Cleveland Hope Exchange Inc

EIN: 834314074 501(c)(3)

Fairview Park, OH

Total Revenue
$836,437
Total Expenses
$822,658
Total Assets
$36,677
Net Assets
$32,939
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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
OH
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

Providing donated food goods and financial resources to alleviate poverty and homelessness in the local community

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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 (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

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Governance

Voting Members
4
Independent Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
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
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