PLACE OF HOPE IN HAITI INC (EIN 270243741) - 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

2009

Legal Domicile

Principal Officer

MICHAEL RYON

Phone

2392618337

Tax Period

2024-01-01 to 2024-12-31

PLACE OF HOPE IN HAITI INC, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $275K in total revenue in fiscal year 2024. Expenses of $310K exceeded revenue, resulting in a 13% operating deficit.

Mission

MANAGING ORPHANAGE AND TAKE RESPONSIBILITY FOR THE TOTAL CARE OF CHILDREN WE SERVE BY PROVIDING: A SAFE MEANINGFUL LOVING FAMILY ENVIRONEMENT, FOOD, CLOTHING, HEALTH CARE, EDUCATION,& SPIRITUAL GUIDANCE, AND A PATH FOR THEM TO BECOME PRODUCTIVE CITIZENS IN THE COMMUNITY.

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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 $275,210

Program Service Revenue $0

Investment Income $15

Other Revenue $0

TOTAL REVENUE $275,225

Expense Breakdown

Grants Paid $0

Salaries & Benefits $51,227

Fundraising Expenses $0

Program Expenses $280,730

Other Expenses $259,012

TOTAL EXPENSES $310,239

Year-over-Year Comparison

	2024	2023	Change
Revenue	$275,225	$257,525	+0.1%
Expenses	$310,239	$308,538	+0.0%
Net Income	$-35,014	$-51,013	-0.3%

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

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

$47,000

Total Directors

$47,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RYON	TREASURER	10.00	Director	$0	$0	$0
BARRY HIGGINS	PRESIDENT	10.00	Director	$0	$0	$0
PIERRE-ANDRE FORGES	MANAGING DIRECTOR	60.00	Officer Director	$47,000	$0	$47,000

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	$275,225	$310,239	$906,302	$-35,014
2023	$257,525	$308,538	$942,627	$-51,013
2022	$240,528	$416,239	$992,801	$-175,711
2021	$255,655	$434,282	$1,152,036	$-178,627
2020	$297,954	$553,243	$1,314,463	$-255,289
2019	$867,651	$631,287	$1,526,515	$236,364
2018	$567,377	$597,676	$1,288,281	$-30,299

PLACE OF HOPE IN HAITI INC