CORNERSTONE OF HOPE INC

EIN: 341945499 501(c)(3) Human Services

INDEPENDENCE, OH

Total Revenue
$4,728,158
Total Expenses
$3,687,728
Total Assets
$8,266,174
Net Assets
$7,481,956
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
OH
Principal Officer
MARK TRIPODI
Phone
2165243787
Tax Period
2023-01-01 to 2023-12-31

CORNERSTONE OF HOPE INC, founded in 2003, is a community nonprofit in the Human Services sector that reported $4.7M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.0M, a strong 22% operating margin.

Mission

CORNERSTONE OF HOPE, INC. IS A NONPROFIT, COMPREHENSIVE BEREAVEMENT SUPPORT CENTER PROVIDING PROFESSIONAL BEREAVEMENT PROGRAMS AND SERVICES TO CHILDREN, TEENS, AND ADULTS EXPERIENCING A LOSS. ITS SERVICES, LED BY LICENSED CLINICIANS, OFFER GRIEVING INDIVIDUALS AND FAMILIES THE OPPORTUNITY TO PROCESS GRIEF AND RECOVER FROM THE EFFECTS OF TRAUMA IN A SAFE AND COMPASSIONATE ENVIRONMENT AND EMERGE FROM PAIN WITH A RENEWED SENSE OF PURPOSE AND HOPE FOR THEIR FUTURE.

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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 $3,358,204
Program Service Revenue $1,077,518
Investment Income $98,240
Other Revenue $194,196
TOTAL REVENUE $4,728,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,159,309
Fundraising Expenses $337,758
Program Expenses $3,033,974
Other Expenses $1,528,419
TOTAL EXPENSES $3,687,728

Year-over-Year Comparison

2023 2022 Change
Revenue $4,728,158 $3,358,091 +0.4%
Expenses $3,687,728 $2,903,716 +0.3%
Net Income $1,040,430 $454,375 +1.3%
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

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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
23
Independent Members
22
Employees
45
Volunteers
120

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
6
$125,000
Total Directors
26
$125,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTI TRIPODI FOUNDER 10.00
Officer Director
$0 $0 $0
MARK TRIPODI FOUNDER/CEO 60.00
Officer Director
$125,000 $0 $125,000
TOM FUTEY CHAIRPERSON 4.00
Officer Director
$0 $0 $0
JAMIE VILCHECK VICE CHAIRPERSON 4.00
Officer Director
$0 $0 $0
KATHY FUTEY BOARD MEMBER 2.00
Director
$0 $0 $0
CYNTHIA HAIRE BOARD MEMBER 2.00
Director
$0 $0 $0
MICHELLE BURDETTE BOARD MEMBER 2.00
Director
$0 $0 $0
DANIEL HARTNETT BOARD MEMBER 2.00
Director
$0 $0 $0
BARABA FOHL BOARD MEMBER 2.00
Director
$0 $0 $0
PATRICK DIBIASO BOARD MEMBER 2.00
Director
$0 $0 $0
WAYNE OSTROSKY BOARD MEMBER 2.00
Director
$0 $0 $0
KODI PRIDE BOARD MEMBER 2.00
Director
$0 $0 $0
LOREE VICK BOARD MEMBER 2.00
Director
$0 $0 $0
DAVE WHEELER BOARD MEMBER 2.00
Director
$0 $0 $0
KYLE KIFFER BOARD MEMBER 2.00
Director
$0 $0 $0
KUMAR ARORA BOARD MEMBER 2.00
Director
$0 $0 $0
EMILIE KURTZ BOARD MEMBER 2.00
Director
$0 $0 $0
TONY ESPOSITO BOARD MEMBER 2.00
Director
$0 $0 $0
SHERYL CAINE BOARD MEMBER 2.00
Director
$0 $0 $0
MARIA DEAN TREASURER 2.00
Officer Director
$0 $0 $0
KENT MANSON SECRETARY 2.00
Officer Director
$0 $0 $0
LAURA MANUEL BOARD MEMBER 2.00
Director
$0 $0 $0
NATHAN ZEGURA BOARD MEMBER 2.00
Director
$0 $0 $0
CASEY RASATA EMERITUS DIRECTOR 2.00
Director
$0 $0 $0
JUDITH MATSKO EMERITUS DIRECTOR 2.00
Director
$0 $0 $0
JAY DEFINIS EMERITUS DIRECTOR 2.00
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 $4,728,158 $3,687,728 $8,266,174 $1,040,430
2022 $3,358,091 $2,903,716 $6,515,367 $454,375
2021 $3,866,660 $2,157,901 $6,164,304 $1,708,759
2020 $2,894,365 $1,824,866 $4,475,880 $1,069,499
2018 $2,127,726 $2,031,035 $2,806,716 $96,691
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