HIINGA INC (EIN 455256372) - 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

2012

Legal Domicile

Principal Officer

ANDREW AGABA

Phone

7177998880

Tax Period

2023-01-01 to 2023-12-31

HIINGA INC, founded in 2012, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $466K, a strong 44% operating margin.

Mission

HIINGA IS A CHRIST CENTERED IMPACT INVESTING FUND WITH A DUAL MISSION; FIRST, WE INVEST IN ENTREPRENEURS TO CREATE SUSTAINABLE SMALL AND MEDIUM SIZED BUSINESSES THAT PRODUCE JOBS IN EAST AFRICA. SECOND, WE INVEST IN HEALTHCARE INFRASTRUCTURE TO DELIVER AFFORDABLE, SUSTAINABLE AND MEASURABLE HEALTHCARE OUTCOMES.

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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 $1,049,508

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,049,508

Expense Breakdown

Grants Paid $350,000

Salaries & Benefits $144,990

Fundraising Expenses $68,829

Program Expenses $437,824

Other Expenses $88,025

TOTAL EXPENSES $583,015

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,049,508	$800,864	+0.3%
Expenses	$583,015	$1,031,123	-0.4%
Net Income	$466,493	$-230,259	-3.0%

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

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
BRETT MCDONOUGH	CHAIR & TREA	4.00	Officer	$0	$0	$0
ANTHONY PANDJIRIS	SECRETARY	0.50	Officer	$0	$0	$0
LESLIE KING	DIRECTOR	2.00	Director	$0	$0	$0
BRADLEY STROCK	DIRECTOR	0.50	Director	$0	$0	$0
JACOB ZIKUSOOKA	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW AGABA	PRESIDENT &	55.00	Officer	$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	$1,049,508	$583,015	$671,598	$466,493
2022	$800,864	$1,031,123	$294,360	$-230,259
2021	$720,996	$1,053,296	$373,544	$-332,300
2021	$816,704	$1,019,315	$385,720	$-202,611
2020	$1,059,730	$654,104	$624,728	$405,626
2019	$874,168	$848,716	$222,660	$25,452
2018	$459,615	$521,639	$94,298	$-62,024

HIINGA INC