Haiti Renewal Alliance

EIN: 272036754 501(c)(3) Human Services

Bethesda, MD

Total Revenue
$835,684
Total Expenses
$924,906
Total Assets
$3,173
Net Assets
$3,173
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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
2010
Legal Domicile
MD
Principal Officer
Firmin Backer
Phone
7037869772
Tax Period
2022-01-01 to 2022-12-31

Haiti Renewal Alliance, founded in 2010, is a small nonprofit in the Human Services sector that reported $836K in total revenue in fiscal year 2022. Revenue surged 114% from the prior year, signaling strong growth momentum. Expenses of $925K exceeded revenue, resulting in a 11% operating deficit.

Mission

Diaspora integration in global development. Promotion sustainable business development and Investment in the caribbean particularly in Haiti.

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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 (2022)

Revenue Breakdown

Contributions & Grants $835,684
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $835,684

Expense Breakdown

Grants Paid $283,236
Salaries & Benefits $109,588
Fundraising Expenses $0
Program Expenses $924,906
Other Expenses $532,082
TOTAL EXPENSES $924,906

Year-over-Year Comparison

2022 2021 Change
Revenue $835,684 $390,892 +1.1%
Expenses $924,906 $413,622 +1.2%
Net Income $-89,222 $-22,730 +2.9%
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
4
Independent Members
N/A
Employees
1
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
1
$76,500
Total Directors
1
$76,500
Key Employees
1
$76,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Firmin Backer President/Chairman 40
Officer Director Key Emp Highest
$76,500 $0 $76,500
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
2022 $835,684 $924,906 $3,173 $-89,222
2021 $390,892 $412,123 $63,449 $-21,231
2020 $137,011 $60,465 $84,680 $76,546
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