HIS1040 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

2001

Legal Domicile

Principal Officer

Napoleon C Ignacio

Tax Period

2020-01-01 to 2020-12-31

HIS1040 INC, founded in 2001, is a small nonprofit that reported $525K in total revenue in fiscal year 2020. Revenue surged 119% from the prior year, signaling strong growth momentum. Expenses of $495K left a modest 6% surplus.

Mission

Fulfill the Great Commission among unreached people groups by empowering native/indigenous missionaries.

Program Service Accomplishments

Program 1

Expenses: $492,753

Highlights of 2020--Due to the global pandemic that continued into 2020, HIS1040 provided a tremendous amount of relief to underserved people groups in remote areas. There were 3 waves of...

Highlights of 2020--Due to the global pandemic that continued into 2020, HIS1040 provided a tremendous amount of relief to underserved people groups in remote areas. There were 3 waves of distributions that included food, water, medicine and blankets. HIS1040 continued to install wells with handpumps in remote tribal areas. Motorcycles and bicycles were provided to workers to enhance mobility in remote areas. Compassionate grief counseling was provided to many who lost family and friends due to Covid-19. Sewing centers that had previously been established in Bangladesh and India were able to transition into making face masks which provided many women with the ability to earn a living. Although it was a trying year, HIS1040 made an impact on people groups that may have been overlooked.

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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 (2020)

Revenue Breakdown

Contributions & Grants $524,564

Program Service Revenue $0

Investment Income $2

Other Revenue $0

TOTAL REVENUE $524,566

Expense Breakdown

Grants Paid $492,386

Salaries & Benefits $0

Fundraising Expenses $104

Program Expenses $492,753

Other Expenses $2,345

TOTAL EXPENSES $494,731

Year-over-Year Comparison

	2020	2019	Change
Revenue	$524,566	$239,523	+1.2%
Expenses	$494,731	$245,308	+1.0%
Net Income	$29,835	$-5,785	-6.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Fredrick Virtucio	Director	2.00	Director	$0	$0	$0
William D Tyree III	TreasurerDirector	3.00	Officer Director	$0	$0	$0
Napoleon C Ignacio	FounderDirector	40.00	Officer 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
2020	$524,566	$494,731	$36,546	$29,835
2019	$239,523	$243,868	$7,267	$-4,345
2018	$179,610	$162,277	$11,288	$17,333