HOPE TOLEDO SERVICES

EIN: 852049351 501(c)(3) Education

TOLEDO, OH

Total Revenue
$3,739,875
Total Expenses
$4,042,617
Total Assets
$264,251
Net Assets
$-388,879
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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
OH
Principal Officer
JOHN C JONES
Phone
4197204281
Tax Period
2024-01-01 to 2024-12-31

HOPE TOLEDO SERVICES, founded in 2019, is a community nonprofit in the Education sector that reported $3.7M in total revenue in fiscal year 2024.

Mission

OUR MISSION IS TO SUPPORT AND ENSURE HIGH-QUALITY EDUCATION, FROM PRESCHOOL TO POSTSECONDARY AND TRADE SCHOOL, FOR EVERY YOUNG PERSON IN THE TOLEDO REGION, CREATING GENERATIONAL ECONOMIC CHANGE FOR THE BETTERMENT OF OUR FAMILIES AND COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,264,170

HOPE TOLEDO PROMISE IS A NOVEL, TWO-GENERATION APPROACH THAT SUPPORTS STUDENTS AND FAMILIES AS THEY PURSUE POSTSECONDARY OPPORTUNITIES. THE PROGRAM IS THE FIRST FULLY FUNDED TWO-GENERATION...

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HOPE TOLEDO PROMISE IS A NOVEL, TWO-GENERATION APPROACH THAT SUPPORTS STUDENTS AND FAMILIES AS THEY PURSUE POSTSECONDARY OPPORTUNITIES. THE PROGRAM IS THE FIRST FULLY FUNDED TWO-GENERATION SCHOLARSHIP PROGRAM OF ITS KIND AND PROVIDES TUITION, ROOM, BOARD, BOOKS AND FEES TO STUDENTS PARTICIPATING. THE PROGRAM IS PILOTED AT JESUP W. SCOTT HIGH SCHOOL AND CURRENTLY HAS MORE THAN 150 STUDENT AND PARENT SCHOLARS FROM THREE COHORTS ATTENDING MORE THAN 20 INSTITUTIONS THROUGHOUT OHIO. BASED ON TWO STUDIES CONDUCTED BY NORTHWESTERN, THE POSTSECONDARY ENROLLMENT RATE INCREASED BY 70% AND THE PERSISTENCE RATE AMONG OUR FIRST TWO COHORTS SITS JUST ABOVE 54% (COHORT 1 = 43%; COHORT 2 = 69%). THERE HAVE BEEN 18 GRADUATES SINCE THE INCEPTION OF THE PROGRAM THREE YEARS AGO AND WE EXPECT MORE TO JOIN THOSE RANKS IN THE COMING YEAR.

Program 2
Expenses: $2,634,412

HOPE TOLEDO PRE-K HAS CREATED A COMPREHENSIVE COMMUNITY-BASED APPROACH TO EARLY CHILDHOOD EDUCATION AND CARE THROUGH A UNIQUE PARTNERSHIP WITH 20 PRESCHOOL PROVIDERS LOCATED STRATEGICALLY ACROSS THE...

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HOPE TOLEDO PRE-K HAS CREATED A COMPREHENSIVE COMMUNITY-BASED APPROACH TO EARLY CHILDHOOD EDUCATION AND CARE THROUGH A UNIQUE PARTNERSHIP WITH 20 PRESCHOOL PROVIDERS LOCATED STRATEGICALLY ACROSS THE NORTHWEST OHIO REGION. THROUGH THIS EFFORT WE HAVE SERVED OVER 800 CHILDREN WITH CULTURALLY RICH, EVIDENCE-BASED CURRICULUM DELIVERED BY CREDENTIALED TEACHERS RECEIVING A LIVING WAGE. THE PROGRAM FURTHER SUPPORTS TEACHERS THROUGH ONGOING PROFESSIONAL DEVELOPMENT AND PROVIDERS THROUGH BUSINESS SUPPORTS. PARENTS RECEIVE VARIOUS LEVELS OF ENGAGEMENT AND SUPPORT TO ASSIST THEM IN ENSURING THEIR CHILD ATTENDS AND PARTICIPATES IN THE PROGRAM. THROUGH THE FIRST TWO SCHOOL YEARS, 30% OF CHILDREN FROM HOPE CLASSROOMS PERFORMED AT THE "DEMONSTRATING LEVEL" ON THE KINDERGARTEN READINESS ASSESSMENT, WHICH OUTPERFORMS THE ASSESSMENTS OF CHILDREN WHO DID NOT HAVE ACCESS TO THIS SERVICE.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,713,208
Program Service Revenue $0
Investment Income $0
Other Revenue $26,667
TOTAL REVENUE $3,739,875

Expense Breakdown

Grants Paid $3,009,151
Salaries & Benefits $670,083
Fundraising Expenses $0
Program Expenses $3,898,582
Other Expenses $363,383
TOTAL EXPENSES $4,042,617

Year-over-Year Comparison

2024 2023 Change
Revenue $3,739,875 $3,584,838 +0.0%
Expenses $4,042,617 $3,545,455 +0.1%
Net Income $-302,742 $39,383 -8.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
14
Employees
8
Volunteers
50

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
5
$169,937
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
WENDI HUNTLEY CHAIRPERSON 1.00
Officer Director
$0 $0 $0
WADE KAPSZUKIEWICZ BOARD MEMBER 0.25
Director
$0 $0 $0
KEITH BURWELL BOARD MEMBER 0.25
Director
$0 $0 $0
WENDY PESTRUE BOARD MEMBER 0.25
Director
$0 $0 $0
BISHOP EDWARD COOK SECRETARY 0.25
Officer Director
$0 $0 $0
JULIE HOFFMANN BOARD MEMBER 0.25
Director
$0 $0 $0
RITA RUSSELL TREASURER 0.50
Officer Director
$0 $0 $0
DR ROMULES DURANT BOARD MEMBER 0.25
Director
$0 $0 $0
DR KADEE ANSTADT BOARD MEMBER 0.25
Director
$0 $0 $0
DR TOM BRADY BOARD MEMBER 0.25
Director
$0 $0 $0
RACHEL GAGNON BOARD MEMBER 0.25
Director
$0 $0 $0
PETE GERKEN BOARD MEMBER 0.25
Director
$0 $0 $0
SHAYLA MORIARTY BOARD MEMBER 0.25
Director
$0 $0 $0
DR VALERIE SIMMONS-WALSTON BOARD MEMBER 0.25
Director
$0 $0 $0
JOHN C JONES PRESIDENT AND CEO 40.00
Officer
$121,407 $6,905 $128,312
ANNIKA AWLS FINANCIAL & ACCOUNTING CONSULTANT 15.00
Officer
$41,625 $0 $41,625
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
2024 $3,739,875 $4,042,617 $264,251 $-302,742
2023 $3,584,838 $3,545,455 $600,751 $39,383
2022 $2,411,584 $3,015,515 $1,721,990 $-603,931
2021 $2,440,166 $1,677,926 $1,160,882 $762,240
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