Friends of HEC Inc (EIN 208152139) - 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

2008

Legal Domicile

Phone

9292153061

Tax Period

2024-01-01 to 2024-12-31

Friends of HEC Inc, founded in 2008, is a community nonprofit in the Education sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $271K, a strong 21% operating margin.

Mission

Supporting the interests of schools, educational programs and institutions associated with The Ecole Des Hautes Etudes commerciales.

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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 $1,310,585

Program Service Revenue $0

Investment Income $128

Other Revenue $1,370

TOTAL REVENUE $1,312,083

Expense Breakdown

Grants Paid $676,325

Salaries & Benefits $271,484

Fundraising Expenses $0

Program Expenses $1,006,388

Other Expenses $93,573

TOTAL EXPENSES $1,041,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,312,083	$1,074,218	+0.2%
Expenses	$1,041,382	$1,061,016	0.0%
Net Income	$270,701	$13,202	+19.5%

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

$257,400

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vincent MUZELLE	Executive Dir.	35.00	Officer	$257,400	$0	$257,400
Jaime M Tique	Director	1.00	Director	$0	$0	$0
Romain Dambre	Secretary	1.00	Officer Director	$0	$0	$0
Ghina Sahagun	Director	1.00	Director	$0	$0	$0
Denis Streiff	Treasurer	1.00	Officer Director	$0	$0	$0
Anne Claire Berg	Director	1.00	Director	$0	$0	$0
Christine Laurens	Director	1.00	Director	$0	$0	$0
Evelyne Estey	President	1.00	Officer Director	$0	$0	$0
Gad Berdugo	Director	1.00	Director	$0	$0	$0
Jerome De Castries	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	$1,312,083	$1,041,382	$359,536	$270,701
2023	$1,074,218	$1,061,016	$87,838	$13,202
2022	$3,832,118	$3,945,136	$65,407	$-113,018
2021	$781,362	$826,491	$173,815	$-45,129
2020	$632,307	$568,153	$221,419	$64,154
2019	$756,743	$720,808	$160,900	$35,935
2018	$526,531	$480,112	$117,466	$46,419

Friends of HEC Inc