HIPS ROAD INC (EIN 133471757) - 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

1988

Legal Domicile

Principal Officer

JOHN ZORN

Phone

2126820180

Tax Period

2023-01-01 to 2023-12-31

HIPS ROAD INC, founded in 1988, is a community nonprofit in the Unknown sector that reported $1.3M in total revenue in fiscal year 2023. Revenue surged 70% from the prior year, signaling strong growth momentum. The organization ran a surplus of $286K, a strong 22% operating margin.

Mission

TO FUND RECORDING ARTISTS AND COMPOSERS TO PROMOTE ARTISTIC DEVELOPMENT AND CULTURAL EXCHANGES

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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 $54,686

Program Service Revenue $1,219,199

Investment Income $14,351

Other Revenue $0

TOTAL REVENUE $1,288,236

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,236

Fundraising Expenses $0

Program Expenses $947,127

Other Expenses $988,632

TOTAL EXPENSES $1,001,868

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,288,236	$755,801	+0.7%
Expenses	$1,001,868	$606,095	+0.7%
Net Income	$286,368	$149,706	+0.9%

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

$76,312

Total Directors

$76,312

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN ZORN	ARTISTIC DR	45.00	Officer Director	$40,000	$0	$40,000
IKUE MORI	DIRECTOR	40.00	Officer Director	$21,562	$0	$21,562
HEUNG HEUNG CHIN	SECRETARY	2.00	Officer Director	$14,750	$0	$14,750
KAZUNORI SUGIYAMA	DIRECTOR	1.00	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	$1,288,236	$1,001,868	$2,452,264	$286,368
2022	$755,801	$606,095	$2,158,396	$149,706
2021	$627,605	$534,890	$2,007,582	$92,715
2020	$333,747	$472,264	$1,920,040	$-138,517
2019	$1,035,398	$591,985	$2,051,532	$443,413
2018	$825,664	$657,488	$1,621,749	$168,176

HIPS ROAD INC