THE HANGER CHARITABLE FOUNDATION (EIN 263374716) - 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

2008

Legal Domicile

Principal Officer

SCOTT ROWE

Phone

5127773800

Tax Period

2023-01-01 to 2023-12-31

THE HANGER CHARITABLE FOUNDATION, founded in 2008, is a small nonprofit in the Human Services sector that reported $602K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. Expenses of $706K exceeded revenue, resulting in a 17% operating deficit.

Mission

TO SUPPORT ORGANIZATIONS THAT HELP PEOPLE WITH PHYSICAL CHALLENGES LIVE LIFE AS FULLY AS POSSIBLE.

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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 $564,376

Program Service Revenue $0

Investment Income $37,150

Other Revenue $0

TOTAL REVENUE $601,526

Expense Breakdown

Grants Paid $492,947

Salaries & Benefits $170,610

Fundraising Expenses $41,181

Program Expenses $641,378

Other Expenses $42,029

TOTAL EXPENSES $705,586

Year-over-Year Comparison

	2023	2022	Change
Revenue	$601,526	$1,154,863	-0.5%
Expenses	$705,586	$540,383	+0.3%
Net Income	$-104,060	$614,480	-1.2%

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

$159,619

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL KUBICKI	EXECUTIVE DI	20.00	Officer	$143,674	$15,945	$159,619
SCOTT ROWE	PRESIDENT	1.00	Officer Director	$0	$0	$0
VINIT ASAR	CHAIRMAN (JA	1.00	Officer Director	$0	$0	$0
DAVID CARRION	TREASURER	1.00	Officer	$0	$0	$0
HEATHER KLEIN	SECRETARY	1.00	Officer	$0	$0	$0
KERI JOLLY	DIRECTOR (JA	1.00	Director	$0	$0	$0
TOM HARTMAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS KIRALY	DIRECTOR	1.00	Director	$0	$0	$0
PETE STOY	CHAIRMAN (MA	1.00	Officer Director	$0	$0	$0
KELSEY TROY	DIRECTOR (MA	1.00	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	No data	No data	No data	No data
2023	$601,526	$705,586	$1,334,446	$-104,060
2022	$1,154,863	$540,383	$1,288,946	$614,480
2021	$258,273	$472,813	$694,784	$-214,540
2020	$802,610	$51,692	$852,747	$750,918
2019	$278,467	$302,009	$96,115	$-23,542
2018	$189,772	$213,610	$105,281	$-23,838

THE HANGER CHARITABLE FOUNDATION