Hope Ignites Detroit (EIN 382536444) - Form 990 Financial Analysis & Trantor Score

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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

1998

Legal Domicile

Phone

3135240557

Tax Period

2024-07-01 to 2025-06-30

Hope Ignites Detroit, founded in 1998, is a small nonprofit that reported $804K in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $971K exceeded revenue, resulting in a 21% operating deficit.

Mission

To nurture and guide motivated young people in need to become well- Educated, Career-Ready Men and Women for others.

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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 $723,082

Program Service Revenue $0

Investment Income $15,427

Other Revenue $65,317

TOTAL REVENUE $803,826

Expense Breakdown

Grants Paid $70,198

Salaries & Benefits $598,298

Fundraising Expenses $178,593

Program Expenses $605,035

Other Expenses $302,668

TOTAL EXPENSES $971,164

Year-over-Year Comparison

	2024	2023	Change
Revenue	$803,826	$710,949	+0.1%
Expenses	$971,164	$974,100	0.0%
Net Income	$-167,338	$-263,151	-0.4%

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

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

$90,850

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rebecca Limbaugh	Executive Director	40.00	Officer	$90,000	$850	$90,850
Dan Liable	Director	1.00	Director	$0	$0	$0
John Sherman	Treasurer	1.00	Officer Director	$0	$0	$0
Scott Caren	Director	1.00	Director	$0	$0	$0
Jo Coleman	Secretary	1.00	Officer Director	$0	$0	$0
Michael Armstrong	Director	1.00	Director	$0	$0	$0
Kerrie Binno	Director	1.00	Director	$0	$0	$0
Dante Dixon	Director	1.00	Director	$0	$0	$0
Daniel J Dulworth	Director	1.00	Director	$0	$0	$0
Paul Garwood	Director	1.00	Director	$0	$0	$0
Mark Hebert	Board Chairman	1.00	Officer Director	$0	$0	$0
Rob Hughes	Development Chair	1.00	Director	$0	$0	$0
Bryan Marx	Director	1.00	Director	$0	$0	$0
David Noonan	Director	1.00	Director	$0	$0	$0
Ruben Lugo	Director	1.00	Director	$0	$0	$0
Melanie Tamas	Director	1.00	Director	$0	$0	$0
Glenn Ellis	Director	1.00	Director	$0	$0	$0
Keiyania Mann	Director	1.00	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	$803,826	$971,164	$841,234	$-167,338
2024	$710,949	$974,100	$910,637	$-263,151
2023	$707,899	$994,310	$1,109,006	$-286,411
2022	$620,199	$791,370	$1,312,386	$-171,171
2021	$765,072	$729,776	$1,637,388	$35,296
2020	$1,394,858	$846,268	$1,642,254	$548,590

Hope Ignites Detroit