NEW YORK, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
THE SUMMER FELLOWS PROGRAM PAIRS QUANTITATIVE AND COMPUTATIONAL STUDENTS WITH STARTUPS WHICH CAN DEMONSTRATE A STRONG MENTORING ENVIRONMENT. STUDENTS ATTEND PEDAGOGICAL LECTURE SERIES TO INTRODUCE...
THE SUMMER FELLOWS PROGRAM PAIRS QUANTITATIVE AND COMPUTATIONAL STUDENTS WITH STARTUPS WHICH CAN DEMONSTRATE A STRONG MENTORING ENVIRONMENT. STUDENTS ATTEND PEDAGOGICAL LECTURE SERIES TO INTRODUCE THEM TO THE INS AND OUTS OF JOINING AND FOUNDING STARTUP COMPANIES. THE PROGRAMS ARE DESIGNED TO PUT THE STUDENT INTO A REAL LIFE SITUATION WHEREBY THEY (1) RECEIVE REAL LIFE ASSIGNMENTS, (2) ARE MENTORED BY INDIVIDUALS WITH EXTENSIVE EXPERIENCE IN THEIR FIELD, AND (3) HAVE AN OPPORTUNITY TO WORK IN A PROFESSIONAL ENVIRONMENT.A "HACKATHON" (A HACKER NEOLOGISM) IS AN EVENT WHEN PROGRAMMERS MEET TO DO COLLABORATIVE COMPUTER PROGRAMMING. THE SPIRIT OF THE EVENTS IS TO COLLABORATIVELY BUILD PROGRAMS AND APPLICATIONS. AS A RESULT OF THESE HACKATHONS, STUDENTS RECEIVE A SIGNIFICANT BENEFIT FROM THEIR PROJECTS IN THAT THEY MEET IN PERSON, SOCIALIZE, AND START TO COMMUNICATE MORE EFFECTIVELY THAN WHEN WORKING TOGETHER REMOTELY. THESE SESSIONS ALLOW THE STUDENTS TO LEAVE THE ACADEMIC CLASSROOM, MEET AND COMPETE WITH THEIR PEERS AND PROVIDE AN ENVIRONMENT FOR THEM TO EASILY COMMUNICATE WITH OTHERS IN THEIR RESPECTIVE FIELDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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