HAZEL PARK PROMISE ZONE AUTHORITY

EIN: 273176261 501(c)(3) Education

HAZEL PARK, MI

Total Revenue
$813,128
Total Expenses
$345,920
Total Assets
$1,608,007
Net Assets
$1,593,661
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2011
Legal Domicile
MI
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.

Program Service Accomplishments

Program 1
Expenses: $301,680 Revenue: $827,347

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...

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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 or university or skilled 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%)

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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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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
2
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
$68,023
Total Directors
11
$0
Key Employees
1
$63,875
Highest Compensated
0
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
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