024-01-01 to 2024-12-31

A Ray Of Hope On Earth, founded in 2008, is a small nonprofit in the Religion sector that reported $651K in total revenue in fiscal year 2024. Revenue surged 57% from the prior year, signaling strong growth momentum. The organization ran a surplus of $180K, a strong 28% operating margin.

Mission

TO PROVIDE MINISTRY AND MENTORING SERVICES

Program Service Accomplishments

Program 1
Expenses: $13,240

MENTORING DESCRIPTION: THE MENTORING PROGRAM SERVICEAS MIDDLE SCHOOL BOYS FROM 6-8TH GRADE AT FOUR INNER CITY SCHOOLS ON THE WEST AND SOUTH SIDE OF CHICAGO BIWEEKLY. THE MENTORING PROGRAM TEACHES...

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MENTORING DESCRIPTION: THE MENTORING PROGRAM SERVICEAS MIDDLE SCHOOL BOYS FROM 6-8TH GRADE AT FOUR INNER CITY SCHOOLS ON THE WEST AND SOUTH SIDE OF CHICAGO BIWEEKLY. THE MENTORING PROGRAM TEACHES GOAL SETTING, MORALS, CONFLICT RESOLUTION SKILLS, LEADERSHIP, AND THE VALUE OF LIFE TO THEM AND THOSE AROUND THEM.

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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 $617,636
Program Service Revenue $0
Investment Income $0
Other Revenue $33,027
TOTAL REVENUE $650,663

Expense Breakdown

Grants Paid $0
Salaries & Benefits $261,162
Fundraising Expenses $89,677
Program Expenses $300,961
Other Expenses $209,217
TOTAL EXPENSES $470,379

Year-over-Year Comparison

2024 2023 Change
Revenue $650,663 $415,365 +0.6%
Expenses $470,379 $416,238 +0.1%
Net Income $180,284 $-873 -207.5%
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
10
Independent Members
10
Employees
4
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
1
$200,000
Total Directors
8
$200,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAYMOND MCELROY PRESIDENT 40
Officer Director
$200,000 $0 $200,000
MICHELLE MCELROY DIRECTOR 0
Director
$0 $0 $0
STEVE WILLE DIRECTOR 0
Director
$0 $0 $0
DENNIS RIZO DIRECTOR 0
Director
$0 $0 $0
JOHNATHAN HAUSER DIRECTOR 0
Director
$0 $0 $0
KEITH RICHARDS DIRECTOR 0
Director
$0 $0 $0
SEAN THOMAS DIRECTOR 0
Director
$0 $0 $0
RON LOFTON SR DIRECTOR 0
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
2024 $650,663 $470,379 $236,393 $180,284
2023 $415,365 $416,238 $46,646 $-873
2022 $297,637 $358,658 $137,606 $-61,021
2021 $205,924 $137,691 $217,440 $68,233
2019 $157,290 $149,394 $49,267 $7,896
2018 $205,714 $209,744 $41,332 $-4,030
2017 $175,813 $171,424 $45,401 $4,389
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