HAYMAKERS FOR HOPE INC

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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

ANDREW MYERSON

Phone

8778295000

Tax Period

2023-07-01 to 2024-06-30

HAYMAKERS FOR HOPE INC, founded in 2010, is a community nonprofit in the Medical Research sector that reported $4.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year.

Mission

THE ORGANIZATION'S MISSION IS TO RAISE MONEY AND AWARENESS FOR CHARITIES THAT MEET THE QUALIFICATIONS AS DESCRIBED IN SECTION 501(C)(3) THROUGH AMATEUR ATHLETIC EVENTS BY DEVELOPING, ORGANIZING, AND CONDUCTING AMATEUR ATHLETIC EVENTS AND RELATED EVENTS.

Program Service Accomplishments

Program 1

Expenses: $3,389,082 Revenue: $4,208,796

HAYMAKERS FOR HOPE'S MISSION IS TO KNOCKOUT CANCER THE ONLY WAY WE KNOW HOW, BY LITERALLY FIGHTING FOR A CURE. WE GIVE EVERDAY MEN AND WOMEN THE OPPORTUNITY TO FIGHT BACK AGAINST THIS TERRIBLE...

HAYMAKERS FOR HOPE'S MISSION IS TO KNOCKOUT CANCER THE ONLY WAY WE KNOW HOW, BY LITERALLY FIGHTING FOR A CURE. WE GIVE EVERDAY MEN AND WOMEN THE OPPORTUNITY TO FIGHT BACK AGAINST THIS TERRIBLE DISEASE BY TRAINING FOR, AND COMPETING IN CHARITY BOXING EVENTS TO RAISE MONEY AND AWARENESS. TO PREPARE FOR EACH EVENT, WE COMBINE THE EFFORTS OF FIRST TIME AMATEUR BOXING PARTICIPANTS, LOCAL BOXING GYMS, AND VOLUNTEERS. WE HOPE TO HELP GIVE LIFE SAVING RESEARCHERS THE RESOURCES NEEDED TO FULLY FOCUS THEIR EFFORTS ON FINDING A CURE.

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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 $79,167

Program Service Revenue $4,208,796

Investment Income $5,204

Other Revenue $4,546

TOTAL REVENUE $4,297,713

Expense Breakdown

Grants Paid $1,455,501

Salaries & Benefits $1,496,886

Fundraising Expenses $490,397

Program Expenses $3,389,082

Other Expenses $1,765,765

TOTAL EXPENSES $4,718,152

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,297,713	$4,816,031	-0.1%
Expenses	$4,718,152	$4,248,511	+0.1%
Net Income	$-420,439	$567,520	-1.7%

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

149

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

$678,839

Total Directors

$469,839

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CALLIE SIMPKINS	TERM ENDED 12/2023	1.00	Director	$0	$0	$0
JONATHAN HALVORSON	TERM ENDED 12/2023	1.00	Director	$0	$0	$0
JASON HARRIS	TERM ENDED 12/2023	1.00	Director	$0	$0	$0
PAUL PALANDJIAN	TERM ENDED 12/2023	1.00	Director	$0	$0	$0
RICH BEECHER	TERM ENDED 12/2023	1.00	Director	$0	$0	$0
JOHN QUACKENBUSH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW KLEIN	TERM ENDED 12/2023	1.00	Director	$0	$0	$0
JULIE ANNE KELLY	DIRECTOR, ASSISTANT CLERK	50.00	Officer Director	$189,339	$0	$189,339
ANDREW MYERSON	EXECUTIVE DIRECTOR	50.00	Officer Director	$280,500	$0	$280,500
ERIC BRAZ	DIRECTOR	1.00	Director	$0	$0	$0
NEIL COHEN	DIRECTOR	1.00	Director	$0	$0	$0
KIM LIPMAN	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE RUNG	DIRECTOR	1.00	Director	$0	$0	$0
KRIS SHANDAKUMAR	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
MATT ZAMBETTI	DIRECTOR	1.00	Director	$0	$0	$0
MARK AVERY	TREASURER, CLERK, DIRECTOR	50.00	Officer	$209,000	$0	$209,000

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
2025	No data	No data	No data	No data
2024	$4,297,713	$4,718,152	$880,099	$-420,439
2023	$4,816,031	$4,248,511	$1,122,045	$567,520
2022	$4,070,620	$3,870,735	$644,411	$199,885
2021	$628,560	$863,650	$677,699	$-235,090
2020	$3,194,737	$3,528,163	$724,027	$-333,426
2017	$2,444,049	$2,227,902	$824,921	$216,147