HUMANITAS INC (EIN 311563638) - 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

1990

Legal Domicile

Principal Officer

BRIDGET VINSON

Phone

5049433929

Tax Period

2023-01-01 to 2023-12-31

HUMANITAS INC, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $473K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $656K exceeded revenue, resulting in a 39% operating deficit.

Mission

HUMANITAS, INC. IS A NONPROFIT ORGANIZATION FORMED TO COMBAT COMMUNITY DETERIORATION, IMPLEMENT DECENT HOUSING THAT IS AFFORDABLE TO LOW AND MODERATE INCOME PEOPLE AND OTHER ASSISTANCE PROGRAMS FOR THE HOMELESS, AND INCREASE THE NUMBER OF SAFE, DECENT AND SANITARY HOUSING UNITS IN THE NEW ORLEANS AREA.

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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 $0

Investment Income $402

Other Revenue $472,941

TOTAL REVENUE $473,343

Expense Breakdown

Grants Paid $0

Salaries & Benefits $77,163

Fundraising Expenses $0

Program Expenses $326,864

Other Expenses $579,281

TOTAL EXPENSES $656,444

Year-over-Year Comparison

	2023	2022	Change
Revenue	$473,343	$362,434	+0.3%
Expenses	$656,444	$699,704	-0.1%
Net Income	$-183,101	$-337,270	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIDGET VINSON	EXECUTIVE DIRECTOR	3.00	Officer Director	$0	$0	$0
JAMES C WASHINGTON JR	PRESIDENT	8.00	Officer Director	$0	$0	$0
OTTO NASH SR	VICE-PRESIDENT	8.00	Officer Director	$0	$0	$0
EZELL JACOBS JR	SECRETARY-TREASURER	8.00	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
2024	No data	No data	No data	No data
2023	$473,343	$656,444	$3,053,607	$-183,101
2022	$362,434	$699,704	$3,251,891	$-337,270
2021	$739,665	$606,007	$3,658,729	$133,658
2020	$4,368	$23,297	$1,271,911	$-18,929
2019	$6,329	$325,958	$1,288,940	$-319,629
2018	$21,966	$63,290	$1,608,569	$-41,324

HUMANITAS INC