ERIK HITE FOUNDATION INC

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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

NOHEMY HITE

Phone

5206371110

Tax Period

2024-07-01 to 2025-06-30

ERIK HITE FOUNDATION INC, founded in 2009, is a community nonprofit in the Human Services sector that reported $1.1M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $962K left a modest 11% surplus.

Mission

OUR MISSION IS TO CREATE A SUPPORTING NETWORK BY PROVIDING EDUCATION, WELLNESS, AND OUTREACH PROGRAMS FOR FAMILIES OF FIRST RESPONDERS AND ACTIVE DUTY MILITARY. WE STRIVE TO ALLEVIATE THE UNIQUE CHALLENGES THEY FACE, ENSURING THEY THRIVE BOTH AT WORK AND AT HOME.

Program Service Accomplishments

Program 1

Expenses: $646,647 Revenue: $539,966

CHILD DEVELOPMENT CENTER - SEE SCHEDULE O

Program 2

Expenses: $120,897 Revenue: $6,035

CAMPS, WORKSHOPS, AND TPD 360 MEALS PROGRAM - SEE SCHEDULE O

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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 $551,863

Program Service Revenue $546,001

Investment Income $23,474

Other Revenue $-45,023

TOTAL REVENUE $1,076,315

Expense Breakdown

Grants Paid $76,627

Salaries & Benefits $605,194

Fundraising Expenses $139,263

Program Expenses $767,544

Other Expenses $280,319

TOTAL EXPENSES $962,140

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,076,315	$1,395,813	-0.2%
Expenses	$962,140	$949,234	+0.0%
Net Income	$114,175	$446,579	-0.7%

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

140

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
JERRY BROWN	BOARD MEMBER	0.50	Director	$0	$0	$0
JENNIFER CRAWFORD	BOARD MEMBER	0.50	Director	$0	$0	$0
LORI MEDCOFF	BOARD MEMBER	0.50	Director	$0	$0	$0
MONICA PRIETO	BOARD MEMBER	0.50	Director	$0	$0	$0
CHUCK RYAN	BOARD MEMBER	0.50	Director	$0	$0	$0
MICHAEL BOREALE	PRESIDENT	1.00	Officer Director	$0	$0	$0
CLAUDIA LEVIN	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOHN CHO	TREASURER	1.00	Officer Director	$0	$0	$0
TONY ARCHIBALD	SECRETARY	1.00	Officer Director	$0	$0	$0
NOHEMY HITE	EXECUTIVE DIRECTOR	40.00	Officer 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	$1,076,315	$962,140	$1,051,330	$114,175
2024	$1,395,813	$949,234	$927,691	$446,579
2023	$977,638	$912,272	$493,112	$65,366
2022	$753,506	$586,932	$481,827	$166,574
2021	$619,921	$542,385	$388,455	$77,536
2020	$624,616	$530,388	$235,364	$94,228
2019	$449,477	$452,792	$136,753	$-3,315
2018	$371,354	$407,373	$133,893	$-36,019