MEGAN BUTZ LEGACY OF HOPE

EIN: 932161036 501(c)(3) Youth Development

HAWTHORN WOODS, IL

Total Revenue
$362,067
Total Expenses
$111,439
Total Assets
$633,697
Net Assets
$633,697
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2023
Legal Domicile
IL
Principal Officer
LARRY BUTZ
Phone
6302788807
Tax Period
2024-01-01 to 2024-12-31

MEGAN BUTZ LEGACY OF HOPE, founded in 2023, is a small nonprofit in the Youth Development sector that reported $362K in total revenue in fiscal year 2024. Revenue decreased 15% compared to the prior year. The organization ran a surplus of $251K, a strong 69% operating margin.

Mission

OUR MISSION IS TO STRENGTHEN THE LIVES OF AT-RISK TEENS AND YOUNG ADULTS WITHOUT RESOURCES SO THEY MAY NAVIGATE THE PATH TO ADULTHOOD VIA MENTAL HEALTH PROGRAMMING AND SUPPORT. THIS INCLUDES NOT-FOR-PROFITS THAT PROVIDE COUNSELING AND OTHER PROGRAMS TO IMPACT THE MENTAL HEALTH OF YOUTH AND YOUNG ADULTS 18 YEARS AND OLDER, INCLUDING THOSE IN THE SUICIDE AWARENESS AND PREVENTION REALM. WE AIM TO PROVIDE FUNDING TO THOSE WHO ADDRESS AND STRENGTHEN THE MENTAL HEALTH OF YOUTH AND YOUNG ADULTS IN UNDERSERVED COUMMINITIES THROUGHOUT CHICAGO AND THE COLLAR COUNTIES.

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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 $388,734
Program Service Revenue $0
Investment Income $2,008
Other Revenue $-28,675
TOTAL REVENUE $362,067

Expense Breakdown

Grants Paid $103,474
Salaries & Benefits $0
Fundraising Expenses $61
Program Expenses $107,552
Other Expenses $7,965
TOTAL EXPENSES $111,439

Year-over-Year Comparison

2024 2023 Change
Revenue $362,067 $427,980 -0.2%
Expenses $111,439 $44,911 +1.5%
Net Income $250,628 $383,069 -0.3%
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

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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
8
Independent Members
8
Employees
N/A
Volunteers
30

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
8
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LARRY BUTZ PRESIDENT & 5.00
Officer Director
$0 $0 $0
BOB NOONAN CHAIRMAN & D 1.00
Officer Director
$0 $0 $0
KERRY MILLER TREASURER & 4.00
Officer Director
$0 $0 $0
SUSAN STOGA SECRETARY & 2.50
Officer Director
$0 $0 $0
BRANDON VERWIJST DIRECTOR 1.00
Officer Director
$0 $0 $0
MONICA THIGPEN DIRECTOR 1.00
Officer Director
$0 $0 $0
KENNETH EDWARDS DIRECTOR 1.00
Officer Director
$0 $0 $0
DR BETH SHERMAN DIRECTOR 1.00
Officer 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 $362,067 $111,439 $633,697 $250,628
2023 $427,412 $44,343 $383,069 $383,069
2023 $427,980 $44,911 $383,069 $383,069
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