HOPE IGNITES NORTHEASTERN OHIO INC

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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

1986

Legal Domicile

Principal Officer

JOHN MCBRIDE

Phone

2164413980

Tax Period

2024-07-01 to 2025-06-30

HOPE IGNITES NORTHEASTERN OHIO INC, founded in 1986, is a micro nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 136% from the prior year — a significant decline worth monitoring.

Mission

TO NURTURE AND GUIDE MOTIVATED YOUNG PEOPLE IN NEED TO BECOME WELL-EDUCATED, CAREER-READY MEN AND WOMEN FOR OTHERS.

Program Service Accomplishments

Program 1

Expenses: $973,440

HOPE IGNITES NORTHEASTERN OHIO OFFERS A RESIDENTIAL PROGRAM WHERE SCHOLARS LIVE IN ONE OF 3 HOMES ON OUR CAMPUS IN GARFIELD HEIGHTS. SCHOLARS ENROLLED IN THE PROGRAM ATTEND PRIVATE MIDDLE AND HIGH...

HOPE IGNITES NORTHEASTERN OHIO OFFERS A RESIDENTIAL PROGRAM WHERE SCHOLARS LIVE IN ONE OF 3 HOMES ON OUR CAMPUS IN GARFIELD HEIGHTS. SCHOLARS ENROLLED IN THE PROGRAM ATTEND PRIVATE MIDDLE AND HIGH SCHOOLS WHOSE MISSIONS REFLECT THE SAME HOLISTIC VALUES THAT HOPE IGNITES NORTHEASTERN OHIO WAS FOUNDED UPON.

Program 2

Expenses: $925,691 Revenue: $90,300

HOPE IGNITES NORTHEASTERN OHIO ACADEMY PROGRAM IS A 7 YEAR CONTINUUM OF SUPPORT PROVIDED TO MIDDLE SCHOOL AND HIGH SCHOOL SCHOLARS. THROUGH OUR HOLISTIC CURRICULUM, SCHOLARS IN THE PROGRAM RECEIVE...

HOPE IGNITES NORTHEASTERN OHIO ACADEMY PROGRAM IS A 7 YEAR CONTINUUM OF SUPPORT PROVIDED TO MIDDLE SCHOOL AND HIGH SCHOOL SCHOLARS. THROUGH OUR HOLISTIC CURRICULUM, SCHOLARS IN THE PROGRAM RECEIVE ACADEMIC ENRICHMENT, STEM EDUCATION, HANDS ON LEARNING EXPERIENCES AND COLLEGE & CAREER COUNSELING AS WELL AS OPPORTUNITIES TO PARTICIPATE IN SERVICE, LEADERSHIP AND COMMUNITY BUILDING EXPERIENCES.

Program 3

Expenses: $378,167

UPON GRADUATION FROM HIGH SCHOOL, HOPE IGNITES NORTHEASTERN OHIO CONTINUES SUPPORTING SCHOLARS THROUGH PERSONALIZED MENTORSHIP AND GUIDANCE THROUGHOUT THEIR POST-SECONDARY YEARS AND INTO THE LAUNCH OF THEIR CAREER. SCHOLARS ARE PAIRED WITH A CAREER & LIFE COACH WHO THEY COMMUNICATE WITH ON A MONTHLY BASIS. ELIGIBLE SCHOLARS CAN ALSO APPLY FOR SCHOLARSHIP SUPPORT TO PROMOTE COLLEGE AFFORDABILITY.

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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 $2,624,109

Program Service Revenue $0

Investment Income $-3,770,431

Other Revenue $69,707

TOTAL REVENUE $-1,076,615

Expense Breakdown

Grants Paid $318,322

Salaries & Benefits $1,632,974

Fundraising Expenses $456,473

Program Expenses $2,816,384

Other Expenses $1,647,310

TOTAL EXPENSES $3,598,606

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-1,076,615	$2,958,640	-1.4%
Expenses	$3,598,606	$3,428,536	+0.0%
Net Income	$-4,675,221	$-469,896	+8.9%

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

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

$211,143

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE ARMSTRONG	MEMBER	1.00	Director	$0	$0	$0
NANCY BENACCI	SECRETARY	1.00	Officer Director	$0	$0	$0
MIKE BOESCHENSTEIN	MEMBER	1.00	Director	$0	$0	$0
KYLE CHANDLIER	MEMBER	1.00	Director	$0	$0	$0
BITTY DORR	MEMBER	1.00	Director	$0	$0	$0
ANDREW EICH	VICE CHAIR	1.00	Officer Director	$0	$0	$0
HOPE EVANS	MEMBER	1.00	Director	$0	$0	$0
GREG GALVIN	MEMBER	1.00	Director	$0	$0	$0
CYNTHIA HUFFMAN	MEMBER	1.00	Director	$0	$0	$0
ALLYSON JIMENEZ-HUYKE	MEMBER	1.00	Director	$0	$0	$0
MEREDITH KORNER	MEMBER	1.00	Director	$0	$0	$0
FRANCESCA LAMONTAGNE	MEMBER	1.00	Director	$0	$0	$0
ERIN LUKE	MEMBER	1.00	Director	$0	$0	$0
LEAH MIKO	MEMBER	1.00	Director	$0	$0	$0
ANDREW MOOCK	CHAIR	2.00	Officer Director	$0	$0	$0
MICHAEL MURPHY	MEMBER	1.00	Director	$0	$0	$0
KRISTIN OSTBY	MEMBER	1.00	Director	$0	$0	$0
MARIA RUDDOCK	MEMBER	1.00	Director	$0	$0	$0
BRIAN SPEAR	MEMBER	1.00	Director	$0	$0	$0
DOUGLAS WELLS	MEMBER	1.00	Director	$0	$0	$0
JOHN MCBRIDE	EXECUTIVE DIRECTOR	40.00	Officer	$180,667	$30,476	$211,143

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	$-1,076,615	$3,598,606	$9,660,541	$-4,675,221
2024	$2,958,640	$3,428,536	$13,809,860	$-469,896
2023	$3,264,393	$3,118,716	$13,409,991	$145,677
2022	$2,217,709	$2,673,295	$12,615,243	$-455,586
2021	$2,968,071	$2,358,371	$14,229,600	$609,700