HFT Employee Emergency Relief Fund Inc (EIN 464048177) - 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

Principal Officer

Cheryl Smith

Phone

8053121163

Tax Period

2024-01-01 to 2024-12-31

HFT Employee Emergency Relief Fund Inc is a small nonprofit in the Philanthropy & Grantmaking sector that reported $761K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $687K left a modest 10% surplus.

Mission

Provision of emergency financial assistance to employees of Harbor Freight Tools (HFT) and their families due to a catastrophic event or personal crisis

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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 $620,646

Program Service Revenue $0

Investment Income $140,084

Other Revenue $0

TOTAL REVENUE $760,730

Expense Breakdown

Grants Paid $660,863

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $660,863

Other Expenses $26,331

TOTAL EXPENSES $687,194

Year-over-Year Comparison

	2024	2023	Change
Revenue	$760,730	$704,025	+0.1%
Expenses	$687,194	$531,895	+0.3%
Net Income	$73,536	$172,130	-0.6%

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
Cheryl Smith	President	15.0	Officer Director	$0	$0	$0
Wendy Gharagozian	Vice President	40.0	Director	$0	$0	$0
Lisa Peres	Vice President	4.0	Director	$0	$0	$0
Benjamin Markowitz	Treasurer	4.0	Officer Director	$0	$0	$0
Renee Frisk-Jones	Secretary	4.0	Officer Director	$0	$0	$0
Daniel Sundin	Vice President	3.0	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	$760,730	$687,194	$2,645,803	$73,536
2023	$704,025	$531,895	$2,542,310	$172,130
2022	$613,938	$292,642	$2,277,198	$321,296
2021	$441,890	$220,012	$2,080,518	$221,878
2020	$439,016	$305,421	$1,835,935	$133,595
2020	$445,016	$299,071	$1,848,284	$145,945
2019	$557,451	$321,826	$1,699,351	$235,625
2018	$590,689	$165,891	$1,458,221	$424,798

HFT Employee Emergency Relief Fund Inc