THE HOPE ACADEMY

EIN: 464845929 501(c)(3) Education

PROVIDENCE, RI

Total Revenue
$6,553,173
Total Expenses
$6,405,013
Total Assets
$5,016,708
Net Assets
$2,208,027
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
RI
Phone
4015339100
Tax Period
2023-07-01 to 2024-06-30

THE HOPE ACADEMY, founded in 2014, is a community nonprofit in the Education sector that reported $6.6M in total revenue in fiscal year 2023.

Mission

THE HOPE ACADEMY IS COMMITTED TO AN EDUCATIONAL MODEL FOCUSING ON THE ACADEMIC AND SOCIAL SUCCESS OF EACH INDIVIDUAL, PREPARING STUDENTS TO MEET THE CHALLENGES OF THE FUTURE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $4,893,051
Program Service Revenue $1,629,319
Investment Income $30,803
Other Revenue $0
TOTAL REVENUE $6,553,173

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,905,654
Fundraising Expenses $0
Program Expenses $5,667,415
Other Expenses $2,499,359
TOTAL EXPENSES $6,405,013

Year-over-Year Comparison

2023 2022 Change
Revenue $6,553,173 $6,378,003 +0.0%
Expenses $6,405,013 $5,741,577 +0.1%
Net Income $148,160 $636,426 -0.8%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
11
Independent Members
11
Employees
48
Volunteers
N/A

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
1
$111,800
Total Directors
11
$195,378
Key Employees
2
$195,378
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAYOR CHARLES A LOMBARDI CHAIRPERSON 1.00
Director
$0 $0 $0
MAYOR BRETT SMILEY VICE CHAIRPERSON 1.00
Director
$0 $0 $0
JOHN KELLY SECRETARY/TREASURER 1.00
Director
$0 $0 $0
BIANCA RODRIGUEZ DIRECTOR/FOUNDER 1.00
Director
$0 $0 $0
ALFRED MARCIANO DIRECTOR 1.00
Director
$0 $0 $0
NERISE BECKFORD HOLY HEAD OF SCHOOL 40.00
Officer Director Key Emp Highest
$111,800 $0 $111,800
ZOILA QUEZADA ELECTED PARENT MEMBER 1.00
Director
$0 $0 $0
FRANCISCO RAMIREZ OPERATIONS MANAGER 40.00
Director Key Emp
$83,578 $0 $83,578
ROSE MARY GRANT DIRECTOR 1.00
Director
$0 $0 $0
MARYELYN ACEVEDO DIRECTOR 1.00
Director
$0 $0 $0
NAZIK FERNANDES 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 No data No data No data No data
2024 $6,553,173 $6,405,013 $5,016,708 $148,160
2023 $6,378,003 $5,741,577 $5,922,457 $636,426
2022 $5,145,628 $4,959,247 $1,642,138 $186,381
2021 $4,612,432 $4,171,295 $1,585,925 $441,137
2020 $3,549,017 $3,382,342 $1,425,949 $166,675
2019 $2,991,310 $2,789,786 $872,035 $201,524
Explore More Nonprofits
→Top 100 Nonprofits in Rhode Island →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE HOPE ACADEMY with other nonprofits in Rhode Island and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.