HACA Public Facility Corporation (EIN 273763430) - 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

Gene Reed

Phone

3256766385

Tax Period

2023-10-01 to 2024-09-30

HACA Public Facility Corporation, founded in 2010, is a micro nonprofit in the Human Services sector that reported $79K in total revenue in fiscal year 2023. Revenue fell 86% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $53K, a strong 67% operating margin.

Mission

To provide housing and support services to low income families.

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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 $0

Program Service Revenue $76,500

Investment Income $2,684

Other Revenue $0

TOTAL REVENUE $79,184

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $26,386

Other Expenses $26,386

TOTAL EXPENSES $26,386

Year-over-Year Comparison

	2023	2022	Change
Revenue	$79,184	$571,500	-0.9%
Expenses	$26,386	$40,211	-0.3%
Net Income	$52,798	$531,289	-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

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

$391,019

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Vanessa Faz	President	1.00	Officer	$0	$0	$0
Gene Reed	CEO-Vice President	2.00	Officer	$0	$0	$235,528
Paul O Falade	CFO-Treasurer	2.00	Officer	$0	$0	$155,491
Dr Matthew Dodd	Secretary	1.00	Officer	$0	$0	$0
Tarus Jones	Director	1.00	Director	$0	$0	$0
Celestine Daugherty	Director	1.00	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	$79,184	$26,386	$2,286,605	$52,798
2023	$571,500	$40,211	$2,247,522	$531,289
2022	$352,774	$35,848	$1,712,309	$316,926
2021	$82,250	$36,470	$1,409,202	$45,780
2020	$83,128	$26,375	$1,339,707	$56,753

HACA Public Facility Corporation