Severna Park, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Haystack Project Inc, founded in 2019, is a small nonprofit in the Diseases & Disorders sector that reported $759K in total revenue in fiscal year 2024. Revenue surged 234% from the prior year, signaling strong growth momentum. The organization ran a surplus of $233K, a strong 31% operating margin.
Haystack Project brings together stakeholders connected to rare and ultra rare medical conditions to educate them and assist them with their self advocacy efforts.
The organization brings together patient organizations representing patients suffering from or caring for patients with extremely rare diseases. This is accomplished through educating policymakers...
The organization brings together patient organizations representing patients suffering from or caring for patients with extremely rare diseases. This is accomplished through educating policymakers and stakeholders about the barriers FDA processes and insurance frameworks create and perpetuate in rare and ultra-rare diseases and help them recognize the circumstances of extremely rare conditions and treatments and expand incentives critical to ensuring they can reach patients. Policy Initiatives and Rare Disease Priorities Haystack Project works with patients to help them learn how to advocate for their communities and improve. Modernization of Rare Disease Clinical Trials Work focused on rethinking clinical trials for rare diseases. Patient Education Engagement Speaker series where we bring various experts to speak to issues related to rare diseases. Member organizations are able to listen and ask questions. Also conduct member meetings to educate about current events, Haystack initiatives, and help answer questions.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $759,000 | $226,966 | +2.3% |
| Expenses | $525,956 | $434,658 | +0.2% |
| Net Income | $233,044 | $-207,692 | -2.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Kara Berasi | CEO | 020.00 |
Officer
Director
|
$36,000 | $0 | $36,000 |
| Chevese Turner | Secretary | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Christina Nyquist | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Lynn Taylor | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Lisa Steelman | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Victoria Blatter | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Jenn Wappaus | Treasurer | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Susan Thornton | Board Chair / Patient Representative | 001.00 |
Officer
Director
|
$0 | $0 | $0 |
| Jim Caro | Director | 001.00 |
Director
|
$0 | $0 | $0 |
| Kristen Wheeden | Patient Representative | 001.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $759,000 | $525,956 | $402,109 | $233,044 |
| 2023 | $226,966 | $434,658 | $174,973 | $-207,692 |
| 2022 | $476,038 | $380,641 | $382,665 | $95,397 |
| 2021 | $482,707 | $364,053 | $287,269 | $118,654 |
| 2020 | $391,539 | $227,161 | $168,615 | $164,378 |
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