THE HAITIAN PROJECT INC (EIN 222700013) - 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

1986

Legal Domicile

Principal Officer

PATRICK MOYNIHAN

Phone

4013513624

Tax Period

2023-01-01 to 2023-12-31

THE HAITIAN PROJECT INC, founded in 1986, is a community nonprofit in the International Affairs sector that reported $4.6M in total revenue in fiscal year 2023. Revenue surged 150% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.5M, a strong 53% operating margin.

Mission

THE HAITIAN PROJECT THROUGH ITS SUPPORT OF LOUVERTURE CLEARY SCHOOLS, A NATIONAL NETWORK OF TUITION-FREE, CATHOLIC, CO-ED SECONDARY BOARDING SCHOOLS IN HAITI, PROVIDES FOR THE EDUCATION OF ACADEMICALLY TALENTED AND MOTIVATED STUDENTS FROM HAITIAN FAMILIES WHO CANNOT AFFORD THEIR CHILDREN'S EDUCATION COST.

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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 $4,447,684

Program Service Revenue $0

Investment Income $199,558

Other Revenue $0

TOTAL REVENUE $4,647,242

Expense Breakdown

Grants Paid $1,147,275

Salaries & Benefits $845,627

Fundraising Expenses $367,153

Program Expenses $1,542,853

Other Expenses $183,348

TOTAL EXPENSES $2,176,250

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,647,242	$1,857,942	+1.5%
Expenses	$2,176,250	$2,182,609	0.0%
Net Income	$2,470,992	$-324,667	-8.6%

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

$258,277

Total Directors

$244,401

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARISA GRONDIN	DIRECTOR, PRESIDENT; CURRENTLY VICE PRESIDENT	40.00	Officer Director	$83,508	$34,010	$117,518
MALLORY MAIER	DIRECTOR, CHIEF PROGRAM OF	40.00	Director	$65,177	$33,110	$98,287
ALEXANDER ALBERTINE	DIRECTOR	2.00	Director	$0	$0	$0
COLLIN DAVISCOURT	DIRECTOR	2.00	Director	$0	$0	$0
SABINE GUERRIER	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH MACDONALD	DIRECTOR, TREASURER	2.00	Officer Director	$0	$0	$0
THOMAS PESCE	DIRECTOR	2.00	Director	$0	$0	$0
TIMOTHY SCORDATO	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG ELSTAK	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH BOWMAN	DIRECTOR	2.00	Director	$0	$0	$0
PATRICK MOYNIHAN	HEAD OF ADV; CURRENT DIRECTOR AND PRESIDENT	40.00	Officer Director	$21,750	$6,846	$28,596
DAVID FINN	DIRECTOR	2.00	Director	$0	$0	$0
RAYMOND SPRUNGLE	DIRECTOR	2.00	Director	$0	$0	$0
MARK BOWKER	VICE PRESIDENT/SECRETARY	40.00	Officer	$78,408	$33,755	$112,163

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,647,242	$2,176,250	$7,590,164	$2,470,992
2022	$1,857,942	$2,182,609	$4,737,801	$-324,667
2021	$2,202,119	$2,406,504	$5,745,460	$-204,385
2021	$2,202,119	$2,406,504	$5,745,460	$-204,385
2020	$2,131,145	$1,798,076	$6,342,261	$333,069

THE HAITIAN PROJECT INC