HAYMARKET PEOPLE'S FUND INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

KARLA NICHOLSON

Phone

6175227676

Tax Period

2023-07-01 to 2024-06-30

HAYMARKET PEOPLE'S FUND INC, founded in 1975, is a community nonprofit that reported $2.8M in total revenue in fiscal year 2023. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $818K, a strong 29% operating margin.

Mission

HAYMARKET PEOPLE'S FUND IS AN ANTI-RACIST AND MULTI-CULTURAL FOUNDATION THAT IS COMMITTED TO STRENGTHENING THE MOVEMENT FOR SOCIAL JUSTICE IN NEW ENGLAND. THROUGH GRANTMAKING, FUNDRAISING, AND CAPACITY BUILDING, WE SUPPORT GRASSROOTS ORGANIZATIONS THAT ADDRESS THE ROOT CAUSES OF INJUSTICE. HAYMARKET ALSO ORGANIZES TO INCREASE SUSTAINABLE COMMUNITY PHILANTHROPY THROUGHOUT OUR REGION.

Program Service Accomplishments

Program 1

Expenses: $1,240,461

GRANTEE PROGRAM: HAYMARKET'S GRANTS PROVIDED ESSENTIAL RESOURCES TO SUSTAINING AND URGENT RESPONSE GRASSROOTS COMMUNITY ORGANIZATIONS ACROSS THE NEW ENGLAND REGION.

Program 2

Expenses: $24,553

THE DONOR-ADVISED GRANTMAKING PROGRAM: ALLOWS INDIVIDUALS AND FAMILIES TO USE THE RESOURCES, KNOWLEDGE, AND GRANTMAKING EXPERTISE OF HAYMARKET PEOPLE'S FUND TO DIRECT THEIR PERSONAL PHILANTHROPY...

THE DONOR-ADVISED GRANTMAKING PROGRAM: ALLOWS INDIVIDUALS AND FAMILIES TO USE THE RESOURCES, KNOWLEDGE, AND GRANTMAKING EXPERTISE OF HAYMARKET PEOPLE'S FUND TO DIRECT THEIR PERSONAL PHILANTHROPY. AFTER DECADES OF CONDUCTING THIS PROGRAM, AN ASSESSMENT INDICATED IT WAS NOT A MISSION FIT AS IT RELATES TO HAYMARKET'S FOCUS. THIS ACCOUNT ALSO PROVIDES A SUBSTANTIAL CONTRIBUTION TO THE PUBLIC DONATIONS. ALL SUPPORTERS ARE ENCOURAGED TO SUPPORT HAYMARKET'S GRANT POOL, WHERE FUNDING DECISIONS ARE DEEPLY VETTED PROVIDING A GREATER REGIONAL IMPACT.

Program 3

Expenses: $46,137 Revenue: $81,569

COMMUNITY BUILDING: HAYMARKET LEASES MEETING AND OFFICE SPACE TO NON-PROFIT ORGANIZATIONS AND COMMUNITY GROUPS. TENANTS TYPICALLY ARE MISSION-DRIVEN AND COMMUNITY BASED. THEY MAY OR MAY NOT RECEIVE...

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,055,769

Program Service Revenue $79,709

Investment Income $667,142

Other Revenue $32,068

TOTAL REVENUE $2,834,688

Expense Breakdown

Grants Paid $1,004,913

Salaries & Benefits $629,946

Fundraising Expenses $432,834

Program Expenses $1,311,151

Other Expenses $382,241

TOTAL EXPENSES $2,017,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,834,688	$2,101,992	+0.3%
Expenses	$2,017,100	$2,049,314	0.0%
Net Income	$817,588	$52,678	+14.5%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$188,236

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AYEESHA LANE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CLAIRE WHEELER	TREASURER	1.00	Officer Director	$0	$0	$0
JEREMY PHILLIPS	CLERK	1.00	Officer Director	$0	$0	$0
MERCEDES TOMPKINS	DIRECTOR	0.50	Director	$0	$0	$0
ERICA LICHT	DIRECTOR	0.50	Director	$0	$0	$0
HOLLY FETTER	DIRECTOR	0.50	Director	$0	$0	$0
SARIKA TANDON	DIRECTOR	0.50	Director	$0	$0	$0
ABDULKERM SAID	DIRECTOR (UNTIL 4/24)	0.50	Director	$0	$0	$0
KARLA NICHOLSON	EXECUTIVE DIRECTOR	35.00	Officer	$146,018	$42,218	$188,236
JAIME SMITH HENRY	GRANTS DIRECTOR	35.00	Highest	$126,286	$19,868	$146,154
JENNIFER DOWDELL	DEVEL. DIRECTOR	35.00	Highest	$125,766	$65,736	$191,502

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
2025	No data	No data	No data	No data
2024	$2,834,688	$2,017,100	$13,867,383	$817,588
2023	$2,101,992	$2,049,314	$12,691,099	$52,678
2022	$2,838,925	$1,749,662	$12,065,236	$1,089,263
2021	$3,644,454	$1,537,385	$12,020,172	$2,107,069
2020	$4,369,375	$2,057,132	$8,953,625	$2,312,243
2019	$1,193,250	$1,051,264	$6,764,151	$141,986
2018	$1,731,077	$1,058,853	$6,311,026	$672,224