HOPE ON A STRING

EIN: 274651878 501(c)(3) International Affairs

READING, MA

Total Revenue
$295,811
Total Expenses
$598,937
Total Assets
$222,775
Net Assets
$206,121
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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
2011
Legal Domicile
NY
Principal Officer
STACIE KOSINSKI
Phone
6464694114
Tax Period
2023-01-01 to 2023-12-31

HOPE ON A STRING, founded in 2011, is a small nonprofit in the International Affairs sector that reported $296K in total revenue in fiscal year 2023. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $599K exceeded revenue, resulting in a 102% operating deficit.

Mission

HOPE ON A STRING IS A NON-PROFIT, GRASSROOTS ORGANIZATION THAT SEEKS TO FOSTER AN ENVIRONMENT OF SOCIAL TRANSFORMATION AND ECONOMIC DEVELOPMENT IN HAITI THROUGH PARTICIPATION IN MUSIC.

Program Service Accomplishments

Program 1
Expenses: $506,548 Revenue: $4,231

HOPE ON A STRING (HOAS) RUNS TWO KEY PROGRAMS IN THE ARCHAIAE REGION. THE COMMUNITY CENTER OFFERS A WIDE RANGE OF PERFORMING ARTS CLASSES IN MUSIC, DANCE, AND THEATER, PRIORITIZING LOCAL YOUTH BUT...

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HOPE ON A STRING (HOAS) RUNS TWO KEY PROGRAMS IN THE ARCHAIAE REGION. THE COMMUNITY CENTER OFFERS A WIDE RANGE OF PERFORMING ARTS CLASSES IN MUSIC, DANCE, AND THEATER, PRIORITIZING LOCAL YOUTH BUT OPEN TO ALL. THE CENTER ALSO SERVES AS A SPACE FOR COMMUNITY DIALOGUE, SKILL-BUILDING, AND GROUP ACTIVITIES. THE SCHOOL PARTNERSHIP PROGRAM WORKS WITH OVER 44 SCHOOLS, PROVIDING MORE THAN 4,000 STUDENTS WITH AT LEAST THREE HOURS OF MUSIC AND CULTURAL EDUCATION WEEKLY. THIS PROGRAM OFFERS TRAINED INSTRUCTORS AND RESOURCES, ENRICHING STUDENTS' EDUCATION AND SUPPORTING THE NATIONAL CURRICULUM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $284,110
Program Service Revenue $4,231
Investment Income $65
Other Revenue $7,405
TOTAL REVENUE $295,811

Expense Breakdown

Grants Paid $0
Salaries & Benefits $79,650
Fundraising Expenses $18,809
Program Expenses $516,973
Other Expenses $519,287
TOTAL EXPENSES $598,937

Year-over-Year Comparison

2023 2022 Change
Revenue $295,811 $620,017 -0.5%
Expenses $598,937 $528,676 +0.1%
Net Income $-303,126 $91,341 -4.3%
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
9
Independent Members
8
Employees
1
Volunteers
8

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
4
$71,135
Total Directors
9
$71,135
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VALERIE NOISETTE EXECUTIVE DIRECTOR 40
Officer Director
$71,135 $0 $71,135
STACIE KOSINSKI CO-CHAIR 1
Officer Director
$0 $0 $0
EDWARD FAUSTIN CO-CHAIR 1
Officer Director
$0 $0 $0
JANET CORNELL SECRETARY 1
Officer Director
$0 $0 $0
CASSANDRO JOSENEY TREASURER 1
Director
$0 $0 $0
BENNETT RATHBUN BOARD MEMBER 1
Director
$0 $0 $0
PIERRE IMBERT BOARD MEMBER 1
Director
$0 $0 $0
BETH BLAZICK BOARD MEMBER 1
Director
$0 $0 $0
CHERIE ABBANAT BOARD MEMBER 1
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 No data No data No data No data
2023 $295,811 $598,937 $222,775 $-303,126
2022 $620,017 $528,676 $511,873 $91,341
2021 $232,646 $501,654 $433,185 $-269,008
2020 $649,302 $454,736 $702,194 $194,566
2019 $729,629 $560,551 $494,648 $169,078
2018 $604,754 $597,290 $325,612 $7,464
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