HAESE ACADEMY INCORPORATED (EIN 834262509) - 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

2019

Legal Domicile

Principal Officer

DEREK HAESE

Phone

2023657679

Tax Period

2023-01-01 to 2023-12-31

HAESE ACADEMY INCORPORATED, founded in 2019, is a micro nonprofit in the Recreation & Sports sector that reported $61K in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $95K exceeded revenue, resulting in a 54% operating deficit.

Mission

TO BREAK THE CYCLE OF EXTREME POVERTY BY FOSTERING CHILDREN'S LOVE OF AND INTEREST IN LEARNING WHILE KEEPING THEM ENROLLED IN A PROGRAM THAT PUTS THEM ON A PATH TOWARDS BILINGUALISM, ATHELETICISM, AND THE DREAM OF HIGHER EDUCATION.

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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 $38,713

Program Service Revenue $19,140

Investment Income $3,246

Other Revenue $189

TOTAL REVENUE $61,288

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,700

Fundraising Expenses $0

Program Expenses $31,701

Other Expenses $74,908

TOTAL EXPENSES $94,608

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,288	$102,170	-0.4%
Expenses	$94,608	$122,783	-0.2%
Net Income	$-33,320	$-20,613	+0.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEREK HAESE	PRESIDENT AND CEO	35.00		$11,700	$0	$11,700
SUSAN HAESE	TREASURER	20.00		$8,000	$0	$8,000
JOHN HAESE	BOARD MEMBER	0.00	Director	$0	$0	$0
ALEXIS CORTIJO-BROWN	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES MONAGHAN	BOARD MEMBER	0.00	Director	$0	$0	$0
YOELVIN SILVEN	BOARD MEMBER	0.00	Director	$0	$0	$0
DEREK HAESE	President & CEO	0.00	Officer	$0	$0	$0
SUSAN HAESE	Treasurer	0.00	Officer	$0	$0	$0
DANIEL EDWARDS	Secretary	0.00	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
2023	$61,288	$94,608	$511,795	$-33,320
2022	$102,170	$122,783	$545,115	$-20,613
2021	$96,636	$122,962	$565,728	$-26,326
2020	$608,253	$35,446	$572,807	$572,807

HAESE ACADEMY INCORPORATED