HANDSON BAY AREA (EIN 770195144) - Form 990 Financial Analysis & Trantor Score

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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

1993

Legal Domicile

Principal Officer

LOUIS J REDA

Phone

4155419616

Tax Period

2024-01-01 to 2024-12-31

HANDSON BAY AREA, founded in 1993, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.2M in total revenue in fiscal year 2024.

Mission

PEOPLE HELPING PEOPLE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $418,275

Program Service Revenue $2,784,167

Investment Income $14,626

Other Revenue $0

TOTAL REVENUE $3,217,068

Expense Breakdown

Grants Paid $6,000

Salaries & Benefits $2,243,813

Fundraising Expenses $37,038

Program Expenses $3,167,382

Other Expenses $1,142,948

TOTAL EXPENSES $3,392,761

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,217,068	$3,336,942	0.0%
Expenses	$3,392,761	$3,464,563	0.0%
Net Income	$-175,693	$-127,621	+0.4%

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

10000

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

$251,694

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUELINE SUPMAN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHELLE RINCON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NATHAN BECKORD	TREASURER	1.00	Officer Director	$0	$0	$0
CHARA MATHUR	SECRETARY	1.00	Officer Director	$0	$0	$0
KIM ALMEIDA	BOARD MEMBER	1.00	Director	$0	$0	$0
JUSTIN GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
BRIAN KENNEDY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATT LAI	BOARD MEMBER	1.00	Director	$0	$0	$0
CHIRAG MAHAPATRA	BOARD MEMBER	1.00	Director	$0	$0	$0
SEAN MCCALLUM	BOARD MEMBER	1.00	Director	$0	$0	$0
LIA RENNER	BOARD MEMBER	1.00	Director	$0	$0	$0
TAMMY TRAN	BOARD MEMBER	1.00	Director	$0	$0	$0
LOUIS J REDA	EXECUTIVE DIRECTOR	40.00	Officer	$206,146	$45,548	$251,694
CHAD WOLBRINK	DIRECTOR OF FINANCE & ADMIN	40.00	Highest	$140,021	$30,362	$170,383

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	$3,217,068	$3,392,761	$4,168,996	$-175,693
2023	$3,336,942	$3,464,563	$2,621,619	$-127,621
2022	$2,958,597	$2,504,190	$2,876,177	$454,407
2021	$3,005,466	$2,385,388	$2,646,939	$620,078
2020	$1,624,148	$2,276,657	$2,250,090	$-652,509
2019	$3,333,702	$3,316,059	$2,066,939	$17,643
2018	$3,123,677	$3,078,124	$1,948,811	$45,553

HANDSON BAY AREA