The Hangar

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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

2017

Legal Domicile

Principal Officer

Laura Kirk

Phone

2544958596

Tax Period

2020-01-01 to 2020-12-31

The Hangar, founded in 2017, is a micro nonprofit in the Human Services sector that reported $69K in total revenue in fiscal year 2020. Revenue surged 122% from the prior year, signaling strong growth momentum. The organization ran a surplus of $45K, a strong 66% operating margin.

Mission

Mission is focused on the chronically homeless. Provided care for those who sleep outside and advocate for the community to take an active role in ending homeless.

Program Service Accomplishments

Program 1

Expenses: $22,105 Revenue: $67,589

Homeless Hospitality House - Served 113 different homeless individuals, total meals served 3,500

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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 (2020)

Revenue Breakdown

Contributions & Grants $68,589

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $68,589

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $22,105

Other Expenses $23,469

TOTAL EXPENSES $23,469

Year-over-Year Comparison

	2020	2019	Change
Revenue	$68,589	$30,868	+1.2%
Expenses	$23,469	$16,322	+0.4%
Net Income	$45,120	$14,546	+2.1%

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

100

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Laura J Kirk	President/CEO	005.00	Officer Director	$0	$0	$0
Edward K Kirk	Vice President	005.00	Officer Director	$0	$0	$0
Whitney K Kirk	Secretary/Treasurer	005.00	Officer 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
2025	No data	No data	No data	No data
2020	$68,589	$23,469	$140,245	$45,120
2019	$30,868	$16,322	$87,256	$14,546