BARBARA OLSON CENTER OF HOPE

EIN: 362212474 501(c)(3) Human Services

ROCKFORD, IL

Total Revenue
$2,732,856
Total Expenses
$2,395,408
Total Assets
$7,580,394
Net Assets
$7,439,635
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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
1952
Legal Domicile
IL
Principal Officer
PAMELA CAREY
Phone
8159649275
Tax Period
2024-07-01 to 2025-06-30

BARBARA OLSON CENTER OF HOPE, founded in 1952, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.4M left a modest 12% surplus.

Mission

HELP INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES REACH PERSONAL GOALS THROUGH INDIVIDUALIZED SKILL DEVELOPMENT, VOCATIONAL OPPORTUNITIES, AND COMMUNITY SERVICE.

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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 $677,223
Program Service Revenue $1,866,657
Investment Income $165,047
Other Revenue $23,929
TOTAL REVENUE $2,732,856

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,846,571
Fundraising Expenses $0
Program Expenses $1,818,115
Other Expenses $548,837
TOTAL EXPENSES $2,395,408

Year-over-Year Comparison

2024 2023 Change
Revenue $2,732,856 $2,337,010 +0.2%
Expenses $2,395,408 $2,218,708 +0.1%
Net Income $337,448 $118,302 +1.9%
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

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Governance

Voting Members
11
Independent Members
11
Employees
67
Volunteers
25

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
5
$112,299
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEWART MAGNUSON PRESIDENT 2.00
Officer Director
$0 $0 $0
BRAD JOHNSON VICE PRESIDE 2.00
Officer Director
$0 $0 $0
COLE WINSETT TREASURER 2.00
Officer Director
$0 $0 $0
LYNN DELACEY SECRETARY 2.00
Officer Director
$0 $0 $0
MELISSA JOHNSON BOARD MEMBER 2.00
Director
$0 $0 $0
SUE MULLINS BOARD MEMBER 2.00
Director
$0 $0 $0
LAVONDA TIMM BOARD MEMBER 2.00
Director
$0 $0 $0
STEVE SLOWINSKE BOARD MEMBER 2.00
Director
$0 $0 $0
GENE MAULE BOARD MEMBER 2.00
Director
$0 $0 $0
KATIE BRYANT BOARD MEMBER 2.00
Director
$0 $0 $0
PAMELA CAREY EXECUTIVE DI 40.00
Officer
$110,750 $1,549 $112,299
MALLORY MOLCHIN BOARD MEMBER 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
2025 $2,732,856 $2,395,408 $7,580,394 $337,448
2024 $2,337,010 $2,218,708 $6,984,010 $118,302
2023 $2,020,051 $2,120,312 $6,464,120 $-100,261
2022 $2,401,855 $2,102,986 $6,305,388 $298,869
2021 $2,804,654 $2,013,554 $6,965,367 $791,100
2020 $2,503,857 $2,859,799 $6,032,493 $-355,942
2019 $2,752,841 $2,815,385 $6,066,616 $-62,544
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