PROJECT HAITI INC (EIN 411733996) - 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

1992

Legal Domicile

Principal Officer

DR PAUL SEVERSON

Phone

2187665830

Tax Period

2024-01-01 to 2024-12-31

PROJECT HAITI INC, founded in 1992, is a small nonprofit in the International Affairs sector that reported $290K in total revenue in fiscal year 2024. Revenue surged 1191% from the prior year, signaling strong growth momentum.

Mission

THE GOAL AND PURPOSE OF THE ORGANIZATION IS TO PROVIDE CHARITABLE MEDICAL SERVICES OR RELATED SERVICES AND BENEFITS TO THE NEEDY OF THE UNITED STATES AND FOREIGN COUNTRIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $290,488

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $290,488

Expense Breakdown

Grants Paid $283,788

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $295,439

Other Expenses $11,651

TOTAL EXPENSES $295,439

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,488	$22,500	+11.9%
Expenses	$295,439	$6,052	+47.8%
Net Income	$-4,951	$16,448	-1.3%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR PAUL SEVERSON	PRESIDENT	5.00	Officer Director	$0	$0	$0
RON VITALES	VICE PRESIDENT/SECRETARY	2.50	Officer Director	$0	$0	$0
KATIE BERG	TREASURER	0.50	Officer Director	$0	$0	$0
MIKE EVANS	DIRECTOR	2.50	Director	$0	$0	$0
FRANK BURKS	DIRECTOR	2.50	Director	$0	$0	$0
MCLEAN SEVERSON	DIRECTOR	2.50	Director	$0	$0	$0
DR ANDREW VANOSDOL	DIRECTOR	5.00	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	$290,488	$295,439	$122,907	$-4,951

PROJECT HAITI INC