HONDURAS DEVELOPMENT NETWORK

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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

2008

Legal Domicile

Principal Officer

EDWARD MARTIN

Phone

7543072744

Tax Period

2023-01-01 to 2023-12-31

HONDURAS DEVELOPMENT NETWORK, founded in 2008, is a small nonprofit in the International Affairs sector that reported $157K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum.

Mission

TO SUPPORT THE WORK OF THE EPISCOPAL CHURCH DIOCESE OF HONDURAS IN ITS EFFORTS TO DEVELOP HONDURANS SPIRITUALLY, SOCIALLY AND ECONOMICALLY.

Program Service Accomplishments

Program 1

Expenses: $153,859

HONDURAS DEVELOPMENT NETWORK SUPPORTS THE EPISCOPAL CHURCH DIOCESE OF HONDURAS IN ITS EFFORTS TO DEVELOP HONDURANS SPIRITUALLY, SOCIALLY AND ECONOMICALLY. THE ORGANIZATION PRINCIPALLY PROVIDES FUNDS FOR MISSION PROJECTS BY U.S. BASED VOLUNTEERS, SUCH AS BUILDING CHURCHES AND SCHOOLS, AND PROVIDING MEDICAL CARE. THE ORGANIZATION ALSO PROVIDES OPERATING SUPPORT FOR THE DIOCESE ITSELF, AND CHURCHES AND SCHOOLS WITHIN THE DIOCESE.

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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 $156,816

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $156,816

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $153,859

Other Expenses $166,127

TOTAL EXPENSES $166,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$156,816	$120,158	+0.3%
Expenses	$166,127	$121,851	+0.4%
Net Income	$-9,311	$-1,693	+4.5%

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

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD MARTIN	PRESIDENT	N/A	Officer Director	$0	$0	$0
RHONDA ROBINSON	EXE. SECRETA	N/A	Director	$0	$0	$0
STEVE ROBINSON	DIRECTOR	N/A	Director	$0	$0	$0
RANDOLPH SMITH	TREASURER	N/A	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	$156,816	$166,127	$22,915	$-9,311
2022	$120,158	$121,851	$34,715	$-1,693
2021	$136,705	$202,855	$36,408	$-66,150
2020	$210,444	$148,113	$102,558	$62,331
2019	$152,828	$183,893	$40,227	$-31,065
2018	$192,370	$187,453	$71,292	$4,917