Hola Incorporated

Nonprofit profile at a glance

EIN
451218270
IRS 990-EZ coverage
2013–2021
Forms available
Form 990-EZ 2021
Location
Virginia Beach, VA, USA
Phone
7572154878
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Children's, Youth Services

Official website

Reported finances

Revenue
$3,706
Expenses
$1,698
Assets
$9,917

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

19 people listed

Executive titles in this filing

  • GRAHAM L YOUNG (PRESIDENT)

People named in this filing

  • WHITT SESSOMS III (DIRECTOR)
  • ROBERT YOUNG (VICE PRESIDE)
  • STUART NACHMAN (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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Primary exempt purpose to empower orphaned and abandoned children in latin america through building structures, essential needs, financial aid, vocational and social support, and building relationships in the community enabling hope for the hopeless. Program service accomplishments the organization provides leadership and funding to create a safe, loving & nurturing environment for orphaned and abandoned children in latin america's poorest communities. Drawing on their successful business background, resources, and experience, the organization develops fundraising strategies and initiates innovative solutions that enable and empower the orphaned community to become productive members of society. Musical, deucational and english programs are underwritten for five orphanages in nicaragua.

What it reported doing in 2021

Donated to various not-for-profit organizations with similar purpose.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 23
  • Transparency & Controls: 82
  • Sustainability: 72
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 15.5%; rating input score 16
  • Program expense ratio: 33.9%; rating input score 34

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 54.2%; rating input score 89; 89th percentile among comparable filings
  • Total-asset coverage ratio: 5.84; rating input score 81; 81st 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: -26% per year; rating input score 0; 17th percentile among comparable filings
  • Revenue growth: -25.6% per year; rating input score 0; 13th percentile among comparable filings
  • Asset growth: -20.6% per year; rating input score 0; 8th percentile among comparable filings

Details

  • Where the money goes: 15.5% of revenue deployed · 33.9% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $575 in reported program spending
  • Leadership: top reported pay $0 · 19 people listed
  • Consistency: 6 of 6 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 9 filing years from 2013 to 2021
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Financial Efficiency: Mission deployment rate scored 16/100.
  • Moderate — Financial Efficiency: Program expense ratio scored 34/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.