BROOKLYN, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)BLANKETS OF HOPE INC, founded in 2019, is a small nonprofit in the Human Services sector that reported $269K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year.
BLANKETS OF HOPE'S MISSION IS TO PROVIDE NEEDED PHYSICAL AND EMOTIONAL SUPPORT TO THE HOMELESS POPULATION. WITH THE HELP OF STUDENTS ACROSS THE COUNTRY AND BEYOND, THE ORGANIZATION DELIVERS PURPLE BLANKETS AND INSPIRATIONAL HANDWRITTEN NOTES TO PEOPLE EXPERIENCING HOMELESSNESS. BLANKETS OF HOPE HELPS FULFILL A BASIC NEED OF SAVING LIVES BY KEEPING PEOPLE WHO LIVE ON THE STREETS WARM DURING THE WINTER MONTHS WHILE ALSO LIFTING THEIR SPIRITS WITH WORDS OF ENCOURAGEMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $269,048 | $288,275 | -0.1% |
| Expenses | $263,088 | $321,533 | -0.2% |
| Net Income | $5,960 | $-33,258 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| NICHOLAS FIORITO | PRESIDENT & CEO | 40.00 |
Officer
Director
|
$65,385 | $0 | $65,385 |
| MICHAEL FIORITO | TREASURER & SECRETARY | 40.00 |
Officer
Director
|
$65,385 | $0 | $65,385 |
| CLAUDE SILVER | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALEXANDER COLEMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| ALLAN DOWIAK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| JANE GOODMAN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| PHIL BERG | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| NICOLE BUFFETT | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| HERNDON GRADDICK | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $269,048 | $263,088 | $106,820 | $5,960 |
| 2023 | $288,275 | $321,533 | $86,715 | $-33,258 |
| 2022 | $522,007 | $674,174 | $111,979 | $-152,167 |
| 2021 | $580,978 | $409,266 | $313,220 | $171,712 |
| 2020 | $254,228 | $211,641 | $134,353 | $42,587 |
Compare BLANKETS OF HOPE INC with other nonprofits in New York and across the country.