HACK NY INC (EIN 273758609) - 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

Phone

9294294225

Tax Period

2023-10-01 to 2024-09-30

HACK NY INC, founded in 2010, is a small nonprofit in the Education sector that reported $242K in total revenue in fiscal year 2023. Revenue surged 136% from the prior year, signaling strong growth momentum. The organization ran a surplus of $55K, a strong 23% operating margin.

Mission

HACK NY, INC. ("HACK NY") IS A NOT-FOR-PROFIT ORGANIZATION, INCORPORATED IN 2010 IN THE STATE OF NEW YORK TO FOSTER THE NEXT GENERATION OF SOFTWARE DEVELOPERS FOR THE NEW YORK INNOVATION COMMUNITY. HACK NY CONDUCTS A SUMMER FELLOWS PROGRAM AND STUDENT "HACKATHONS" DURING THE SCHOOL YEAR IN ORDER TO CREATE AND EMPOWER THE NEXT GENERATION OF STUDENT-TECHNOLOGISTS.

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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 $49,581

Program Service Revenue $106,511

Investment Income $20

Other Revenue $85,425

TOTAL REVENUE $241,537

Expense Breakdown

Grants Paid $85,424

Salaries & Benefits $35,298

Fundraising Expenses $5,086

Program Expenses $158,575

Other Expenses $66,015

TOTAL EXPENSES $186,737

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,537	$102,413	+1.4%
Expenses	$186,737	$74,279	+1.5%
Net Income	$54,800	$28,134	+0.9%

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

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$12,500

Total Directors

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Shyamal Ruparel	Director	10.00	Director	$17,500	$0	$17,500
Eric Wu	Chairman	10.00	Officer Director	$12,500	$0	$12,500
EVAN KORTH	Treasurer	2.00	Officer Director	$0	$0	$0
CHRIS WIGGINS	CO-PRESIDENT	5.00	Officer Director	$0	$0	$0
Sandile Keswa	Director	1.00	Director	$0	$0	$0
Randall Hunt	Director	2.00	Director	$0	$0	$0
Andrea Dean	Director	40.00	Officer Director	$0	$0	$0
Alexandra Berke	Director	3.00	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	$241,537	$186,737	$303,258	$54,800
2020	$250,438	$165,220	$390,122	$85,218
2019	$253,334	$181,581	$348,490	$71,753
2018	$267,177	$162,390	$276,684	$104,787

HACK NY INC