HAP EDUCATION & RESEARCH SERVICES (EIN 251114897) - 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

1969

Legal Domicile

Principal Officer

TINA LATIN-TRUE

Phone

7175649200

Tax Period

2024-01-01 to 2024-12-31

HAP EDUCATION & RESEARCH SERVICES, founded in 1969, is a small nonprofit in the Health Care sector that reported $522K in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $120K, a strong 23% operating margin.

Mission

HAP EDUCATION'S MISSION IS TO PROVIDE EDUCATION AND RESEARCH SERVICES TO PENNSYLVANIA'S HOSPITALS, HEALTH SYSTEMS AND INDIVIDUALS IN THE HEALTH CARE FIELD.

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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 $0

Program Service Revenue $390,538

Investment Income $131,813

Other Revenue $0

TOTAL REVENUE $522,351

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,199

Fundraising Expenses $0

Program Expenses $361,801

Other Expenses $224,353

TOTAL EXPENSES $402,552

Year-over-Year Comparison

	2024	2023	Change
Revenue	$522,351	$559,415	-0.1%
Expenses	$402,552	$433,532	-0.1%
Net Income	$119,799	$125,883	0.0%

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

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

$1,684,102

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NICOLE STALLINGS	PRESIDENT &	0.20	Officer	$0	$221,050	$1,012,431
TINA LATIN-TRUE	COO	0.20	Officer	$0	$103,568	$671,671
JAMES L BREXLER	CHAIR	0.20	Officer Director	$0	$0	$0
ROXANNA GAPSTUR	CHAIR-ELECT	0.20	Officer Director	$0	$0	$0
MICHELE M VOLPE	PAST CHAIR	0.20	Officer Director	$0	$0	$0
KENNETH P DEFURIO	TREASURER	0.20	Officer Director	$0	$0	$0
MARK RUBINO	SECRETARY	0.20	Officer Director	$0	$0	$0
RICHARD L ALLEN	BOARD MEMBER	0.20	Director	$0	$0	$0
KENDRA AUCKER	BOARD MEMBER	0.20	Director	$0	$0	$0
PAUL BACHARACH	BOARD MEMBER	0.20	Director	$0	$0	$0
ALISON BEAM	BOARD MEMBER	0.20	Director	$0	$0	$0
SHELLY BUCK	BOARD MEMBER	0.20	Director	$0	$0	$0
SHARON CARNEY	BOARD MEMBER	0.20	Director	$0	$0	$0
BETH DUFFY	BOARD MEMBER	0.20	Director	$0	$0	$0
JOHN DUGGAN	BOARD MEMBER	0.20	Director	$0	$0	$0
JOEL FAGERSTROM	BOARD MEMBER	0.20	Director	$0	$0	$0
JAY FELDSTEIN	BOARD MEMBER	0.20	Director	$0	$0	$0
PAULA AGOSTO	BOARD MEMBER	0.20	Director	$0	$0	$0
JEDWARD HARTLE	BOARD MEMBER	0.20	Director	$0	$0	$0
MARK NORMAN	BOARD MEMBER	0.20	Director	$0	$0	$0
ELISABETH KUNKEL	BOARD MEMBER	0.20	Director	$0	$0	$0
EDMUND SABANEGH	BOARD MEMBER	0.20	Director	$0	$0	$0
THOMAS MARCHOZZI	BOARD MEMBER	0.20	Director	$0	$0	$0
BRUCE A MEYER	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHELLE TRUPP	BOARD MEMBER	0.20	Director	$0	$0	$0
BROOK T WARD	BOARD MEMBER	0.20	Director	$0	$0	$0
STEVEN WOLFE	BOARD MEMBER	0.20	Director	$0	$0	$0
MICHAEL YOUNG	BOARD MEMBER	0.20	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	$522,351	$402,552	$2,546,973	$119,799
2023	$559,415	$433,532	$2,385,150	$125,883
2022	$439,525	$384,007	$2,260,050	$55,518
2021	$346,754	$295,058	$2,611,188	$51,696
2020	$192,025	$200,982	$2,518,746	$-8,957
2019	$486,030	$416,864	$2,319,507	$69,166
2018	$454,779	$435,899	$2,091,834	$18,880

HAP EDUCATION & RESEARCH SERVICES