Cheshire's Lights of Hope Inc
Nonprofit profile at a glance
- EIN
- 651317467
- IRS 990-EZ coverage
- 2012–2024
- Forms available
- Form 990-EZ 2024
- Location
- Cheshire, CT, USA
- Phone
- 2032724522
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Public Foundations
Reported finances
- Revenue
- $4,468
- Expenses
- $54,809
- Assets
- $61,877
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- DONALD WALSH (PRESIDENT)
People named in this filing
- DONALD WALSH (PRESIDENT)
- JENNIFER WALSH (SECRETARY)
- HEIDI STRILLACCI (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization was established to raise money in the memory of jennifer hawke-petit and her daughters, hayley petit and michaela petit. Funds raised from the sale of luminaries at the light the town of cheshire with hope event will be used to support the petit family foundation, establish a scholarship program along with supporting the local food bank and cheshire youth and human services.
What it reported doing in 2024
Scholarships in the memory of the women of the petit family awarded to 2 graduating seniors of cheshire high school who have demonstrated a commitment to the ideals of volunteerism based upon criteria established by the scholarship committee.
Operating model
- Revenue model
- Investment-supported. 100% of the money available for current operations came from recurring investment income.
- Distribution model
- Grant intermediary. The nonprofit sent 94% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 99
- Transparency & Controls: 82
- Sustainability: 22
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 96.7%; rating input score 97
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -1,126.7%; rating input score 2; 2nd percentile among comparable filings
- Total-asset coverage ratio: 1.13; rating input score 50; 50th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -0.4% per year; rating input score 0; 47th percentile among comparable filings
- Revenue growth: -5.4% per year; rating input score 0; 33rd percentile among comparable filings
- Asset growth: 2.2% per year; rating input score 100; 47th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 96.7% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 2 filed program accomplishments · $53K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 12 filing years from 2012 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 2/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- Review — Sustainability: Total-asset coverage ratio scored 50/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.