PROVIDENCE, RI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE HAITIAN PROJECT THROUGH ITS SUPPORT OF LOUVERTURE CLEARY SCHOOLS, A NATIONAL NETWORK OF TUITION-FREE, CATHOLIC, COEDUCATIONAL SECONDARY BOARDING SCHOOLS IN HAITI,PROVIDES FOR THE EDUCATION OF ACADEMICALLY TALENTED AND MOTIVATED STUDENTS FROM HAITIAN FAMILIES WHO CANNOT AFFORD THE COST OF THEIR CHILDREN'S EDUCATION IN ORDER TO MAXIMIZE THEIR POTENTIAL AND ENABLE THEM TO WORK TOWARD BUILDING A HAITI WHERE JUSTICE AND PEACE THRIVE.
THE HAITIAN PROJECT, INC. SUPPORTS AND OVERSEES THE LOUVERTURE CLEARY SCHOOLS(LCS) NETWORK IN HAITI, WHICH WILL BE A NATIONAL NETWORK OF TUITION-FREE, CATHOLIC, CO-EDUCATIONAL SECONDARY BOARDING...
THE HAITIAN PROJECT, INC. SUPPORTS AND OVERSEES THE LOUVERTURE CLEARY SCHOOLS(LCS) NETWORK IN HAITI, WHICH WILL BE A NATIONAL NETWORK OF TUITION-FREE, CATHOLIC, CO-EDUCATIONAL SECONDARY BOARDING SCHOOLS IN HAITI. THE FLAGSHIP LCS HAS BEEN OPERATING FOR NEARLY FOUR DECADES IN PORT AU PRINCE, AND THE SECOND SCHOOL IS UNDER CONSTRUCTION IN THE PLAUTEAU CENTRAL, WHICH WILL BE THE PROTOTYPE FOR THE PHYSICAL CAMPUS FOR THE ADDITIONAL SCHOOLS. EACH FULLY OPERATIONAL SCHOOL SERVES 360 STUDENTS AGES 11 TO 19 WHO OTHERWISE COULD NOT AFFORD SECONDARY EDUCATION. THE SCHOOL'S UNIVERSITY SCHOLARSHIP PROGRAM CURRENTLY SUPPORTS 110 TO 120 ALUMNI AT ANY GIVEN TIME WITH SCHOLARSHIPS TO HAITIAN UNIVERSITIES, AND THIS NUMBER WILL INCREASE AS ADDITIONAL SCHOOLS GRADUATE STUDENTS. THE SCHOOLS ARE FULLY ACCREDITED BY THE HAITIAN MINISTRY OF EDUCATION, FOLLOWING A RIGOROUS CURRICULUM, AND ARE MANAGED BY A FULLY HAITIAN LEADERSHIP TEAM. THE HAITIAN PROJECT HAS FORMAL RELATIONSHIPS WITH TWO HAITIAN NON-PROFIT ORGANIZATIONS ESTABLISHED FOR THE PURPOSE OF MANAGING THE PHYSICAL ASSETS AND CONSTRUCTION (FONDATION HAITIAN PROJECT) AND THE ACADEMIC PROGRAM (FONDATION EDUCATIVE LOUVERTURE CLEARY). IN 2023, THE HAITIAN PROJECT PROVIDED $1,142,275 DIRECTLY TO THE FOUNDATIONS BY WIRE TRANSFER BASED ON A BUDGET APPROVED BY THE HAITIAN PROJECT'S BOARD OF DIRECTORS TO SUPPORT THE ACTIVITIES.
$5,000 WAS PROVIDED DIRECTLY TO FAMILLE KIZITO IN SUPPORT OF THEIR WORK WITH CHILDREN IN CITE SOLEIL, HAITI.
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 | $4,647,242 | $1,857,942 | +1.5% |
| Expenses | $2,176,250 | $2,182,609 | 0.0% |
| Net Income | $2,470,992 | $-324,667 | -8.6% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare THE HAITIAN PROJECT INC with other nonprofits in Rhode Island and across the country.