EDUCATE HAITI INC

EIN: 811727068 501(c)(3)

San Marcos, TX

Total Revenue
$80,124
Total Expenses
$122,324
Total Assets
N/A
Net Assets
N/A
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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
2016
Legal Domicile
IN
Principal Officer
Donald Pomeroy
Phone
2603169788
Tax Period
2024-01-01 to 2024-12-31

EDUCATE HAITI INC, founded in 2016, is a micro nonprofit that reported $80K in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year. Expenses of $122K exceeded revenue, resulting in a 53% operating deficit.

Mission

To assist Haitians in the development of schools, including buildings, equipment, salaries, books, and supplies. Development of teacher skills and the development of students into future leasers and skilled workers is of primary importance. This development will allow Haitian children to have the opportunity of gain a quality education, which is the key to empower them to pursue their dreams, and become the future leaders of Haiti, with the expectation that they will be able to solve Haiti's many problems.

Program Service Accomplishments

Program 1
Expenses: $122,324 Revenue: $80,124

Operating budget for the K-3 through grade 13 the graduating class. This is the main purpose/project for Educate Haiti which provides about 80% of the operating costs of the school. The last half of...

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Operating budget for the K-3 through grade 13 the graduating class. This is the main purpose/project for Educate Haiti which provides about 80% of the operating costs of the school. The last half of the 2023-2024 school year and all of the 2024-2025 school year was funded and is included in this report.

Program 2
Expenses: $0 Revenue: $0

No longer applicable

Program 3
Expenses: $0 Revenue: $0

No longer applicable

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,124
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $80,124

Expense Breakdown

Grants Paid $121,698
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $122,324
Other Expenses $626
TOTAL EXPENSES $122,324

Year-over-Year Comparison

2024 2023 Change
Revenue $80,124 $90,190 -0.1%
Expenses $122,324 $88,849 +0.4%
Net Income $-42,200 $1,341 -32.5%
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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Governance

Voting Members
3
Independent Members
1
Employees
N/A
Volunteers
2

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
2
$0
Total Directors
3
$0
Key Employees
2
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathleen Pomeroy Secretary 15
Officer Director Key Emp
$0 $0 $0
Donald Pomeroy CFO 12
Officer Director Key Emp
$0 $0 $0
Rev Raymond Steven Bryce Chaplain 0
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 $80,124 $122,324 No data $-42,200
2023 $90,190 $88,849 $42,201 $1,341
2022 $58,727 $90,848 $40,859 $-32,121
2021 $130,624 $112,976 $72,981 $17,648
2020 $56,538 $76,032 $55,333 $-19,494
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