HOPE CENTER FOR ARTS AND TECHNOLOGY INC

EIN: 472756541 501(c)(3) Arts, Culture & Humanities

SHARON, PA

Total Revenue
$824,389
Total Expenses
$1,197,398
Total Assets
$3,949,453
Net Assets
$3,428,160
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
PA
Principal Officer
AMY ATKINSON
Phone
7243085135
Tax Period
2024-07-01 to 2025-06-30

HOPE CENTER FOR ARTS AND TECHNOLOGY INC, founded in 2014, is a small nonprofit in the Arts, Culture & Humanities sector that reported $824K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $1.2M exceeded revenue, resulting in a 45% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO DELIVER TRAINING FOR IN-DEMAND CAREERS AND HELP SUPPORT THE PATHWAY TO EMPLOYMENT OPPORTUNITIES TO ENHANCE ECONOMIC DEVELOPMENT IN OUR COMMUNITY. WE COLLABORATE WITH EMPLOYERS AND EDUCATIONAL INSTITUTIONS TO DRIVE SUSTAINABLE ECONOMIC STABILITY, UTILIZING A BLEND OF ADULT TRAINING PROGRAMS AND AFTER SCHOOL YOUTH ARTS MENTORSHIP BY LINKING STUDENTS WITH CAREER PATHWAYS. WE EXIST TO REDUCE OR ELIMINATE THE DEPENDENCE OF PERSONS ON GOVERNMENT OR SUBSIDIZED PROGRAMS BY TEACHING JOB SKILLS, PERSONAL RESPONSIBILITY, RELIABILITY, ATTENDANCE, WORK ETHICS, AND RAISING SELF-ESTEEM AND SELF-RESPECT. ADDITIONALLY, THE ORGANIZATION ENGAGES THE COMMUNITY IN THE PROCESS OF ART MAKING AND ARTISTIC COMMUNICATION AS A WAY TO STIMULATE INTER-CULTURAL UNDERSTANDING, APPRECIATION AND ENHANCEMENT OF THE QUALITY OF LIFE. THE ORGANIZATION EDUCATES AND INSPIRES YOUTH THROUGH THE ARTS ON THEIR WAY TO BECOMING PRODUCTIVE CITIZENS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $697,016
Program Service Revenue $70,782
Investment Income $10,608
Other Revenue $45,983
TOTAL REVENUE $824,389

Expense Breakdown

Grants Paid $0
Salaries & Benefits $640,622
Fundraising Expenses $125,316
Program Expenses $956,951
Other Expenses $556,776
TOTAL EXPENSES $1,197,398

Year-over-Year Comparison

2024 2023 Change
Revenue $824,389 $636,340 +0.3%
Expenses $1,197,398 $1,114,504 +0.1%
Net Income $-373,009 $-478,164 -0.2%
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
12
Independent Members
12
Employees
22
Volunteers
28

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
5
$129,423
Total Directors
12
$129,423
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AMY ATKINSON BOARD CHAIRPERSON 1.00
Officer Director
$0 $0 $0
KAREN WINNER-SED VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
CONSTANCE NICHOLS SECRETARY 1.00
Officer Director
$0 $0 $0
AARON PERNESKY BOARD MEMBER 1.00
Director
$0 $0 $0
BILL PERRINE BOARD MEMBER 1.00
Director
$0 $0 $0
LORA ADAMS-KING BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN FRANK BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL WALTON TREASURER 1.00
Officer Director
$0 $0 $0
ERIC KARMECY BPARD MEMBER 1.00
Director
$0 $0 $0
PAUL O'BRIEN BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID GEORGE BOARD MEMBER 1.00
Director
$0 $0 $0
LORIE HINES EXECUTIVE DIRECTOR 40.00
Officer Director
$120,286 $9,137 $129,423
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 $824,389 $1,197,398 $3,949,453 $-373,009
2024 $636,340 $1,114,504 $4,417,452 $-478,164
2023 $830,638 $986,329 $4,845,153 $-155,691
2022 $773,872 $843,179 $5,008,910 $-69,307
2021 $900,886 $817,141 $5,114,220 $83,745
2020 $790,525 $923,985 $5,059,637 $-133,460
2019 $2,212,759 $870,891 $7,194,526 $1,341,868
2018 $1,048,002 $789,047 $5,999,697 $258,955
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