HAITI PROJECTS 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

1996

Legal Domicile

Principal Officer

TARYN LORTHE

Phone

6172494307

Tax Period

2024-01-01 to 2024-12-31

HAITI PROJECTS INC, founded in 1996, is a small nonprofit in the International Affairs sector that reported $581K in total revenue in fiscal year 2024. Revenue surged 157% from the prior year, signaling strong growth momentum. Expenses of $668K exceeded revenue, resulting in a 15% operating deficit.

Mission

HAITI PROJECTS MISSION IS TO EMPOWER WOMEN AND THEIR FAMILIES IN RURAL HAITI BY PROVIDING ACCESS TO JOBS, HEALTHCARE, AND EDUCATION.

Program Service Accomplishments

Program 1

Expenses: $238,803 Revenue: $111,066

ARTISANAT COOPERATIVE :HAITI PROJECTS' ARTISANAT COOPERATIVE EMPLOYS UP TO 100 WOMEN FROM RURAL HAITI TO MAKE HAND-KNIT AND HAND-EMBROIDERED PRODUCTS. THESE PRODUCTS ARE SOLD IN THE US AND HAITI...

ARTISANAT COOPERATIVE :HAITI PROJECTS' ARTISANAT COOPERATIVE EMPLOYS UP TO 100 WOMEN FROM RURAL HAITI TO MAKE HAND-KNIT AND HAND-EMBROIDERED PRODUCTS. THESE PRODUCTS ARE SOLD IN THE US AND HAITI RETAIL AND WHOLESALE. HAITI PROJECTS IS A MEMBER OF THE FAIR TRADE FEDERATION. WITH THIS INCOME FROM THE ARTISANAT COOPERATIVE WOMEN ARE ABLE TO SEND THEIR CHILDREN TO SCHOOL, PROVIDE FOOD FOR THEIR FAMILIES, AND OPERATE THEIR OWN PERSONAL SMALL FAMILY BUSINESSES.

Program 2

Expenses: $175,667

COMMUNITY LIBRARY :HAITI PROJECTS' COMMUNITY LIBRARY HAS OVER 700 MEMBERS AND PROVIDES THE ONLY ACCESS TO BOOKS, COMPUTERS, AND TECHNOLOGY IN THE AREA. THE LIBRARY OFFERS CLASSES FOR CHILDREN OF ALL AGES AS WELL AS ADULT LITERACY CLASSES. IT IS A PLACE FOR LOCAL STUDENTS TO COME TO STUDY AND RESEARCH TOGETHER AND PROVIDES ACCESS TO LEARNING PROGRAMS AS WELL AS KIDS CLUBS, DANCE CLASS, LANGUAGE CLASS, AND YOGA.

Program 3

Expenses: $58,693

CLINIC :HAITI PROJECTS' FAMILY PLANNING CLINIC PROVIDES HEALTH SERVICES TO OVER 4,000 WOMEN EVERY YEAR. THIS INCLUDES HEALTH EDUCATION, BASIC HEALTH SERVICES, AND FAMILY PLANNING METHODS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $464,267

Program Service Revenue $0

Investment Income $0

Other Revenue $116,253

TOTAL REVENUE $580,520

Expense Breakdown

Grants Paid $0

Salaries & Benefits $370,911

Fundraising Expenses $7,942

Program Expenses $545,626

Other Expenses $297,254

TOTAL EXPENSES $668,165

Year-over-Year Comparison

	2024	2023	Change
Revenue	$580,520	$225,684	+1.6%
Expenses	$668,165	$650,733	+0.0%
Net Income	$-87,645	$-425,049	-0.8%

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

$104,476

Total Directors