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
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Financial Vulnerability Assessment (Tuckman-Chang)

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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.

Program Service Accomplishments

Program 1
Expenses: $5,667,415 Revenue: $6,553,173

CHARTER SCHOOL EDUCATIONAL SERVICES THE HOPE ACADEMYS PRIMARY SERVICE IS TO PROVIDE PUBLIC EDUCATION TO RESIDENTS OF PROVIDENCE AND NORTH PROVIDENCE. ADMISSION IS BASED ON A LOTTERY SYSTEM AND...

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CHARTER SCHOOL EDUCATIONAL SERVICES THE HOPE ACADEMYS PRIMARY SERVICE IS TO PROVIDE PUBLIC EDUCATION TO RESIDENTS OF PROVIDENCE AND NORTH PROVIDENCE. ADMISSION IS BASED ON A LOTTERY SYSTEM AND TUITIONS ARE BILLED TO THE CITY/TOWN IN WHICH THE STUDENT RESIDES. THE HOPE ACADEMY FOSTERS AN INCLUSIVE ENVIRONMENT BY EXPOSING CHILDREN TO THOSE WHO ARE DIFFERENT FROM THEMSELVES AT AN EARLY AGE. THE SCHOOL RENTS SPACE FROM MEETING STREET, A PRIVATE INSTITUTION OF LEARNING THAT HAS BEEN RECOGNIZED AS A LEADER IN SERVICING STUDENTS WITH DISABILITIES. GROWING UP ALONGSIDE CHILDREN THAT ARE DIFFERENT THAN THEMSELVES WILL INCITE INCLUSIVITY.

Program 2
Expenses: $0 Revenue: $0

SCHOOL FOOD SERVICE FUND THE HOPE ACADEMY PROVIDES BREAKFAST & LUNCH FOR ITS STUDENTS. FEES ARE ASSESSED BASED ON INCOME LEVEL. REVENUES ALSO COME FROM FEDERAL PROGRAMS.

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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 (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
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Financial Health Indicators

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Liquidity & Cash Position

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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
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