HAZEL PARK PROMISE ZONE AUTHORITY (EIN 273176261) - 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

2011

Legal Domicile

Phone

2486585107

Tax Period

2023-01-01 to 2023-12-31

HAZEL PARK PROMISE ZONE AUTHORITY, founded in 2011, is a small nonprofit in the Education sector that reported $813K in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $467K, a strong 57% operating margin.

Mission

The Hazel Park Promise Zone Authority provides financial assistance and other forms of academic-achievement support to assist students of the Hazel Park School District in pursuing higher education at an accredited college, university or trade program.

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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 $779,635

Program Service Revenue $0

Investment Income $311

Other Revenue $33,182

TOTAL REVENUE $813,128

Expense Breakdown

Grants Paid $146,327

Salaries & Benefits $142,205

Fundraising Expenses $0

Program Expenses $301,680

Other Expenses $57,388

TOTAL EXPENSES $345,920

Year-over-Year Comparison

	2023	2022	Change
Revenue	$813,128	$630,565	+0.3%
Expenses	$345,920	$343,448	+0.0%
Net Income	$467,208	$287,117	+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

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

$68,023

Total Directors

Key Employees

$63,875

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FERNANDO MONGE	KEY EMPLOYEE	40.00	Key Emp	$63,875	$0	$63,875
BILL HITCHCOCK	BOARD CHAIRMAN	1.00	Director	$0	$0	$0
EDWARD KLOBUCHER	BOARD VICE PRESIDENT	1.00	Director	$0	$0	$0
JOHN HARVEY	BOARD SECRETARY	1.00	Director	$0	$0	$0
ELLEN COGEN LIPTON	BOARD TREASURER	1.00	Director	$0	$0	$0
NOWFAL AKASH	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE HADDAD	BOARD MEMBER	1.00	Director	$0	$0	$0
JIMMY PATTERSON	BOARD MEMBER	1.00	Director	$0	$0	$0
AMY KRUPPE	BOARD MEMBER	1.00	Director	$0	$0	$0
MONIQUE HARLAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LYNETTA PRICE	BOARD MEMBER	1.00	Director	$0	$0	$0
STACEY CREWS	BOARD MEMBER	1.00	Director	$0	$0	$0
MOUSSA TRAORE	CHIEF INNOVATION OFFICER	40.00	Officer	$68,023	$0	$68,023

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	$813,128	$345,920	$1,608,007	$467,208
2022	$630,565	$343,448	$1,138,796	$287,117
2021	$465,355	$259,932	$846,443	$205,423
2020	$423,504	$288,763	$659,924	$134,741
2019	$240,499	$282,804	$502,320	$-42,305
2018	$299,867	$121,781	$543,752	$178,086

HAZEL PARK PROMISE ZONE AUTHORITY