HALON ALTERNATIVES RESEARCH CORPORATION (EIN 521670724) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

THOMAS CORTINA

Phone

5713847914

Tax Period

2023-01-01 to 2023-12-31

HALON ALTERNATIVES RESEARCH CORPORATION, founded in 1989, is a small nonprofit that reported $138K in total revenue in fiscal year 2018. Revenue decreased 17% compared to the prior year.

Mission

HARC WAS FORMED FOR THE PURPOSE OF ENCOURAGING AND EDUCATING THE USES OF HALON ALTERNATIVES.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $117,255

Investment Income $201

Other Revenue $0

TOTAL REVENUE $117,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $154,053

TOTAL EXPENSES $154,053

Year-over-Year Comparison

	2023	2022	Change
Revenue	$117,456	$131,849	-0.1%
Expenses	$154,053	$134,133	+0.1%
Net Income	$-36,597	$-2,284	+15.0%

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

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
DAVE NYBERG	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TYLER ROBERTS	BOARD MEMBER	2.00	Director	$0	$0	$0
JEFF GIBSON	BOARD MEMBER	2.00	Director	$0	$0	$0
GEORGE MCEACHEN	BOARD MEMBER	2.00	Director	$0	$0	$0
AL THORNTON	BOARD MEMBER	2.00	Director	$0	$0	$0
TERRY SIMPSON	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JOANNA MINION	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK ERICKSON	BOARD MEMBER	2.00	Director	$0	$0	$0
JAMIE MCNALLY	BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL KIAMANESH	BOARD MEMBER	2.00	Officer Director	$0	$0	$0
JOHN DEMETER	BOARD MEMBER	2.00	Director	$0	$0	$0
TOM CORTINA	EXECUTIVE DIRECTOR	15.00	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	$117,456	$154,053	$57,592	$-36,597
2022	$131,849	$134,133	$94,189	$-2,284
2021	$135,900	$120,111	$96,473	$15,789
2020	$137,567	$123,163	$80,684	$14,404
2019	$175,455	$130,740	$63,732	$44,715
2018	$137,583	$146,822	$26,517	$-9,239

HALON ALTERNATIVES RESEARCH CORPORATION