HIRE360

EIN: 841963307 501(c)(3) Employment

Chicago, IL

Total Revenue
$10,003,722
Total Expenses
$9,493,830
Total Assets
$22,067,693
Net Assets
$16,501,056
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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
IL
Principal Officer
Michael Macellaio
Phone
3125752512
Tax Period
2024-07-01 to 2025-06-30

HIRE360, founded in 2019, is a community nonprofit in the Employment sector that reported $5.8M in total revenue in fiscal year 2021. The organization ran a surplus of $2.8M, a strong 48% operating margin.

Mission

To expand employment and advancement opportunities for community residents in the service, hospitality, manufacturing, and construction industries by providing recruiting, training, and placement assistance and upgrading the skills of the currently employed as well as mentoring new community businesses.

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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 (2024)

Revenue Breakdown

Contributions & Grants $9,775,092
Program Service Revenue $0
Investment Income $141,478
Other Revenue $87,152
TOTAL REVENUE $10,003,722

Expense Breakdown

Grants Paid $2,652,787
Salaries & Benefits $3,397,357
Fundraising Expenses $271,600
Program Expenses $8,352,840
Other Expenses $3,443,686
TOTAL EXPENSES $9,493,830

Year-over-Year Comparison

2024 2023 Change
Revenue $10,003,722 $15,537,647 -0.4%
Expenses $9,493,830 $4,885,794 +0.9%
Net Income $509,892 $10,651,853 -1.0%
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
12
Independent Members
12
Employees
39
Volunteers
12

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
4
$221,991
Total Directors
12
$0
Key Employees
1
$165,474
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Donald M Biernacki President 4.00
Officer Director
$0 $0 $0
Mike Meagher Treasurer 4.00
Officer Director
$0 $0 $0
Don V Villar Secretary 4.00
Officer Director
$0 $0 $0
Rashied Davis Director 4.00
Director
$0 $0 $0
Pat Devaney Director 4.00
Director
$0 $0 $0
Lisa Duarte Director 4.00
Director
$0 $0 $0
John Harrell Director 4.00
Director
$0 $0 $0
Jonathan Jones Director 4.00
Director
$0 $0 $0
Karen Kent Director 4.00
Director
$0 $0 $0
Michael Macellaio Director 4.00
Director
$0 $0 $0
Arthur Z Miller Director 4.00
Director
$0 $0 $0
Julia Stasch Director 4.00
Director
$0 $0 $0
Jay H Rowell Executive Director 40.00
Officer
$211,298 $10,693 $221,991
Karen Larson Director of Finance & Administration 40.00
Key Emp
$158,059 $7,415 $165,474
Deborah Whitaker Director of Business Devel 40.00
Highest
$151,424 $11,585 $163,009
Ana Maria Monte de Oca-Rojas Director of Workforce Deve 40.00
Highest
$110,240 $4,544 $114,784
David Thomas Manager of Business Develo 40.00
Highest
$112,320 $13,728 $126,048
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 $10,003,722 $9,493,830 $22,067,693 $509,892
2024 $15,537,647 $4,885,794 $17,816,725 $10,651,853
2023 $6,830,928 $4,269,736 $6,673,456 $2,561,192
2022 $5,750,804 $2,972,685 $3,105,144 $2,778,119
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