HANAC INC (EIN 112290832) - 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

1972

Legal Domicile

Principal Officer

STACY BLIAGOS

Phone

2128408005

Tax Period

2024-07-01 to 2025-06-30

HANAC INC, founded in 1972, is a mid-sized nonprofit in the Civil Rights & Advocacy sector that reported $24.5M in total revenue in fiscal year 2024. Revenue surged 23% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.3M, a strong 17% operating margin.

Mission

TO DEVELOP, IMPLEMENT AND ADMINISTER THE OPERATION OF SERVICE PROGRAMS FOR THE BETTERMENT OF THE COMMUNITY.

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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 $22,496,873

Program Service Revenue $1,405,160

Investment Income $429,902

Other Revenue $128,910

TOTAL REVENUE $24,460,845

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,505,136

Fundraising Expenses $11,214

Program Expenses $16,700,001

Other Expenses $6,699,132

TOTAL EXPENSES $20,204,268

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,460,845	$19,949,338	+0.2%
Expenses	$20,204,268	$19,062,799	+0.1%
Net Income	$4,256,577	$886,539	+3.8%

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

451

Volunteers

185

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

$397,077

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALLISON MUSMAND	BOARD MEMBER	0.30	Director	$0	$0	$0
CONSTANTINA PAPAGEORGIOU	BOARD MEMBER	0.30	Director	$0	$0	$0
DEMETRIA TSAGARIS	BOARD MEMBER	0.30	Director	$0	$0	$0
DENNIS YUELYS	TREASURER	0.30	Officer Director	$0	$0	$0
DR GEORGE SYROS	BOARD MEMBER	0.30	Director	$0	$0	$0
EVANGELINE DOURIS	BOARD MEMBER	0.30	Director	$0	$0	$0
HELENE O CALOIR	SECRETARY	0.30	Officer Director	$0	$0	$0
MARIA BETANCES	BOARD MEMBER	0.30	Director	$0	$0	$0
NICHOLAS TJARTJALIS	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
SAVITRI TU	BOARD MEMBER	0.30	Director	$0	$0	$0
TAMMY BERENTSON	INTERIM CHAIRMAN/PRESIDENT	1.00	Officer Director	$0	$0	$0
VIRGINIA TRANCHIK	BOARD MEMBER	0.30	Director	$0	$0	$0
LOLA MAROULIS	CFO	35.00	Officer	$174,357	$22,125	$196,482
STACY BLIAGOS	EXECUTIVE DIRECTOR	14.00	Officer	$69,594	$25,287	$200,595
ANDREA JERVES	DIRECTOR OF PROGRAMS & DEVELOPMENT	35.00	Highest	$133,797	$21,367	$155,164

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	$24,460,845	$20,204,268	$32,952,149	$4,256,577
2024	$19,949,338	$19,062,799	$30,634,311	$886,539
2023	$18,684,279	$18,065,917	$29,101,730	$618,362
2022	$20,374,188	$16,419,676	$28,146,506	$3,954,512
2021	$13,915,261	$14,989,400	$24,898,755	$-1,074,139
2020	$13,648,020	$13,142,560	$25,016,203	$505,460
2019	$15,105,505	$14,367,610	$23,068,383	$737,895
2018	$14,225,391	$13,861,817	$22,912,824	$363,574

HANAC INC