HOLA OHIO

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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

2016

Legal Domicile

Principal Officer

VERONICA DAHLBERG

Phone

4402104222

Tax Period

2023-01-01 to 2023-12-31

HOLA OHIO, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $436K in total revenue in fiscal year 2023. Revenue fell 55% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $78K, a strong 18% operating margin.

Mission

HOLA OHIO'S MISSION IS TO IMPROVE QUALITY-OF-LIFE OPPORTUNITIES AND EMPOWER THE LATINO COMMUNITY THROUGH OUTREACH, EDUCATION, CIVIC ENGAGEMENT, ENTREPRENEURSHIP AND SKILLS DEVELOPMENT.

Program Service Accomplishments

Program 1

Expenses: $308,221 Revenue: $14,610

HOLA - 2023 ACCOMPLISHMENTS HOSTED A HEALTH FAIR IN PARTNERSHIP WITH THE CLEVELAND CLINIC, WALMART AND MANY OTHER PROVIDERS WITH NEARLY 150 PEOPLE OBTAINING FREE VISION TESTS, VACCINES, MENTAL HEALTH CONSULTATIONS, BREATHING TESTS AND MORE. ASSISTED APPROXIMATELY 70 CLIENTS WITH MENTAL HEALTH RESOURCES THROUGH A MENTAL HEALTH NAVIGATOR PROGRAM GRANT. ASSISTED 55 CHILDREN THROUGH HOLA'S 8-WEEK MATH AND SCIENCE TUTORING PROGRAM, "COUNTING ON A BRIGHT FUTURE." ASSISTED 60 CHILDREN WITH HOLA'S SUMMER READING PROGRAM, RISE (READ IN SUMMER AND EXCEL). PROVIDED SERVICES TO 338 HOUSEHOLDS WITH 11,341.60 IN DIRECT ASSISTANCE FOR FOOD, GAS, UTILITY BILLS AND OTHER NEEDS. HOSTED A CINCO DE MAYO COMMUNITY FESTIVAL ATTENDED BY OVER 4,000 PEOPLE, WITH ACCESS TO HEALTH CARE, EMPLOYMENT OPPORTUNITIES AND INFORMATION. DISTRIBUTED OVER 500 GIFT CARDS TO FARMWORKERS-IN-NEED THROUGH A USDA GRANT.

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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 $405,047

Program Service Revenue $14,610

Investment Income $15,981

Other Revenue $807

TOTAL REVENUE $436,445

Expense Breakdown

Grants Paid $0

Salaries & Benefits $191,500

Fundraising Expenses $28,040

Program Expenses $308,221

Other Expenses $166,782

TOTAL EXPENSES $358,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$436,445	$961,547	-0.5%
Expenses	$358,282	$405,709	-0.1%
Net Income	$78,163	$555,838	-0.9%

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

$85,825

Total Directors