HAITIAN AMERICAN CULTURAL & SOCIAL ORGANIZATION INC (EIN 133079233) - 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

1978

Legal Domicile

Principal Officer

KURT KANNEMEYER

Phone

8453525897

Tax Period

2018-01-01 to 2018-12-31

HAITIAN AMERICAN CULTURAL & SOCIAL ORGANIZATION INC, founded in 1978, is a small nonprofit in the Public & Societal Benefit sector that reported $246K in total revenue in fiscal year 2018. Expenses of $286K exceeded revenue, resulting in a 16% operating deficit.

Mission

HACSO COMMUNITY CENTER, INC. IS A NON-PROFIT GRASS-ROOT COMMUNITY ORGANIZATION ESTABLISHED IN ROCKLAND SINCE 1974 TO CREATE A COMMUNITY WHERE IMMIGRANTS CAN ACHIEVE SELF-SUFFICIENCY, ULTIMATELY ENABLING THEM TO BECOME ACTIVE CONTRIBUTORS TO THE ECONOMIC AND CULTURAL AND SOCIAL DEVELOPMENT OF THEIR COMMUNITY. TO ACCOMPLISH THIS MISSION, HASCO EMPOWERS AND PROVIDES IMMIGRANTS WITH THE TOOLS NEEDED TO BUILD SUCH SELF-SUFFICIENCY, BY REDUCING THE LANGUAGE AND CULTURAL BARRIERS THAT CHALLENGE THEIR ACCESS TO EXISTING COMMUNITY RESOURCES AND PROGRAMS. HACSO'S PROGRAMS FOCUS ON: IMMIGRATION, CITIZENSHIP AND NATURALIZATION, CIVIC RESPONSIBILITY AND VOLUNTEERISM, SOCIAL AND HEALTH EDUCATION AND SUPPORT SERVICES.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $246,079

Investment Income $0

Other Revenue $0

TOTAL REVENUE $246,079

Expense Breakdown

Grants Paid $0

Salaries & Benefits $187,028

Fundraising Expenses $0

Program Expenses $285,777

Other Expenses $98,749

TOTAL EXPENSES $285,777

Year-over-Year Comparison

	2018	2017	Change
Revenue	$246,079	$249,580	0.0%
Expenses	$285,777	$283,421	+0.0%
Net Income	$-39,698	$-33,841	+0.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT KANNEMEYER	EXECUTIVE DI	N/A	Director	$0	$0	$0
MARIE YVROSE SANZ	PRESIDENT	N/A	Officer	$0	$0	$0
ROSE M LOUIS	SECRETARY	N/A	Officer	$0	$0	$0
WATSON SALVANT	MEMBER	N/A	Officer	$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
2018	$246,079	$285,777	$33,424	$-39,698
2017	$249,580	$283,421	$37,817	$-33,841

HAITIAN AMERICAN CULTURAL & SOCIAL ORGANIZATION INC