HIT Incorporated (EIN 450353818) - 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

1979

Legal Domicile

Principal Officer

Michael J Remboldt

Phone

7016630379

Tax Period

2023-07-01 to 2024-06-30

HIT Incorporated, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $43.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $40.9M left a modest 7% surplus.

Mission

HIT supports people with disabilities through self-directed services that promote independence, dignity and respect.

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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 $2,093,137

Program Service Revenue $41,620,027

Investment Income $159,487

Other Revenue $-10,117

TOTAL REVENUE $43,862,534

Expense Breakdown

Grants Paid $19,568

Salaries & Benefits $32,880,753

Fundraising Expenses $0

Program Expenses $38,432,799

Other Expenses $8,014,865

TOTAL EXPENSES $40,915,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$43,862,534	$39,867,249	+0.1%
Expenses	$40,915,186	$38,791,022	+0.1%
Net Income	$2,947,348	$1,076,227	+1.7%

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

667

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

$411,253

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jane Porter	President	1.00	Officer Director	$0	$0	$0
James Froelich	Vice President	1.00	Officer Director	$0	$0	$0
Mike Bitz	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Linda Anseth	Director	1.00	Director	$0	$0	$0
Paul Myerchin	Director	1.00	Director	$0	$0	$0
Lee Weisbeck	Director	1.00	Director	$0	$0	$0
Greg Vetter	Director (Until Sept 23)	1.00	Director	$0	$0	$0
Michael J Remboldt	Chief Executive Officer	50.00	Officer	$210,465	$28,790	$239,255
Paul Kramer	Chief Financial Officer	50.00	Officer	$161,646	$10,352	$171,998
Jill Staudinger - VP of	Children & Family Services	50.00	Highest	$133,558	$33,558	$167,116
Morgan Peterson	DSP	70.00	Highest	$119,511	$7,171	$126,682
Amber Kuntz	Asst. Director of KIDS	40.00	Highest	$114,457	$18,440	$132,897
Amy Trudeau	Dak Alpha DON	40.00	Highest	$112,962	$6,859	$119,821
Nicholl Wolmarans	Early Interventionist	40.00	Highest	$112,429	$20,230	$132,659

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
2025	No data	No data	No data	No data
2024	$43,862,534	$40,915,186	$22,966,112	$2,947,348
2023	$39,867,249	$38,791,022	$20,905,285	$1,076,227
2022	$38,762,981	$36,523,144	$22,072,326	$2,239,837
2021	$35,559,884	$33,729,640	$20,712,644	$1,830,244
2020	$35,163,289	$33,394,478	$19,256,498	$1,768,811
2019	$34,291,040	$32,014,880	$17,198,164	$2,276,160

HIT Incorporated