Cleveland Hope Exchange 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

2019

Legal Domicile

Principal Officer

JIM WILKES

Phone

2162827588

Tax Period

2020-01-01 to 2020-12-31

Cleveland Hope Exchange Inc, founded in 2019, is a small nonprofit that reported $836K in total revenue in fiscal year 2020. Revenue surged 2348% from the prior year, signaling strong growth momentum.

Mission

To serve the local community of Cleveland, OH by distributing food, Bibles, backpacks, school supplies, hygiene products, and other essential consumer goods to alleviate poverty and homelessness.

Program Service Accomplishments

Program 1

Expenses: $747,670

The organization distributed over 300,000lbs of fresh and dry foods, and essential consumer goods, and hygiene products to the local community based solely on items donated from other organizations, businesses, and individuals. The organization worked in partnership with churches and local religious organizations to distribute these items freely to those in need and impoverished in the community. Please see Schedule I for a lengthy breakdown of all the donated food and consumer goods distributed to the community as part of the Organization's program services.

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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 (2020)

Revenue Breakdown

Contributions & Grants $836,437

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $836,437

Expense Breakdown

Grants Paid $747,670

Salaries & Benefits $0

Fundraising Expenses $57,972

Program Expenses $747,670

Other Expenses $74,988

TOTAL EXPENSES $822,658

Year-over-Year Comparison

	2020	2019	Change
Revenue	$836,437	$34,167	+23.5%
Expenses	$822,658	$15,008	+53.8%
Net Income	$13,779	$19,159	-0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIM WILKES	Chairman	15.00	Director	$0	$0	$0
SYLVIA COLON	Board Member	10.00	Director	$0	$0	$0
TERESA LINDSEY	Board Member	10.00	Director	$0	$0	$0
FREDDY DIAZ	Board Member	10.00	Director	$0	$0	$0
MEGAN KLINT	Executive Director	N/A		$65,000	$0	$65,000

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
2020	$836,437	$822,658	$36,677	$13,779