HSDL LLC (EIN 475649198) - 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

DARIN OVIATT

Phone

8014226630

Tax Period

2023-01-01 to 2023-12-31

HSDL LLC, founded in 2015, is a mid-sized nonprofit in the Education sector that reported $14.1M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $13.1M left a modest 7% surplus.

Mission

PROVIDES ONLINE HIGH SCHOOL DISTANCE LEARNING COURSES.

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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 $0

Program Service Revenue $14,093,569

Investment Income $0

Other Revenue $0

TOTAL REVENUE $14,093,569

Expense Breakdown

Grants Paid $189,222

Salaries & Benefits $2,456,465

Fundraising Expenses $0

Program Expenses $4,875,597

Other Expenses $10,474,137

TOTAL EXPENSES $13,119,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,093,569	$10,633,214	+0.3%
Expenses	$13,119,824	$10,312,481	+0.3%
Net Income	$973,745	$320,733	+2.0%

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

N/A

Employees

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

$466,846

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARIN R OVIATT	MANAGER	3.00	Officer	$0	$6,378	$159,998
KEVIN L WALKER	MANAGER	0.40	Officer	$0	$6,381	$158,344
CAROLYN B ANDREWS	MANAGER	1.00	Officer	$0	$5,806	$148,504

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	$14,093,569	$13,119,824	$4,641,819	$973,745
2022	$10,633,214	$10,312,481	$3,367,348	$320,733
2021	$10,965,696	$11,710,215	$2,946,169	$-744,519
2020	$14,547,701	$13,820,287	$3,704,730	$727,414

HSDL LLC