Hola Ohio
Nonprofit profile at a glance
- EIN
- 832039252
- IRS 990 coverage
- 2020–2024
- Forms available
- Form 990 2024
- Location
- Painesville, OH, USA
- Phone
- 4402104222
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Support N.E.C.
Reported finances
- Revenue
- $424,639
- Expenses
- $489,898
- Assets
- $2,654,513
- Liabilities
- $428,559
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
Executive titles in this filing
- VERONICA DAHLBERG (PRESIDENT)
Highest reported compensation
- VERONICA DAHLBERG (PRESIDENT): $89,800 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Hola Ohio's mission is to improve quality-of-life opportunities and empower the latino community through outreach, education, civic engagement, entrepreneurship and skills development.
What it reported doing in 2024
2024 accomplishments: -hosted a summer reading program (rise-read in summer and excel) for 41 students in grades k - 6th with free lunch provided. -hosted spring and fall math tutoring programs (counting on a bright future) for 72 and 65 students respectively, with free dinner provided for students and families -hosted a health fair with over 20 medical and mental health providers conducting vision, diabetes, lung and other free screenings to over 120 people -operated a food and household needs pantry that served over 150 people "hosted free cultural events (cinco de mayo and dia de muertos) in partnership with community partners with over 5,000 in attendance -assisted researchers and doctors from the cleveland clinic to conduct studies of the lung health of migrant farmworkers. -hosted a job fair, resume writing workshop and mock job interviews with area employers, and over 100 job-seekers participating -hosted a christmas party for children with local police and over 120 children attended -hosted several nonprofits for free breakfast, lunch and dinner meetings at hola, including the naacp, leadership lake county and others -assisted over 2,000 clients with free services including translations, access to medical and mental health assistance, legal help and more. -distributed gift cards to low-income farmworkers for food and necessities
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 88
- Transparency & Controls: 92
- Accountability: 78
- Sustainability: 37
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 98.6%; rating input score 99
- Program expense ratio: 85.4%; rating input score 85
- Fundraising efficiency: $12.95 raised per $1 spent on fundraising; rating input score 46; 46th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 88.9%; rating input score 89; 24th percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -15.4%; rating input score 17; 17th percentile among comparable filings
- Total-asset coverage ratio: 5.42; rating input score 81; 81st percentile among comparable filings
- Liabilities to assets ratio: 0.16; rating input score 22; 22nd percentile among comparable filings
- Officer compensation ratio: 18.3%; rating input score 21; 21st percentile among comparable filings
Growth
- Program expense growth: 12.5% per year; rating input score 100; 75th percentile among comparable filings
- Revenue growth: -19.9% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 20.4% per year; rating input score 100; 85th percentile among comparable filings
Details
- Where the money goes: 98.6% of revenue deployed · 85.4% of spending went to programs
- Governance: 8 of 9 board members independent · 5 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $418K in reported program spending
- Leadership: top reported pay $90K · 9 people listed
- Consistency: 27 of 27 current checks pass
- Schedules: 4 filed schedules · includes major donors
- Filing history: 4 filing years from 2020 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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.
- Moderate — Financial Efficiency: Fundraising efficiency scored 46/100.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 17/100.
- High — Sustainability: Liabilities to assets ratio scored 22/100.
- High — Sustainability: Officer compensation ratio scored 21/100.