SAN RAFAEL, CA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)HOFFMAN INSTITUTE SUPPORTING FOUNDATION, founded in 2006, is a community nonprofit in the Medical Research sector that reported $4.5M in total revenue in fiscal year 2023. Revenue surged 27891% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.4M, a strong 76% operating margin.
THE SPECIFIC AND PRIMARY PURPOSE OF THE SUPPORTING FOUNDATION IS TO ENGAGE IN CHARITABLE AND EDUCATION ACTIVITIES THAT BENEFITS, PERFORMS THE FUNCTIONS OF, OR CARRIES OUT THE PURPOSE OF THE HOFFMAN INSTITUTE FOUNDATION.
THE KEY ACTIVITIES IN 2023 WERE THE RECEIPT OF PASSTHROUGH GRANT OF $4.5MM FROM HOFFMAN INSTITUTE FOUNDATION TO FUND A $4MM PAYDOWN OF THE BUSINESS LOAN WITH CITY NATIONAL BANK AND SEVERAL CAPITAL...
THE KEY ACTIVITIES IN 2023 WERE THE RECEIPT OF PASSTHROUGH GRANT OF $4.5MM FROM HOFFMAN INSTITUTE FOUNDATION TO FUND A $4MM PAYDOWN OF THE BUSINESS LOAN WITH CITY NATIONAL BANK AND SEVERAL CAPITAL IMPROVEMENTS TO THE THE HOFFMAN RETREAT CENTER (HRC) SITE. THESE PROJECTS INCLUDE COMPLETION OF THE ALL SITE GENERATOR, STRUCTURAL IMPROVEMENTS TO THE CLASSROOMS, ROADWAYS, ELECTRICAL AND LODGING FACILITIES. THE SITE WAS RENTED BY THE HOFFMAN INSTITUTE FOUNDATION AS AN INTERIM RETREAT SITE FOLLOWING THE FIRE LOSS OF WHITE SULPHUR SPRINGS IN SEPTEMBER 2020. IMPROVEMENTS TO THIS 194 ACRE SITE ENABLES THE FOUNDATION TO INCREASE OPERATIONAL CAPACITY.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $4,538,188 | $16,213 | +278.9% |
| Expenses | $1,103,874 | $801,304 | +0.4% |
| Net Income | $3,434,314 | $-785,091 | -5.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CHARLES INGRASCI | PRESIDENT/CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $12,473 | $172,452 |
| BERNARD TARR | VICE PRESIDENT/TREASURER | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| SHARON ROE | SECRETARY | 0.30 |
Officer
Director
|
$0 | $0 | $0 |
| CORT SCHWANEBECK | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| RICH CERICK | DIRECTOR | 0.30 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $4,538,188 | $1,103,874 | $23,242,792 | $3,434,314 |
| 2022 | $16,213 | $801,304 | $23,842,299 | $-785,091 |
| 2021 | $6,921,250 | $1,043,861 | $24,584,790 | $5,877,389 |
| 2020 | $1,116,241 | $148,840 | $8,707,401 | $967,401 |
| 2019 | $7,740,000 | No data | $7,740,000 | No data |
Compare HOFFMAN INSTITUTE SUPPORTING FOUNDATION with other nonprofits in California and across the country.