THE HACK FOUNDATION D/B/A HACK CLUB (EIN 812908499) - 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

2016

Legal Domicile

Principal Officer

ZACHARY LATTA

Phone

8556254225

Tax Period

2023-01-01 to 2023-12-31

THE HACK FOUNDATION D/B/A HACK CLUB, founded in 2016, is a mid-sized nonprofit in the Science & Technology sector that reported $11.4M in total revenue in fiscal year 2023. Revenue surged 128% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.3M, a strong 47% operating margin.

Mission

HACK CLUB INSTRUCTS OR TRAINS TEENAGERS FOR THE PURPOSE OF IMPROVING THEIR CAPABILITIES IN CODING AND STEM. IT ALSO SERVES AS A FISCAL SPONSOR OF A WIDE VARIETY OF CHARITABLE AND EDUCATIONAL PROJECTS, WITH A SIGNIFICANT FOCUS ON STUDENT-LED PROJECTS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,976,912

Program Service Revenue $226,387

Investment Income $123,120

Other Revenue $31,437

TOTAL REVENUE $11,357,856

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,661,923

Fundraising Expenses $262,208

Program Expenses $5,181,220

Other Expenses $4,356,705

TOTAL EXPENSES $6,018,628

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,357,856	$4,974,838	+1.3%
Expenses	$6,018,628	$3,170,440	+0.9%
Net Income	$5,339,228	$1,804,398	+2.0%

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

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

$307,971

Total Directors

$307,971

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTINA ASQUITH	COO AND BOAR	40.00	Officer Director	$160,200	$28,112	$188,312
ZACHARY LATTA	E.D. & PRESI	40.00	Officer Director	$119,659	$0	$119,659
THOMAS PRESTON-WERNER	SECRETARY	1.00	Director	$0	$0	$0
SAMUEL QUINN SLACK	TREASURER	1.00	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	No data	No data	No data	No data
2023	$11,357,856	$6,018,628	$10,313,634	$5,339,228
2022	$4,974,838	$3,170,440	$4,804,868	$1,804,398
2021	$3,041,120	$1,711,023	$3,032,702	$1,330,097
2020	$1,600,932	$1,413,912	$1,476,563	$187,020
2019	$1,648,010	$556,873	$1,203,719	$1,091,137
2018	$285,026	$202,132	$104,567	$82,894

THE HACK FOUNDATION D/B/A HACK CLUB