HACKER INITIATIVE

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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

WILLIAM D POLLOCK

Phone

4152095337

Tax Period

2024-01-01 to 2024-12-31

HACKER INITIATIVE, founded in 2016, is a small nonprofit in the Education sector that reported $276K in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $148K, a strong 53% operating margin.

Mission

HACKER INITIATIVE IS CREATED TO SUPPORT AND GROW THE COLLECTIVE KNOWLEDGE AND CONTRIBUTIONS OF THE WORLDWIDE HACKER COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $25,000

HACKER INITIATIVE, THROUGH REVIEWS BY THE PROGRAMMING COMMITTEE, AWARDED GRANTS OF 20,000 TO TENNESSE VALLEY STELLAR CORPORATION AND 5000 TO LAURENS VALK. THE PROGRAMMING COMMITTEE IS COMPRISED OF...

HACKER INITIATIVE, THROUGH REVIEWS BY THE PROGRAMMING COMMITTEE, AWARDED GRANTS OF 20,000 TO TENNESSE VALLEY STELLAR CORPORATION AND 5000 TO LAURENS VALK. THE PROGRAMMING COMMITTEE IS COMPRISED OF ALL VOLUNTEERS FROM THE ENGINEERING COMMUNITY, THE BROADER COMMUNITY, AND SOME OF THE BOARD MEMBERS OF HACKER INITIATIVE. DETAILS OF GRANT RECIPIENTS AND PROJECTS GRANTED ARE ON THE HACKER INITIATIVE NONPROFIT WEBSITE.

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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 $87,433

Program Service Revenue $0

Investment Income $188,888

Other Revenue $0

TOTAL REVENUE $276,321

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,000

Other Expenses $103,744

TOTAL EXPENSES $128,744

Year-over-Year Comparison

	2024	2023	Change
Revenue	$276,321	$142,155	+0.9%
Expenses	$128,744	$95,313	+0.4%
Net Income	$147,577	$46,842	+2.2%

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

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
WILLIAM D POLLOCK	CHAIR OF THE	2.10	Officer Director	$0	$0	$0
GARRET GEE	BOARD MEMBER	0.01	Director	$0	$0	$0
VICKI FRIEDBERG	INTERIM SECR	1.46	Officer	$0	$0	$0
EAN SCHUESSLER	BOARD MEMBER	0.39	Director	$0	$0	$0
CHUCK MCMANIS	TREASURER	0.19	Officer	$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	$276,321	$128,744	$2,153,479	$147,577
2023	$142,155	$95,313	$1,835,144	$46,842
2022	$202,407	$115,781	$1,784,857	$86,626
2021	$387,749	$40,461	$1,773,868	$347,288
2020	$306,990	$186,972	$1,384,605	$120,018
2019	$2,231,417	$128,369	$3,059,682	$2,103,048
2018	$234,457	$98,979	$790,826	$135,478