HEARTEN HAITI PROJECT INC (EIN 352394498) - 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

Tax Period

2023-01-01 to 2023-12-31

HEARTEN HAITI PROJECT INC, founded in 2010, is a micro nonprofit in the Philanthropy & Grantmaking sector that reported $89K in total revenue in fiscal year 2018. Revenue decreased 9% compared to the prior year. Expenses of $110K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE CORPORATION IS ORGANIZED FOR RELIGIOUS, EDUCATIONAL, AND CHARITABLE PURPOSES INCLUDING FOR SUCH PURPOSES THE MAKING OF DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) AND 170(C)(2) OF THE INTERNAL REVENUE CODE OF 1986

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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 $176,782

Program Service Revenue $0

Investment Income $24

Other Revenue $0

TOTAL REVENUE $176,806

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,514

Other Expenses $162,148

TOTAL EXPENSES $162,148

Year-over-Year Comparison

	2023	2022	Change
Revenue	$176,806	$127,552	+0.4%
Expenses	$162,148	$139,264	+0.2%
Net Income	$14,658	$-11,712	-2.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
JEFF RICHMAN	DIRECTOR	Director	$0	$0	$0
MARK DAHLBERG	DIRECTOR	Director	$0	$0	$0
FRED SCHRAMM	DIRECTOR	Director	$0	$0	$0
ANNETTE SCHRAMM	PRESIDENT	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	$176,806	$162,148	$48,377	$14,658
2022	$127,552	$139,264	$33,719	$-11,712
2021	$124,394	$130,342	$45,431	$-5,948
2020	$95,317	$78,788	$51,379	$16,529
2019	$92,319	$85,003	$34,850	$7,316
2018	$88,509	$110,271	$27,534	$-21,762

HEARTEN HAITI PROJECT INC