The Hub585 Inc

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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

2018

Legal Domicile

Principal Officer

Ashley Cross

Phone

5852610583

Tax Period

2023-01-01 to 2023-12-31

The Hub585 Inc, founded in 2018, is a community nonprofit in the Human Services sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $624K, a strong 39% operating margin.

Mission

The mission of the Hub585 is to educate, enrich, and empower youth and families through programs and partnerships that give them hope and help them thrive.

Program Service Accomplishments

Program 1

Expenses: $178,430

Cash Assistance: The Legacy Fund is a vital cash assistance program, extending support to every young individual transitioning out of foster care in Monroe County and families within the system...

Cash Assistance: The Legacy Fund is a vital cash assistance program, extending support to every young individual transitioning out of foster care in Monroe County and families within the system striving for reunification, stability, and healing. Annually, our program allocates funds to approximately 150 families, effectively averting homelessness and easing the burdens of poverty.This program is supported by contributions.

Program 2

Expenses: $165,541

YCCM: For youth in crisis, HOPE585 provides short-term, immediate counseling and case management in the City of Rochester. This program provides flexibly scheduled mobile services in community-based settings throughout the city. We focus on resolving problems. This program also provides crisis intervention, family support, resource navigation, and referral services.This program is supported by contributions.

Program 3

Expenses: $151,653

Mentoring and Group home: Our mentorship model uses the healing power of safe, long-lasting adult relationships to foster hope and personal agency, helping young adults to achieve independence and...

Mentoring and Group home: Our mentorship model uses the healing power of safe, long-lasting adult relationships to foster hope and personal agency, helping young adults to achieve independence and stability. Mentors use their awareness of the impact of trauma and the Science of Hope to act as youths' cheerleaders and champions as they pursue their goals and look toward a brighter future.This program is supported by contributions.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,579,642

Program Service Revenue $0

Investment Income $18,239

Other Revenue $14,814

TOTAL REVENUE $1,612,695

Expense Breakdown

Grants Paid $113,774

Salaries & Benefits $526,082

Fundraising Expenses $42,920

Program Expenses $789,421

Other Expenses $349,337

TOTAL EXPENSES $989,193

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,612,695	$726,857	+1.2%
Expenses	$989,193	$480,199	+1.1%
Net Income	$623,502	$246,658	+1.5%

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

$124,536

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Arbore	Chair	4.60	Officer Director	$0	$0	$0
Maya Crane	Vice Chair	2.80	Officer Director	$0	$0	$0
Dan Rudd	Treasurer	1.20	Officer Director	$0	$0	$0
Bonnie DeVinney	Member	1.60	Director	$0	$0	$0
Annette Campbell	Member	0.70	Director	$0	$0	$0
Gary Domenico	Secretary	8.30	Officer Director	$0	$0	$0
Shawn James	Member	0.70	Director	$0	$0	$0
Josh Gewolb	Member	0.70	Director	$0	$0	$0
Kathryn Kapatos	Member	1.20	Director	$0	$0	$0
Dr Myra Henry	Member	0.70	Director	$0	$0	$0
Corinda Reaves	Member	0.70	Director	$0	$0	$0
Rich Pulvine	Member	1.60	Director	$0	$0	$0
Ashley Cross	Executive Director	40.00	Officer	$109,639	$14,897	$124,536

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
2024	No data	No data	No data	No data
2023	$1,612,695	$989,193	$1,574,906	$623,502
2022	$726,857	$480,199	$698,217	$246,658
2021	$235,505	$69,972	$180,436	$165,533