HITEC FOUNDATION (EIN 272869162) - 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

2010

Legal Domicile

Principal Officer

OMAR DUQUE

Phone

2489520200

Tax Period

2023-01-01 to 2023-12-31

HITEC FOUNDATION, founded in 2010, is a small nonprofit in the Education sector that reported $355K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $80K, a strong 22% operating margin.

Mission

THE HITEC FOUNDATIONS SCHOLARSHIP, INTERNSHIP, AND MENTORING PROGRAMS WERE CREATED TO INSPIRE AND BUILD A SUSTAINABLE PIPELINE FOR FUTURE LATINX LEADERS IN TECHNOLOGY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $354,898

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $354,898

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $248,870

Other Expenses $275,202

TOTAL EXPENSES $275,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$354,898	$380,362	-0.1%
Expenses	$275,202	$197,268	+0.4%
Net Income	$79,696	$183,094	-0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IVONNE VALDES	CHAIRMAN	0.50	Officer Director	$0	$0	$0
CARLOS AMESQUITA	TREASURER	0.50	Officer Director	$0	$0	$0
JESSE CORTEZ	DIRECTOR	0.50	Director	$0	$0	$0
GLORIA CANDELARIO HOSSRI	DIRECTOR	0.50	Director	$0	$0	$0
PATRICIA RIOS	DIRECTOR	0.50	Director	$0	$0	$0
ERNEST CORDOVA	SECRETARY	0.50	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
2024	No data	No data	No data	No data
2023	$354,898	$275,202	$630,358	$79,696
2022	$380,362	$197,268	$524,290	$183,094
2021	$204,876	$210,089	$340,258	$-5,213
2020	$205,702	$262,505	$353,098	$-56,803
2019	$447,453	$178,817	$457,312	$268,636

HITEC FOUNDATION