HAITI PROJECTS INC (EIN 043407813) - Form 990 Financial Analysis & Trantor Score

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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

6172492307

Tax Period

2023-01-01 to 2023-12-31

HAITI PROJECTS INC, founded in 1996, is a small nonprofit in the International Affairs sector that reported $226K in total revenue in fiscal year 2023. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $651K exceeded revenue, resulting in a 188% operating deficit.

Mission

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

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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 $121,294

Program Service Revenue $0

Investment Income $0

Other Revenue $104,390

TOTAL REVENUE $225,684

Expense Breakdown

Grants Paid $0

Salaries & Benefits $310,056

Fundraising Expenses $10,608

Program Expenses $439,680

Other Expenses $340,676

TOTAL EXPENSES $650,732

Year-over-Year Comparison

	2023	2022	Change
Revenue	$225,684	$645,906	-0.7%
Expenses	$650,732	$505,877	+0.3%
Net Income	$-425,048	$140,029	-4.0%

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

$93,668

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TARYN LORTHE	EXECUTIVE DI	40.00	Officer	$93,668	$0	$93,668
NICK CARTER	DIRECTOR	3.00	Director	$0	$0	$0
KATHLEN CHANT	DIRECTOR	3.00	Director	$0	$0	$0
MILIANE CLERMONT	DIRECTOR	3.00	Director	$0	$0	$0
EILEEN FREITAG	SECRETARY	3.00	Officer Director	$0	$0	$0
SUSAN M GATELY	TREASURER	3.00	Officer Director	$0	$0	$0
PAUL P HARRIS	DIRECTOR	3.00	Director	$0	$0	$0
FRANTS JACQUES	CHAIR	3.00	Officer Director	$0	$0	$0
DALE JOACHIM	DIRECTOR	3.00	Director	$0	$0	$0
ALISA KUNO	DIRECTOR	3.00	Director	$0	$0	$0
KATHLEEN MCDONOUGH	VICE CHAIR	3.00	Officer Director	$0	$0	$0
SHEILA PACE	DIRECTOR	3.00	Director	$0	$0	$0
INOBERT PIERRE	DIRECTOR	3.00	Director	$0	$0	$0
PETER SANBORN	DIRECTOR	3.00	Director	$0	$0	$0
PIERRE VILETTE	DIRECTOR	3.00	Director	$0	$0	$0

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
2024	No data	No data	No data	No data
2023	$225,684	$650,732	$1,316,682	$-425,048
2022	$645,906	$505,877	$1,657,907	$140,029
2021	$172,285	$497,125	$1,506,983	$-324,840
2020	$597,130	$532,993	$1,824,169	$64,137
2019	$837,357	$728,030	$1,755,907	$109,327
2018	$706,350	$674,549	$1,624,552	$31,801

HAITI PROJECTS INC