MARSHMALLOW'S HOPE NONPROFIT ORGANIZATION CORP

EIN: 853140746 501(c)(3) Mental Health

ROCKFORD, IL

Total Revenue
$2,424,898
Total Expenses
$716,351
Total Assets
$2,048,013
Net Assets
$1,997,727
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
IL
Principal Officer
RICHARD FOSTER
Phone
6083529256
Tax Period
2024-01-01 to 2024-12-31

MARSHMALLOW'S HOPE NONPROFIT ORGANIZATION CORP, founded in 2020, is a community nonprofit in the Mental Health sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 570% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 70% operating margin.

Mission

WE ARE THE VOICE FOR THOSE WHO FEEL THEY DON'T HAVE ONE. WE BELIEVE THE POWER OF COMPASSION, CONNECTION, AND HOPE WILL AID IN THE CREATION OF BONDS THAT WILL EMPOWER THOSE WE SERVE TO BUILD TRUST, OVERCOME CHALLENGES, AND CREATE PATHWAYS TO PERSEVERANCE. WE AIM FOR A UNIFYING APPROACH ON PRIORITIZING MENTAL HEALTH, DELIVERING EDUCATION, AND ERADICATING CULTURAL STIGMAS. WE STRIVE TO PREVENT SUICIDE BY ELIMINATING ACCESS BARRIERS TO CARE, FACILITATING MENTORSHIP PROGRAMS, AND CONNECTING OUR CLIENTS TO A COMPREHENSIVE OFFERING OF SUPPORT GROUPS THROUGH OUR COMMUNITY PARTNERS, AND PROVIDING GRACEFUL POSTVENTION SUPPORT ACCEPTING THOSE ON THEIR PATH TO RESILIENCE.

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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 $2,386,386
Program Service Revenue $0
Investment Income $10,057
Other Revenue $28,455
TOTAL REVENUE $2,424,898

Expense Breakdown

Grants Paid $0
Salaries & Benefits $450,014
Fundraising Expenses $27,099
Program Expenses $619,780
Other Expenses $266,337
TOTAL EXPENSES $716,351

Year-over-Year Comparison

2024 2023 Change
Revenue $2,424,898 $362,070 +5.7%
Expenses $716,351 $146,213 +3.9%
Net Income $1,708,547 $215,857 +6.9%
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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Governance

Voting Members
5
Independent Members
5
Employees
21
Volunteers
40

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
$79,901
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA KANE EXECUTIVE DI 60.00
Officer
$79,901 $0 $79,901
LANA BARKER VICE PRESIDE 1.00
Officer Director
$0 $0 $0
RAECHAL CARROL SECRETARY 1.00
Officer Director
$0 $0 $0
RICHARD FOSTER PRESIDENT 2.00
Officer Director
$0 $0 $0
TODD HOOKS FINANCIAL OF 1.00
Director
$0 $0 $0
ELIZABETH SQUIRES BOARD MEMBER 2.00
Director
$0 $0 $0
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 $2,424,898 $716,351 $2,048,013 $1,708,547
2024 $2,424,898 $716,351 $2,048,013 $1,708,547
2023 $362,070 $146,213 $289,180 $215,857
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