SOLON, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
AT FOSTERING HOPE, WE ARE DEDICATED TO ENRICHING THE LIVES OF YOUTH IN FOSTER CARE, KINSHIP AND RESIDENTIAL TREATMENT ACROSS NORTHEAST OHIO.
CHILDHOOD EXPERIENCES - CREATING MOMENTS THAT ALLOW CHILDREN TO EMBRACE THE JOY OF CHILDHOOD - ENGAGING IN MEANINGFUL ACTIVITIES THAT FOSTER LASTING MEMORIES AND A SENSE OF STABILITY DURING...
CHILDHOOD EXPERIENCES - CREATING MOMENTS THAT ALLOW CHILDREN TO EMBRACE THE JOY OF CHILDHOOD - ENGAGING IN MEANINGFUL ACTIVITIES THAT FOSTER LASTING MEMORIES AND A SENSE OF STABILITY DURING CHALLENGING TIMES. FROM NAVIGATING TOUGH TRANSITIONS, LIKE ENTERING FOSTER CARE WITH THE COMFORT OF A JOURNEY BAG FILLED WITH ESSENTIALS, TO CELEBRATING MILESTONES SUCH AS BIRTHDAYS AWAY FROM HOME, AND REKINDLING THE MAGIC OF THE HOLIDAY SEASON, WE ARE DEDICATED TO SPREADING JOY AND PROVIDING CONSISTENCY THROUGHOUT THE YEAR.
TRAUMA-INFORMED HEALTH & WELLNESS - PROMOTING MENTAL AND PHYSICAL WELL-BEING THROUGH PROGRAMS DESIGNED TO FOSTER GROWTH, RESILIENCE, AND HEALING, GROUNDED IN TRAUMA-INFORMED CARE. OUR YEAR-ROUND...
TRAUMA-INFORMED HEALTH & WELLNESS - PROMOTING MENTAL AND PHYSICAL WELL-BEING THROUGH PROGRAMS DESIGNED TO FOSTER GROWTH, RESILIENCE, AND HEALING, GROUNDED IN TRAUMA-INFORMED CARE. OUR YEAR-ROUND OFFERINGS FOR YOUNG PEOPLE IN RESIDENTIAL AND FOSTER CARE INCLUDE YOGA, MEDITATION, SELF-REFLECTION ACTIVITIES, GARDENING, ART CLASSES, AND HOLISTIC SUPPORT, EMPOWERING THEM TO THRIVE AND BUILD A BRIGHTER FUTURE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare FOSTERING HOPE with other nonprofits in Ohio and across the country.