Marshmallow's Hope Nonprofit Organization Corp

Nonprofit profile at a glance

EIN
853140746
IRS 990 coverage
2023–2024
Forms available
Form 990 2024, Form 990-EZ 2022, Form 990-N 2021
Location
Rockford, IL, USA
Phone
8882774028
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$2,424,898
Expenses
$716,351
Assets
$2,048,013
Liabilities
$50,286

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Executive titles in this filing

  • RICHARD FOSTER (PRESIDENT)

Highest reported compensation

  • LAURA KANE (EXECUTIVE DI): $79,901 total reported compensation
  • TODD HOOKS (FINANCIAL OF): $3,200 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

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.

What it reported doing in 2024

This year, marshmallows hope has made significant strides in expanding our reach and enhancing our services to better serve youth and families in need. One of our most notable accomplishments was the purchase of our very own building, providing us with a permanent and dedicated space to continue our mission of suicide prevention and mental health support.additionally, we expanded our team by hiring 14 new employees, allowing us to increase our capacity and improve the quality of care we provide. As part of our growth, we now proudly serve seven counties across Illinois, offering essential services such as therapeutic mentorship and family peer support.a major milestone for our organization this year was the launch of the only intensive outpatient program (iop) in our service area. This program is designed to offer critical, structured mental health support to individuals in need, filling a significant gap in accessible care within our community.these accomplishments reflect our ongoing commitment to providing life-saving resources and support to youth and families, ensuring they have access to the care and guidance they need.

Operating model

Revenue model
Grant-funded. 97% of the money available for current operations came from government grants.
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.
  • Includes noncash contributions: Reported contributions include donated property or goods.

The verdict

SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 53
  • Transparency & Controls: 92
  • Accountability: 79
  • Sustainability: 78
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 25.9%; rating input score 26
  • Program expense ratio: 86.5%; rating input score 87
  • Fundraising efficiency: $88.06 raised per $1 spent on fundraising; rating input score 85; 85th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd 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: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 4 of 8 controls in place; rating input score 50
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 70.5%; rating input score 96; 96th percentile among comparable filings
  • Total-asset coverage ratio: 2.86; rating input score 72; 72nd percentile among comparable filings
  • Liabilities to assets ratio: 0.02; rating input score 78; 78th percentile among comparable filings
  • Officer compensation ratio: 11.6%; rating input score 25; 25th percentile among comparable filings

Growth

  • Program expense growth: 132.7% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 125.1% per year; rating input score 100; 99th percentile among comparable filings
  • Asset growth: 125.2% per year; rating input score 100; 100th percentile among comparable filings

Details

  • Where the money goes: 25.9% of revenue deployed · 86.5% of spending went to programs
  • Governance: 5 of 5 board members independent · 4 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $620K in reported program spending
  • Leadership: top reported pay $80K · 6 people listed
  • Consistency: 27 of 27 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • 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 — Financial Efficiency: Mission deployment rate scored 26/100.
  • Review — Accountability: Governance controls: 3 of 7 not reported.
  • High — Sustainability: Officer compensation ratio scored 25/100.