Ring of Hope NFP

EIN: 275020542 501(c)(3) Education

Chicago, IL

Total Revenue
$1,040,290
Total Expenses
$536,555
Total Assets
$1,092,280
Net Assets
$708,488
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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
2012
Legal Domicile
IL
Principal Officer
Anthony Wright
Phone
8722447240
Tax Period
2023-01-01 to 2023-12-31

Ring of Hope NFP, founded in 2012, is a community nonprofit in the Education sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 145% from the prior year, signaling strong growth momentum. The organization ran a surplus of $504K, a strong 48% operating margin.

Mission

Ring of Hope Youth and Family Services goal is to provide youth and families a safe place and constructive outlet in response to growing violence within the community.

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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 $1,038,195
Program Service Revenue $0
Investment Income $2,095
Other Revenue $0
TOTAL REVENUE $1,040,290

Expense Breakdown

Grants Paid $0
Salaries & Benefits $347,412
Fundraising Expenses $0
Program Expenses $463,458
Other Expenses $189,143
TOTAL EXPENSES $536,555

Year-over-Year Comparison

2023 2022 Change
Revenue $1,040,290 $423,942 +1.5%
Expenses $536,555 $238,623 +1.2%
Net Income $503,735 $185,319 +1.7%
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

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Governance

Voting Members
5
Independent Members
5
Employees
22
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
3
$0
Total Directors
7
$37,525
Key Employees
1
$37,525
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Freda Richmond President 5.00
Officer Director
$0 $0 $0
Anthony Lewis Treasurer 2.00
Officer Director
$0 $0 $0
Sherrod Brown Secretary 2.00
Officer Director
$0 $0 $0
Dedric Vaughn Director 2.00
Director
$0 $0 $0
Roland Wright Director 1.00
Director
$0 $0 $0
Tabitha Cook Director 1.00
Director
$0 $0 $0
Anthony Wright Executive Director 22.00
Director Key Emp
$37,525 $0 $37,525
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 $1,040,290 $536,555 $1,092,280 $503,735
2022 $472,711 $259,247 $230,340 $213,464
2022 $423,942 $238,623 $284,049 $185,319
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