Halo Network Inc

EIN: 270408181 501(c)(3) Education

Amityville, NY

Total Revenue
$38,301,057
Total Expenses
$35,902,651
Total Assets
$36,023,180
Net Assets
$11,407,186
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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
NY
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.

Program Service Accomplishments

Program 1
Expenses: $25,239,114 Revenue: $25,849,556

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

Program 2
Expenses: $8,800,628 Revenue: $10,947,696

To assist homeless families in crisis and focuses on education and skills for future independence.

Program 3
Expenses: $346,168 Revenue: $719,449

To assist eligible individuals with Traumatic Brain Injury and to provide support and services in assisting individuals with disabilities to receive comprehensive services in their home and community...

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To assist eligible individuals with Traumatic Brain Injury and to provide support and services in assisting individuals with disabilities to receive comprehensive services in their home and community rather than an institution.

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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%)

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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

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Governance

Voting Members
8
Independent Members
6
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
4
$696,343
Total Directors
8
$696,343
Key Employees
0
$0
Highest Compensated
0
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
2025 No data No data No data No data
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
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