HAMMOND KNIGHTS INC

EIN: 510422989 501(c)(3) Youth Development

HAMMOND, LA

Total Revenue
$189,070
Total Expenses
$194,386
Total Assets
$98,596
Net Assets
$97,478
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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
2007
Legal Domicile
LA
Principal Officer
MICHAEL LATINO
Tax Period
2023-01-01 to 2023-12-31

HAMMOND KNIGHTS INC, founded in 2007, is a small nonprofit in the Youth Development sector that reported $189K in total revenue in fiscal year 2023.

Mission

TO PROVIDE FINANCIAL AID FOR THE NEEDY IN THE LOCAL COMMUNITY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $173,877
Program Service Revenue $0
Investment Income $0
Other Revenue $15,193
TOTAL REVENUE $189,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,180
Fundraising Expenses $0
Program Expenses $168,706
Other Expenses $178,206
TOTAL EXPENSES $194,386

Year-over-Year Comparison

2023 2022 Change
Revenue $189,070 $182,749 +0.0%
Expenses $194,386 $223,755 -0.1%
Net Income $-5,316 $-41,006 -0.9%
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

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Governance

Voting Members
5
Independent Members
5
Employees
1
Volunteers
25

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
4
$9,000
Total Directors
0
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL LATINO PRESIDENT 10.00
Officer
$9,000 $0 $9,000
DARYL FERRARA SECRETARY 5.00
Officer
$0 $0 $0
CHARLES DELIBERTO VICE PRESIDENT 5.00
Officer
$0 $0 $0
EDWARD E NEWSOM II TREASURER 5.00
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 $189,070 $194,386 $98,596 $-5,316
2022 $182,749 $223,755 $103,871 $-41,006
2021 $126,436 $116,569 $144,671 $9,867
2020 $175,393 $156,790 $135,058 $18,603
2019 $180,445 $163,446 $116,407 $16,999
2018 $153,774 $154,085 $99,422 $-311
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