FOSTERING HOPE (EIN 462552438) - 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

2013

Legal Domicile

Principal Officer

ANNEMARIE GRASSI AMEFIA

Phone

2166337798

Tax Period

2023-07-01 to 2024-06-30

FOSTERING HOPE, founded in 2013, is a small nonprofit in the Human Services sector that reported $519K in total revenue in fiscal year 2023. Expenses of $502K left a modest 3% surplus.

Mission

AT FOSTERING HOPE, WE ARE DEDICATED TO ENRICHING THE LIVES OF YOUTH (CONTINUED ON SCHEDULE O) IN FOSTER CARE, KINSHIP AND RESIDENTIAL TREATMENT ACROSS NORTHEAST OHIO.

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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 (2023)

Revenue Breakdown

Contributions & Grants $522,116

Program Service Revenue $0

Investment Income $5,835

Other Revenue $-9,072

TOTAL REVENUE $518,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $270,676

Fundraising Expenses $84,676

Program Expenses $324,522

Other Expenses $217,904

TOTAL EXPENSES $502,080

Year-over-Year Comparison

	2023	2022	Change
Revenue	$518,879	$527,972	0.0%
Expenses	$502,080	$487,939	+0.0%
Net Income	$16,799	$40,033	-0.6%

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

485

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE ATTELL	BOARD PRESIDENT	5.00	Officer Director	$0	$0	$0
GWEN HERMAN GILLESPIE	BOARD VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
LAUREN GOLICK	BOARD TREASURER	2.00	Officer Director	$0	$0	$0
DIONNA GORE	BOARD MEMBER	2.00	Director	$0	$0	$0
TODD KENNEDY	BOARD MEMBER	2.00	Director	$0	$0	$0
NICOLE LINCOLN	BOARD MEMBER	2.00	Director	$0	$0	$0
JENNIFER LUCAS	BOARD MEMBER	2.00	Director	$0	$0	$0
PAULA PIKUS	BOARD MEMBER	2.00	Director	$0	$0	$0
KIMBERLY SULLIVAN	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	No data	No data	No data	No data
2024	$518,879	$502,080	$403,460	$16,799
2023	$527,972	$487,939	$386,661	$40,033
2022	$462,044	$367,761	$346,628	$94,283
2021	$438,957	$283,371	$252,345	$155,586
2020	$385,956	$352,151	$108,645	$33,805
2019	$341,618	$308,170	$62,954	$33,448

FOSTERING HOPE