HASNA INC

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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

1998

Legal Domicile

Principal Officer

CYRUS STACEY

Phone

6102351654

Tax Period

2022-01-01 to 2022-12-31

HASNA INC, founded in 1998, is a micro nonprofit in the International Affairs sector that reported $72K in total revenue in fiscal year 2022. Revenue fell 79% from the prior year — a significant decline worth monitoring. Expenses of $235K exceeded revenue, resulting in a 225% operating deficit.

Mission

HASNA'S MISSION IS TO FACILITATE CROSS-CULTURAL UNDERSTANDING BETWEEN COMMUNITIES DIVIDED ALONG ETHNIC, RELIGIOUS, RACIAL, GENDER, AND NATIONAL LINES; AND REDUCE BARRIERS TO INTEGRATION AND POSITIVE PEACE.

Program Service Accomplishments

Program 1

Expenses: $89,331

THE TURKEY REFUGEE RESPONSE INIATIVE (TRRI) IS A MULTI PHASED ENDEAVOR AIMED AT EXPLORING THE ROLE OF LOCAL GOVERNMENT, CIVIL SOCIETY ORGANIZATIONS, AND INTERNATIONAL NONGOVERNMENTAL AGENCIES IN...

THE TURKEY REFUGEE RESPONSE INIATIVE (TRRI) IS A MULTI PHASED ENDEAVOR AIMED AT EXPLORING THE ROLE OF LOCAL GOVERNMENT, CIVIL SOCIETY ORGANIZATIONS, AND INTERNATIONAL NONGOVERNMENTAL AGENCIES IN SERVING TURKEY'S REFUGE COMMUNITIES, PARTICULARLY IN THE REALMS OF ACCESS TO LIVELIHOODS AND OVERALL SOCIAL COHESION. THROUGHOUT 2022, HASNA CONDUCTED A SERIES OFCONSULTATIONS WITH LOCAL CIVIL SOCIATY LEADERS, MUNICIPALITIES, ACADEMICS,AND INTERNATIONAL DEVELOPMENT WORKERS TO MAP OUT THE CHALLENGES/OPPORTUNITIES AND BEST PRACTICES IN REFUGEE ASSISTANCE, PARTICULARILY IN THE REALM OF PREVENTING GENDER-BASED VIOLENCE AND HATESPEECH IN THE MEDIA.

Program 2

Expenses: $27,587

DISTANCE LEARNING AND DOMESTIC WORKSHOPS: DUE TO THE SOMEWAHT CHALLENGING POLITICAL ENVIRNONMENT IN TURKEY, ESPECIALLY AFTER THE 2016 COUP ATTEMPT, IN ADDITION TO THE RESTRICTIONS OF THE COVID-19...

DISTANCE LEARNING AND DOMESTIC WORKSHOPS: DUE TO THE SOMEWAHT CHALLENGING POLITICAL ENVIRNONMENT IN TURKEY, ESPECIALLY AFTER THE 2016 COUP ATTEMPT, IN ADDITION TO THE RESTRICTIONS OF THE COVID-19 PANDEMIC, HASNA HAS GONE ONLINE WITH ITS CAPACITY BUILDING AND TRAINING WORKSHOPS. TO THIS END, IN 2022, IT ACHIEVED ITS EDUCATIONAL AIMS PRIMARILIY THROUGH ONLINE WEBINARS AND DRAFTING AND PUBLICIZATION OF REPORTS. TOPICS DISCUSSED AND WRITTEN ABOUT IN THIS PROGRAMMATIC AREA INCLUDED GENDER-BASED VIOLENCE IN THE HUMANATARIAN CONTEXT IN TURKEY AND PEACE JOURNALISM AS A METHOD OF COMBATING HATE SPEECH AND XENOPHOBIA TARGETING REFUGEES IN THE MEDIA.

Program 3

Expenses: $14,450

CULTURAL DIPLOMACY (TURKEY): WORKING TO PROMOTE PEACEBUIDLING, IN 2022 HASNA UNDERTOOK NEW PROJECTS IN COLLABORATION WITH ORGANIZATIONS IN DIFFERENT CONFLICT CONTEXTS IN TURKEY AND CYPRUS IN ORDER TO SPREAD AWARNESS AND PROMOTE COOPERATION AND COLLABORATION BETWEEN CONFLICTING PARTIES. IN THIS RESPECT HASNA HAS WORKED TO REINFORCE AND EXPAND ITS NETWORK OF ACADEMICS, CIVIL SOCIETY LEADERS, AND HUMANATARIAN PRACTIONERS IN THE EU, CYPRUS, AND TURKEY, AND HAS GIVEN THEM A VOICE IN REACHING HASNA'S LARGELY US-BASED AUDIENCE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $364

Program Service Revenue $0

Investment Income $71,998

Other Revenue $0

TOTAL REVENUE $72,362

Expense Breakdown

Grants Paid $25,550

Salaries & Benefits $156,265

Fundraising Expenses $26,370

Program Expenses $131,368

Other Expenses $53,043

TOTAL EXPENSES $234,858

Year-over-Year Comparison

	2022	2021	Change
Revenue	$72,362	$348,041	-0.8%
Expenses	$234,858	$281,875	-0.2%
Net Income	$-162,496	$66,166	-3.5%

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

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
RUKMINI BANERJEE	FORMER PRESI	N/A		$92,818	$0	$92,818
CYRUS STACEY	CHAIRMAN	5.00	Officer Director	$0	$0	$0
MARK STACEY	TREASURER	1.00	Officer Director	$0	$0	$0
NEVZER STACEY	BOARD MEMBER	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
2022	$72,362	$234,858	$3,524,527	$-162,496
2021	$348,041	$281,875	$4,519,000	$66,166
2020	$2,179,382	$214,963	$4,281,603	$1,964,419