HALIFAX REGIONAL DEVELOPMENT FOUNDATION INC (EIN 541801459) - 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

1996

Legal Domicile

Principal Officer

BRIAN K ZWOYER

Phone

4345173183

Tax Period

2023-01-01 to 2023-12-31

HALIFAX REGIONAL DEVELOPMENT FOUNDATION INC, founded in 1996, is a small nonprofit in the Religion sector that reported $216K in total revenue in fiscal year 2018. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $119K, a strong 55% operating margin.

Mission

TO PROMOTE COMMUNITY HEALTH AND TO DEVELOP FUNDRAISING AND SUPPORT FOR HALIFAX REGIONAL HOSPITAL.

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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 $309,709

Program Service Revenue $0

Investment Income $42,558

Other Revenue $0

TOTAL REVENUE $352,267

Expense Breakdown

Grants Paid $8,963

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $80,007

Other Expenses $71,044

TOTAL EXPENSES $80,007

Year-over-Year Comparison

	2023	2022	Change
Revenue	$352,267	$75,684	+3.7%
Expenses	$80,007	$74,087	+0.1%
Net Income	$272,260	$1,597	+169.5%

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

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

$3,451,789

Total Directors

$3,451,789

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN K ZWOYER	DIRECTOR/PRESIDENT/SECRETARY	1.00	Officer Director	$0	$90,411	$405,654
CAROL C THOMAS	DIRECTOR/CHAIR	0.10	Officer Director	$0	$0	$40,000
MEGAN R PERRY	DIRECTOR/TREASURER	0.10	Officer Director	$0	$186,150	$1,793,140
PAUL A GADEN	DIRECTOR/VICE CHAIR	0.10	Officer Director	$0	$155,133	$1,212,995
MICHAEL V GENTRY	FORMER OFFICER	0.00		$0	$78,055	$2,220,921
ROBERT A BROERMANN	FORMER OFFICER	0.00		$0	$135,907	$2,809,597

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	$352,267	$80,007	$2,125,521	$272,260
2022	$75,684	$74,087	$2,080,327	$1,597
2021	$85,209	$77,404	$2,139,541	$7,805
2020	$86,420	$82,658	$2,125,131	$3,762
2019	$194,653	$204,055	$2,001,407	$-9,402
2018	$216,294	$97,171	$1,743,859	$119,123

HALIFAX REGIONAL DEVELOPMENT FOUNDATION INC