The Hap Foundation Inc (F/K/A Journeycare Foundation) (EIN 363820916) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

Joseph Matty

Phone

3127411283

Tax Period

2024-01-01 to 2024-12-31

The Hap Foundation Inc (F/K/A Journeycare Foundation), founded in 1992, is a community nonprofit in the Religion sector that reported $3.0M in total revenue in fiscal year 2024. Revenue surged 67% from the prior year, signaling strong growth momentum. Expenses of $4.1M exceeded revenue, resulting in a 38% operating deficit.

Mission

The MISSION OF THE HAP FOUNDATION IS IMPROVING CARE FOR THE SERIOUSLY ILL AND THEIR FAMILIES BY LEADING THE WAY WITH RESEARCH AND (CONTINUED ON SCHEDULE O)

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,461,326

Program Service Revenue $0

Investment Income $170,055

Other Revenue $336,405

TOTAL REVENUE $2,967,786

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,198,368

Fundraising Expenses $663,993

Program Expenses $2,325,375

Other Expenses $892,365

TOTAL EXPENSES $4,090,733

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,967,786	$1,779,297	+0.7%
Expenses	$4,090,733	$3,354,385	+0.2%
Net Income	$-1,122,947	$-1,575,088	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

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

$1,056,566

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph P Matty	President	40.0	Officer	$316,408	$45,279	$361,687
Sara K Dado	Exec. Dir. of Palliative Prog.	40.0	Officer	$175,680	$41,541	$217,221
Rachael J Telleen	Exec. Director, Community Ed.	40.0	Officer	$142,313	$17,187	$159,500
Kimberly Downing	VP of Population Health	40.0	Officer	$151,265	$8,134	$159,399
Noelle A Moore	VP Strategy and Implementation	40.0	Officer	$150,531	$8,228	$158,759
Lynda Bollman	Chair	1.0	Officer Director	$0	$0	$0
Michael Burke	Treasurer	1.0	Officer Director	$0	$0	$0
Stephanie Coleman	Board	1.0	Director	$0	$0	$0
Pam Cramer	Secretary	1.0	Officer Director	$0	$0	$0
Kim Duchossois	Board	1.0	Director	$0	$0	$0
Larry Feldman	Board	1.0	Director	$0	$0	$0
Betsy Foley	Board	1.0	Director	$0	$0	$0
Anthony Iosco	Board	1.0	Director	$0	$0	$0
Elaine Kurczewski	Immediate Past Chair	1.0	Director	$0	$0	$0
Howard Lapin	Board	1.0	Director	$0	$0	$0
Tom Liebman	Board	1.0	Director	$0	$0	$0
Linda Morris	Vice Chair	1.0	Officer Director	$0	$0	$0
Carol M Nelson	Board	1.0	Director	$0	$0	$0
Meg Schmitz	Board	1.0	Director	$0	$0	$0
Elisha Waldman MD	Board	1.0	Director	$0	$0	$0
Arch Shaw	Board	1.0	Director	$0	$0	$0
Steve Erenberg	Board	1.0	Director	$0	$0	$0
Anthony Balthazor	Board	1.0	Director	$0	$0	$0
Maggie Lapcewich	Board	1.0	Director	$0	$0	$0
Jessie White	Board	1.0	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	$2,967,786	$4,090,733	$4,579,907	$-1,122,947
2023	$1,779,297	$3,354,385	$5,380,395	$-1,575,088
2022	$647,319	$13,016,903	$6,780,841	$-12,369,584
2021	$2,129,468	$2,925,395	$18,979,563	$-795,927
2020	$3,413,949	$2,926,407	$19,636,726	$487,542
2019	$6,886,353	$4,243,095	$20,274,088	$2,643,258
2018	$5,369,851	$4,739,999	$20,040,967	$629,852

The Hap Foundation Inc (F/K/A Journeycare Foundation)