The Foundation for Development of … - Form 990 Financial Data

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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

2011

Legal Domicile

Principal Officer

Dady Chery

Phone

3476774486

Tax Period

2024-01-01 to 2024-12-31

The Foundation for Development of the Sou of Haiti, founded in 2011, is a micro nonprofit in the Health Care sector that reported $46K in total revenue in fiscal year 2024. Revenue surged 66% from the prior year, signaling strong growth momentum. The organization ran a surplus of $17K, a strong 38% operating margin.

Mission

TO COMPREHENSIVELY REVAMP THE HEALTH AND EDUCATIONAL SYSTEM IN SOUTH HAITI BY PROVIDING ENHANCED MEDICAL SERVCICES AND INFRASTRUCTURE SUPPORT IN THE COMMUNITIES WHILE EXPANDING TO OTHER TOWNS ONE AT A TIME.

Program Service Accomplishments

Program 1

Expenses: $28,640

Service activities are advancing and the Organization is making every attempt to secure grants so that services are better delivered.

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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 $45,957

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $45,957

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,299

Fundraising Expenses $0

Program Expenses $28,640

Other Expenses $5,341

TOTAL EXPENSES $28,640

Year-over-Year Comparison

	2024	2023	Change
Revenue	$45,957	$27,662	+0.7%
Expenses	$28,640	$27,979	+0.0%
Net Income	$17,317	$-317	-55.6%

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

N/A

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
Marguerite Atis	Board Member	20.00	Director	$0	$0	$0
Abner Lys	Board Member	20.00	Director	$0	$0	$0
Alderaine Brunel	Board Member	20.00	Director	$0	$0	$0
Cherline Valentine	Board Member	20.00	Director	$0	$0	$0
Jean A Lys	Board Member	20.00	Director	$0	$0	$0
Dady Chery	President	20.00	Officer Director	$0	$0	$0
Calix Phillips	Vice President	20.00	Officer Director	$0	$0	$0
Jocelyne DeGouvain	Secretary	20.00	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
2024	$45,957	$28,640	$29,843	$17,317
2023	$27,662	$27,679	$12,526	$-17
2020	$73,615	$42,684	$52,530	$30,931

The Foundation for Development of the Sou of Haiti