Haystack Project Inc (EIN 833367375) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2019

Legal Domicile

Principal Officer

Kara Berasi

Phone

6143546036

Tax Period

2024-01-01 to 2024-12-31

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.

Mission

Haystack Project brings together stakeholders connected to rare and ultra rare medical conditions to educate them and assist them with their self advocacy efforts.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $759,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $759,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $36,000

Fundraising Expenses $0

Program Expenses $434,099

Other Expenses $489,956

TOTAL EXPENSES $525,956

Year-over-Year Comparison

	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%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$36,000

Total Directors

$36,000

Key Employees

Highest Compensated

reported

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

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	$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

Haystack Project Inc