DOWNTOWN HAZLETON ALLIANCE FOR PROGRESS INC (EIN 464210453) - 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

2013

Legal Domicile

Principal Officer

JOSEPH LETTIERE

Phone

5704551508

Tax Period

2024-01-01 to 2024-12-31

DOWNTOWN HAZLETON ALLIANCE FOR PROGRESS INC, founded in 2013, is a small nonprofit in the Community Improvement sector that reported $237K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $280K exceeded revenue, resulting in a 18% operating deficit.

Mission

PLAN AND IMPLEMENT A STRATEGIC REVITALIZATION PLAN FOR DOWNTOWN CENTER-CITY HAZLETON AND ENGAGE IN ECONOMIC GROWTH AND DEVELOPMENT OF CENTER-CITY HAZLETON.

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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 $204,948

Program Service Revenue $0

Investment Income $201

Other Revenue $31,510

TOTAL REVENUE $236,659

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $13,402

Program Expenses $231,203

Other Expenses $280,066

TOTAL EXPENSES $280,066

Year-over-Year Comparison

	2024	2023	Change
Revenue	$236,659	$289,968	-0.2%
Expenses	$280,066	$292,921	0.0%
Net Income	$-43,407	$-2,953	+13.7%

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

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
JOSEPH LETTIERE	PRESIDENT	5.00	Officer Director	$0	$0	$0
MELISSA FEDERICK	SECRETARY	5.00	Officer	$0	$0	$0
PAT GENDLER	TREASURER	5.00	Officer	$0	$0	$0
NEAL DEANGELO III	DIRECTOR	1.00	Director	$0	$0	$0
CAL HERRING	DIRECTOR	1.00	Director	$0	$0	$0
MARY MALONE	DIRECTOR	1.00	Director	$0	$0	$0
VICKY PEREZ	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
JOHN E SCHWEAR JR	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SPEAR	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY TORRES	DIRECTOR AT LARGE	1.00	Director	$0	$0	$0
JOSEPH ZELLER III	DIRECTOR	1.00	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
2024	$236,659	$280,066	$1,922,540	$-43,407
2023	$289,968	$292,921	$1,969,080	$-2,953
2022	$437,146	$243,613	$2,119,685	$193,533
2021	$367,378	$319,825	$1,930,797	$47,553
2020	$596,554	$245,028	$1,961,721	$351,526
2019	$467,594	$202,997	$1,393,361	$264,597
2018	$759,774	$240,658	$1,388,741	$519,116

DOWNTOWN HAZLETON ALLIANCE FOR PROGRESS INC