HATCH DETROIT

EIN: 452450389 501(c)(3)

DETROIT, MI

Total Revenue
$78,233
Total Expenses
$197,916
Total Assets
N/A
Net Assets
N/A
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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
2011
Legal Domicile
MI
Principal Officer
VICTTORIA KATANSKI
Phone
2487666485
Tax Period
2021-04-01 to 2022-03-31

HATCH DETROIT, founded in 2011, is a micro nonprofit that reported $78K in total revenue in fiscal year 2021. Revenue fell 66% from the prior year — a significant decline worth monitoring. Expenses of $198K exceeded revenue, resulting in a 153% operating deficit.

Mission

HATCH DETROIT IS A VEHICLE TO CHAMPION AND SUPPORT INDEPENDENT RETAIL BUSINESSES THROUGH FUNDING, EDUCATION, EXPOSURE, AND MENTORING.

Program Service Accomplishments

Program 1
Expenses: $161,680 Revenue: $78,211

HATCH DETROIT RETAIL CONTEST TO SELECT A RETAIL BUSINESS WINNER WHICH IS GRANTED FUND TO ASSIST WITH THE OPENING OF BUSINESS IN DETROIT. IN ADDTION TO PROVIDING FINANCIAL ASSISTANCE TO LOCAL...

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HATCH DETROIT RETAIL CONTEST TO SELECT A RETAIL BUSINESS WINNER WHICH IS GRANTED FUND TO ASSIST WITH THE OPENING OF BUSINESS IN DETROIT. IN ADDTION TO PROVIDING FINANCIAL ASSISTANCE TO LOCAL BUSINESSES IN HISTORICAL NEIGHBORHOODS OF DETROIT.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $78,211
Program Service Revenue $0
Investment Income $22
Other Revenue $0
TOTAL REVENUE $78,233

Expense Breakdown

Grants Paid $100,000
Salaries & Benefits $88,113
Fundraising Expenses $17,622
Program Expenses $161,680
Other Expenses $9,803
TOTAL EXPENSES $197,916

Year-over-Year Comparison

2021 2020 Change
Revenue $78,233 $231,328 -0.7%
Expenses $197,916 $218,081 -0.1%
Net Income $-119,683 $13,247 -10.0%
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

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Governance

Voting Members
12
Independent Members
12
Employees
2
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
4
$42,233
Total Directors
12
$42,233
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
VITTORIA KATANSKI EXECUTIVE DIRECTOR 040.00
Officer Director Highest
$42,233 $0 $42,233
NICHOLAS GORGA PRESIDENT 008.00
Officer Director
$0 $0 $0
AUSTIN BLACK SECRETARY 002.00
Officer Director
$0 $0 $0
RJ WOLNEY BOARD MEMBER 002.00
Director
$0 $0 $0
PATRICIA ALEXANDER BOARD MEMBER 002.00
Director
$0 $0 $0
RYAN COOLEY TREASURER 002.00
Officer Director
$0 $0 $0
RUFUS BARTELL BOARD MEMBER 002.00
Director
$0 $0 $0
ANIKA GOSS-FOSTER BOARD MEMBER 002.00
Director
$0 $0 $0
RANDALL TALLERICO BOARD MEMBER 002.00
Director
$0 $0 $0
ELIAS KHALIL BOARD MEMBER 002.00
Director
$0 $0 $0
DEREK EDWARDS BOARD MEMBER 002.00
Director
$0 $0 $0
CLAIR WILLWT BOARD MEMBER 002.00
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
2022 $78,233 $197,916 No data $-119,683
2021 $231,328 $218,081 $179,648 $13,247
2020 $259,451 $218,258 $94,941 $41,193
2019 $197,866 $234,313 $53,748 $-36,447
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