Hendorn Inc (EIN 231972659) - 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

Principal Officer

DANIEL GLUNK

Phone

8142747677

Tax Period

2023-07-01 to 2024-06-30

Hendorn Inc is a small nonprofit in the Human Services sector that reported $711K in total revenue in fiscal year 2023. Expenses of $1.0M exceeded revenue, resulting in a 43% operating deficit.

Mission

BENEFITS: UPMC MAY PROVIDE THE FOLLOWING BENEFITS TO CERTAIN EXECUTIVES WHEN THEY ARE NECESSARY TO ACHIEVE UPMC'S CHARITABLE MISSION OBJECTIVES: FIRST-CLASS OR CHARTER TRAVEL; TRAVEL FOR COMPANIONS; TAX INDEMNIFICATION OR GROSS UP PAYMENTS; AND/OR BUSINESS CLUB DUES OR INITIATION FEES. PROVISION OF ANY SUCH BENEFITS IS PREDICATED ON COMPLIANCE WITH THE ORGANIZATION'S POLICIES, IS SUBJECT TO REVIEW AND APPROVAL PROCESSES, AND IS TREATED AS TAXABLE INCOME TO THE EXECUTIVES WHERE REQUIRED UNDER THE INTERNAL REVENUE CODE.

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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 $14,511

Program Service Revenue $696,288

Investment Income $0

Other Revenue $0

TOTAL REVENUE $710,799

Expense Breakdown

Grants Paid $0

Salaries & Benefits $679,248

Fundraising Expenses $0

Program Expenses $1,015,479

Other Expenses $336,231

TOTAL EXPENSES $1,015,479

Year-over-Year Comparison

	2023	2022	Change
Revenue	$710,799	$675,338	+0.1%
Expenses	$1,015,479	$964,879	+0.1%
Net Income	$-304,680	$-289,541	+0.1%

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

$786,826

Total Directors

$2,517,851

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID LOPATOFSKY MD	DIRECTOR	1.0	Director	$0	$112,093	$917,996
PATRICIA JACKSON-GEHRIS	DIRECTOR	1.0	Director	$0	$96,597	$714,971
DANIEL GLUNK	DIRECTOR & INTERIM PRESIDENT	1.0	Officer Director	$0	$29,409	$434,816
JANIE HILFIGER R 43024	PRESIDENT	1.0	Officer	$0	$41,575	$352,010
CARRIE ENNIS	DIRECTOR	1.0	Director	$0	$31,577	$233,555
MARY ANN RIGAS	DIRECTOR	1.0	Director	$0	$21,001	$216,513
MELYNDA BUDD	DIRECTOR & TREASURER	1.0	Officer Director	$0	$0	$0
MICHAEL CALLAHAN DO	DIRECTOR	1.0	Director	$0	$0	$0
JOSHUA COSTA	DIRECTOR	1.0	Director	$0	$0	$0
JOHN LEETE	DIRECTOR & CHAIR	1.0	Officer Director	$0	$0	$0
CONNIE PERKINS	DIRECTOR	1.0	Director	$0	$0	$0
PATRICK LARSEN	DIRECTOR & SECRETARY	1.0	Officer Director	$0	$0	$0
MATTHEW SPLAIN	DIRECTOR	1.0	Director	$0	$0	$0
ELIZABETH WALLACE	DIRECTOR & VICE CHAIR	1.0	Officer 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
2025	No data	No data	No data	No data
2024	$710,799	$1,015,479	$569,966	$-304,680
2023	$675,338	$964,879	$521,750	$-289,541
2022	$626,802	$903,505	$557,267	$-276,703
2021	$566,310	$682,343	$590,111	$-116,033
2020	$691,238	$674,479	$657,433	$16,759
2019	$959,527	$1,192,265	$690,674	$-232,738
2018	$877,125	$1,092,879	$756,576	$-215,754

Hendorn Inc