HEDGE FUND ASSOCIATION INC (EIN 473814611) - 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

2015

Legal Domicile

Principal Officer

MITCH ACKLES

Phone

6467629668

Tax Period

2023-01-01 to 2023-12-31

HEDGE FUND ASSOCIATION INC, founded in 2015, is a micro nonprofit in the Community Improvement sector that reported $89K in total revenue in fiscal year 2023. Revenue fell 49% from the prior year — a significant decline worth monitoring. Expenses of $145K exceeded revenue, resulting in a 63% operating deficit.

Mission

OUR MISSION IS TO SERVE AS AN INDUSTRY TRADE AND NONPARTISAN LOBBYING ORGANIZATION DEVOTED TO ADVANCING TRANSPARENCY, DEVELOPMENT AND TRUST IN ALTERNATIVE INVESTMENTS.

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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 $88,704

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $88,704

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $144,755

TOTAL EXPENSES $144,755

Year-over-Year Comparison

	2023	2022	Change
Revenue	$88,704	$172,335	-0.5%
Expenses	$144,755	$138,167	+0.0%
Net Income	$-56,051	$34,168	-2.6%

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

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
MITCH ACKLES	PRESIDENT	30.00	Officer Director	$0	$0	$0
TONY ACQUADRO	VICE PRESIDE	15.00	Officer Director	$0	$0	$0
PAUL GRAY	DIRECTOR	5.00	Director	$0	$0	$0
JENNIFER KEENEY	DIRECTOR	5.00	Director	$0	$0	$0
RAJPAL ARULPRAGASAM	DIRECTOR	10.00	Director	$0	$0	$0
ROB HARTNETT	DIRECTOR	5.00	Director	$0	$0	$0
LAURI GOODWYN	DIRECTOR, CO	20.00	Officer Director	$0	$0	$0
KRISTA OLDFIELD	DIRECTOR	5.00	Director	$0	$0	$0
RICHARD WESTMARK	DIRECTOR	5.00	Director	$0	$0	$0
DELORIS DUNK-VICKERS	TREASURER	10.00	Officer Director	$0	$0	$0
NICK TOOTLE	DIRECTOR	5.00	Director	$0	$0	$0
ALEXANDER REYES	DIRECTOR	5.00	Director	$0	$0	$0
JOSHUA STONE	CHIEF LEGAL	5.00	Officer Director	$0	$0	$0
PAMELA BRYLSKI	DIRECTOR	5.00	Director	$0	$0	$0
BO MEGGINSON	DIRECTOR	5.00	Director	$0	$0	$0
ALICE SIYU LYU	DIRECTOR	5.00	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	No data	No data	No data	No data
2023	$88,704	$144,755	$12,678	$-56,051
2022	$172,335	$138,167	$68,729	$34,168
2021	$100,283	$124,726	$34,561	$-24,443
2020	$107,223	$107,320	$65,754	$-97
2019	$121,805	$97,001	$61,376	$24,804
2018	$121,267	$117,848	$36,572	$3,419

HEDGE FUND ASSOCIATION INC