Halo Network Inc (EIN 270408181) - 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

2006

Legal Domicile

Phone

6317897373

Tax Period

2024-01-01 to 2024-12-31

Halo Network Inc, founded in 2006, is a mid-sized nonprofit in the Education sector that reported $38.3M in total revenue in fiscal year 2024. Revenue surged 20% from the prior year, signaling strong growth momentum. Expenses of $35.9M left a modest 6% surplus.

Mission

Assisting individuals and families with diverse disabilities and needs achieve greater success by providing them with necessary services which will empower them to lifelong success.

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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 $38,218,350

Investment Income $48,800

Other Revenue $33,907

TOTAL REVENUE $38,301,057

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,453,702

Fundraising Expenses $0

Program Expenses $34,385,910

Other Expenses $15,448,949

TOTAL EXPENSES $35,902,651

Year-over-Year Comparison

	2024	2023	Change
Revenue	$38,301,057	$31,915,908	+0.2%
Expenses	$35,902,651	$30,876,076	+0.2%
Net Income	$2,398,406	$1,039,832	+1.3%

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

202

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

$696,343

Total Directors

$696,343

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bumi Ojo	COO	35.00	Officer Director	$301,774	$97,927	$399,701
Olaniyi Falaye	Executive Dir.	35.00	Officer Director	$212,375	$84,267	$296,642
Lynette Joan Grant	Chairperson	2.00	Officer Director	$0	$0	$0
Shamin Ahmed ESQ	Secretary	2.00	Officer Director	$0	$0	$0
Stephen Philips	Director	2.00	Director	$0	$0	$0
Pamela Robinson Allen	Director	2.00	Director	$0	$0	$0
Gillian Holder-Dawkins	Director	2.00	Director	$0	$0	$0
Dannielle Geraghty	Director	2.00	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	$38,301,057	$35,902,651	$36,023,180	$2,398,406
2023	$31,915,908	$30,876,076	$33,911,946	$1,039,832
2022	$26,264,281	$25,587,420	$34,315,942	$676,861
2021	$20,823,404	$19,044,317	$5,984,377	$1,779,087
2020	$17,671,376	$17,296,509	$5,329,040	$374,867
2018	$13,242,881	$13,175,570	$2,390,110	$67,311

Halo Network Inc