HOPE IGNITES CHICAGO (EIN 510248353) - 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

1977

Legal Domicile

Principal Officer

Karen Croteau

Phone

8479202783

Tax Period

2024-07-01 to 2025-06-30

HOPE IGNITES CHICAGO, founded in 1977, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. The organization ran a surplus of $1.3M, a strong 32% operating margin.

Mission

The program provides housing and educational assistance for abandoned, abused, and neglected youths in a family environment that allows them to mature and succeed.

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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 (2024)

Revenue Breakdown

Contributions & Grants $3,287,800

Program Service Revenue $324,955

Investment Income $321,887

Other Revenue $99,156

TOTAL REVENUE $4,033,798

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,311,845

Fundraising Expenses $563,573

Program Expenses $1,968,643

Other Expenses $1,414,137

TOTAL EXPENSES $2,725,982

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,033,798	$4,923,491	-0.2%
Expenses	$2,725,982	$2,437,819	+0.1%
Net Income	$1,307,816	$2,485,672	-0.5%

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

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

$152,848

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Karen Croteau	Executive Director	40	Director	$152,848	$0	$152,848
Michael Leahy	Chair	1	Director	$0	$0	$0
Jamie Baisley	Executive Committee	1	Director	$0	$0	$0
Mike Halkitis	Executive Committee	1	Director	$0	$0	$0
John Lafferty	Executive Committee	1	Director	$0	$0	$0
Amy Ward	Executive Committee	1	Director	$0	$0	$0
Jim Bertler	Treasurer and Finance Chair	1	Director	$0	$0	$0
Daniel Baker	Executive Committee	1	Director	$0	$0	$0
Christine Hjorth	Events Chair	1	Director	$0	$0	$0
Jeff Lundal	Executive Committee	1	Director	$0	$0	$0
John Zumski	Secretary and Service Chair	1	Director	$0	$0	$0
David Gibson	Nominations Chair	1	Director	$0	$0	$0
Michael Kailus	Housing Chair	1	Director	$0	$0	$0
Christopher Tarzon	Executive Committee	1	Director	$0	$0	$0
David Blocker	Board Member	1	Director	$0	$0	$0
Lucien Cater	Board Member	1	Director	$0	$0	$0
Chris Crawshaw	Board Member	1	Director	$0	$0	$0
Donald Doan	Board Member	1	Director	$0	$0	$0
Mary Beth Fahrney	Board Member	1	Director	$0	$0	$0
Rochelle Foster	Board Member	1	Director	$0	$0	$0
Kathleen Gallagher	Board Member	1	Director	$0	$0	$0
Krista Gallagher	Board Member	1	Director	$0	$0	$0
John Hughes	Board Member	1.00	Director	$0	$0	$0
Martha Idler	Board Member	1	Director	$0	$0	$0
Peter Lee	Board Member	1	Director	$0	$0	$0
Kelly Lomas	Board Member	1	Director	$0	$0	$0
Robert Martin	Board Member	1	Director	$0	$0	$0
Thomas McBreen	Board Member	1	Director	$0	$0	$0
Corinne McClintic	Board Member	1	Director	$0	$0	$0
Cyrus Oelerich	Board Member	1	Director	$0	$0	$0
Christopher Penna	Board Member	1	Director	$0	$0	$0
Timothy Reynolds	Board Member	1	Director	$0	$0	$0
George Sargent	Board Member	1	Director	$0	$0	$0
Andrew Shackelford	Board Member	1	Director	$0	$0	$0
Matt Singh	Board Member	1	Director	$0	$0	$0
Jamar Slade	Board Member	1	Director	$0	$0	$0
Rudolph Trebels	Board Member	1	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	$4,033,798	$2,725,982	$13,013,709	$1,307,816
2024	$4,923,491	$2,437,819	$11,307,721	$2,485,672
2023	$2,210,344	$2,294,473	$8,535,633	$-84,129
2022	$3,217,355	$1,936,916	$7,760,886	$1,280,439
2021	$2,787,835	$2,159,124	$8,242,662	$628,711

HOPE IGNITES CHICAGO