FLANBWAYAN HAITIAN LITERACY PROJECT INC (EIN 270974276) - 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

Marie Thelusma

Phone

7187743037

Tax Period

2024-01-01 to 2024-12-31

FLANBWAYAN HAITIAN LITERACY PROJECT INC, founded in 2009, is a small nonprofit in the Education sector that reported $565K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

Transform the lives of Haitian newcomer youth through education and leadership developmentand to raise awareness of immigrant issues both in and out of 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 $552,605

Program Service Revenue $0

Investment Income $41

Other Revenue $12,000

TOTAL REVENUE $564,646

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,664

Fundraising Expenses $2,500

Program Expenses $335,335

Other Expenses $235,634

TOTAL EXPENSES $616,798

Year-over-Year Comparison

	2024	2023	Change
Revenue	$564,646	$741,485	-0.2%
Expenses	$616,798	$777,562	-0.2%
Net Income	$-52,152	$-36,077	+0.4%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Fedia Louis	Treasurer	10.00	Officer Director	$0	$0	$0
Marie Thelusma	Board Chair	2.00	Officer	$0	$0	$0
Alfred Toussaint	Secretary	2.00	Officer	$0	$0	$0
Christin Bertin	Officer	2.00	Officer	$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	$564,646	$616,798	$1,091,851	$-52,152
2023	$741,485	$777,562	$395,856	$-36,077
2022	$705,031	$609,803	$334,440	$95,228
2022	$1,217,689	$612,150	$938,166	$605,539
2021	$334,997	$435,511	$243,447	$-100,514
2021	$334,997	$435,511	$243,447	$-100,514
2021	$334,997	$435,511	$243,447	$-100,514
2020	$590,163	$302,812	$339,863	$287,351
2020	$590,163	$302,812	$339,863	$287,351
2019	$261,372	$255,334	$52,905	$6,038
2018	$241,554	$218,071	$45,061	$23,483

FLANBWAYAN HAITIAN LITERACY PROJECT INC