THE HARTMAN INITIATIVE (EIN 842676394) - 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

STEPHEN MICHALIK

Phone

8887243590

Tax Period

2021-01-01 to 2021-12-31

THE HARTMAN INITIATIVE, founded in 2019, is a small nonprofit in the Human Services sector that reported $261K in total revenue in fiscal year 2021. Revenue surged 5125% from the prior year, signaling strong growth momentum.

Mission

TO IDENTIFY AND EQUIP LOCAL NURSING STUDENTS AND INTERNATIONAL MEDICAL STUDENTS WITH THE RESOURCES NECESSARY FOR EDUCATIONAL SUCCESS BY PARTNERING WITH COMMUNITY AND INDUSTRY LEADERS SO THOSE STUDENTS WILL POSITIVELY IMPACT THEIR COMMUNITIES.

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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 (2021)

Revenue Breakdown

Contributions & Grants $261,230

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $261,230

Expense Breakdown

Grants Paid $244,076

Salaries & Benefits $0

Fundraising Expenses $1,402

Program Expenses $253,019

Other Expenses $17,717

TOTAL EXPENSES $261,793

Year-over-Year Comparison

	2021	2020	Change
Revenue	$261,230	$5,000	+51.2%
Expenses	$261,793	$1,581	+164.6%
Net Income	$-563	$3,419	-1.2%

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
STEPHEN MICHALIK	PRESIDENT	2.00	Officer Director	$0	$0	$0
AMANDA DODD	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
JEFFREY FRANCONA	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL WITTERMAN	SECRETARY	2.00	Officer Director	$0	$0	$0
JOSHUA WILSEY	BOARD MEMBER	2.00	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
2021	$261,230	$261,793	$3,091	$-563

THE HARTMAN INITIATIVE