HOPE IGNITES COLORADO

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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

MARY FRANCES THARP

Phone

7205242061

Tax Period

2024-07-01 to 2025-06-30

HOPE IGNITES COLORADO, founded in 1977, is a community nonprofit that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 71% from the prior year, signaling strong growth momentum. The organization ran a surplus of $231K, a strong 17% operating margin.

Mission

TO NURTURE AND GUIDE MOTIVATED YOUNG PEOPLE IN NEED TO BECOME WELL-EDUCATED, CAREER-READY MEN AND WOMEN FOR OTHERS. THE ORGANIZATION PROVIDES DIRECT PROGRAM SUPPORT AND COLLEGE SCHOLARSHIPS.

Program Service Accomplishments

Program 1

Expenses: $705,513

HOPE IGNITES COLORADO WORKS WITH UNDER-RESOURCED YOUTH, AGES 13-21, PROVIDING A SUPPORTIVE NETWORK AND RESOURCES TO LEVERAGE THEIR STRENGTHS WITH ACADEMIC AND LIFE SKILL OPPORTUNITIES, MAXIMIZING...

HOPE IGNITES COLORADO WORKS WITH UNDER-RESOURCED YOUTH, AGES 13-21, PROVIDING A SUPPORTIVE NETWORK AND RESOURCES TO LEVERAGE THEIR STRENGTHS WITH ACADEMIC AND LIFE SKILL OPPORTUNITIES, MAXIMIZING THEIR POTENTIAL. THE ORGANIZATION HAS TWO ACADEMY PROGRAM SITES (AURORA CENTRAL HIGH SCHOOL AND REGIS JESUIT HIGH SCHOOL), WHERE 75 SCHOLARS ARE SERVED YEAR-ROUND, WITH OUT-OF-SCHOOL TIME SUPPORT, MENTORING, AND COLLEGE PREPARATORY EXPERIENCES. 54 COLLEGIANS RECEIVE FINANCIAL, EDUCATIONAL AND CAREER SERVICES/SUPPORT AT THEIR COLLEGES AND UNIVERSITIES.

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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 $1,260,865

Program Service Revenue $0

Investment Income $72,017

Other Revenue $0

TOTAL REVENUE $1,332,882

Expense Breakdown

Grants Paid $110,018

Salaries & Benefits $659,514

Fundraising Expenses $291,624

Program Expenses $705,513

Other Expenses $323,195

TOTAL EXPENSES $1,102,197

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,332,882	$781,433	+0.7%
Expenses	$1,102,197	$853,000	+0.3%
Net Income	$230,685	$-71,567	-4.2%

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

125

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

$95,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAKE ZAMBRANO	PAST CHAIR	0.50	Officer Director	$0	$0	$0
FRANK JEDICKA	CHAIR	2.00	Officer Director	$0	$0	$0
JAMES BRENDEL	TREASURER	1.00	Officer Director	$0	$0	$0
BETH CASEY	DIRECTOR	0.50	Director	$0	$0	$0
MARY BETH BAER	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROBERT BOWMAN	DIRECTOR	1.00	Director	$0	$0	$0
DAVID CARD	DIRECTOR	0.50	Director	$0	$0	$0
LAUREL HAMMER	DIRECTOR	0.50	Director	$0	$0	$0
JAMAICA BURKE	DIRECTOR	0.50	Director	$0	$0	$0
KEN GOEBEL	DIRECTOR	0.50	Director	$0	$0	$0
CONNOR MCNULTY	DIRECTOR	0.50	Director	$0	$0	$0
CHRIS BODNAR	DIRECTOR	1.00	Director	$0	$0	$0
JOHN NEWLAND	DIRECTOR	0.50	Director	$0	$0	$0
MARK MICHALEK	DIRECTOR	0.50	Director	$0	$0	$0
JJ PIERCE	DIRECTOR	0.50	Director	$0	$0	$0
CARMEN QUINTANILLA	DIRECTOR	0.50	Director	$0	$0	$0
MARY SPRIESTER	DIRECTOR	0.50	Director	$0	$0	$0
BRANDIE GALICIA RADILLA	DIRECTOR	0.50	Director	$0	$0	$0
JASON STOVER	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL REYES	DIRECTOR	0.50	Director	$0	$0	$0
ALINE THONGVANH	DIRECTOR	0.50	Director	$0	$0	$0
MICHELLE GALUSZKA	DIRECTOR	0.50	Director	$0	$0	$0
MARY FRANCES THARP	EXECUTIVE DIRECTOR/SECRETA	40.00	Officer	$92,545	$3,155	$95,700

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	$1,332,882	$1,102,197	$1,803,611	$230,685
2024	$781,433	$853,000	$1,559,915	$-71,567
2023	$895,633	$853,191	$1,580,061	$42,442
2022	$811,345	$803,985	$1,519,048	$7,360
2021	$785,919	$703,449	$1,569,971	$82,470