DOUBLE HARVEST INC (EIN 237444744) - 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

1974

Legal Domicile

Principal Officer

JOHN VAN WINGERDEN

Phone

4402427247

Tax Period

2023-01-01 to 2023-12-31

DOUBLE HARVEST INC, founded in 1974, is a micro nonprofit that reported $645 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $192K exceeded revenue, resulting in a 29679% operating deficit.

Mission

DOUBLE HARVEST SEEKS TO ESTABLISH AND DEVELOP AGRICULTURAL, REFORESTATION, CHICKEN RAISING, AND FISHING PROJECTS IN DEVELOPING COUNTRIES BY PROVIDING CAPITAL RESOURCES AND IMPLEMENTING BEST PRACTICES TO INCREASE FOOD PRODUCTION AND TO BUILD THE LOCAL ECONOMY.

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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 $100

Program Service Revenue $0

Investment Income $158

Other Revenue $387

TOTAL REVENUE $645

Expense Breakdown

Grants Paid $184,500

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $184,500

Other Expenses $7,573

TOTAL EXPENSES $192,073

Year-over-Year Comparison

	2023	2022	Change
Revenue	$645	$408,077	-1.0%
Expenses	$192,073	$519,648	-0.6%
Net Income	$-191,428	$-111,571	+0.7%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HENRY FROESE	TREASURER	2.00	Officer Director	$0	$0	$0
WILLEM VAN DER HENGST	DIRECTOR	2.00	Director	$0	$0	$0
JOHN VAN WINGERDEN	PRESIDENT	2.00	Officer Director	$0	$0	$0
WESLEY VAN WINGERDEN	SECRETARY	2.00	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
2023	$645	$192,073	No data	$-191,428
2022	$408,077	$519,648	$191,428	$-111,571
2021	$1,273,691	$1,061,040	$302,999	$212,651
2020	$1,030,949	$1,228,935	$90,348	$-197,986
2020	$1,030,949	$1,228,935	$90,348	$-197,986
2019	$902,039	$1,161,678	$288,334	$-259,639
2018	$1,057,986	$1,333,680	$547,973	$-275,694

DOUBLE HARVEST INC