Hit the Books Inc (EIN 842795993) - 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

Justin Haber

Phone

2123922660

Tax Period

2024-01-01 to 2024-12-31

Hit the Books Inc, founded in 2019, is a community nonprofit in the Youth Development sector that reported $1.0M in total revenue in fiscal year 2024.

Mission

Hit the Books ("HTB") aims to bring additional educational resources to underserved communities through a sports-based development approach. See full mission in Schedule O

🔒

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 $1,026,509

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,026,509

Expense Breakdown

Grants Paid $0

Salaries & Benefits $629,290

Fundraising Expenses $0

Program Expenses $1,015,548

Other Expenses $453,583

TOTAL EXPENSES $1,082,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,026,509	$954,849	+0.1%
Expenses	$1,082,873	$931,496	+0.2%
Net Income	$-56,364	$23,353	-3.4%

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

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

$171,949

Total Directors

$171,949

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jhae Thompson	Board Member/ Exec Director	40.0	Officer Director	$151,481	$20,468	$171,949
Justin Haber	Board Chair	1.0	Officer Director	$0	$0	$0
Zachary levy	Board Vice Chair	1.0	Officer Director	$0	$0	$0
Victor Boadum	Secretary	1.0	Officer Director	$0	$0	$0
Mark Bai	Board Member	1.0	Director	$0	$0	$0
Sushma Chennubhotla	Board Member	1.0	Director	$0	$0	$0
Tushar Khadloya	Board Member	1.0	Director	$0	$0	$0
Kazz Pinkard	Board Member	1.0	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	$1,026,509	$1,082,873	$730,731	$-56,364
2023	$954,849	$931,496	$954,855	$23,353
2022	$750,134	$753,975	$1,093,410	$-3,841
2021	$627,242	$691,257	$1,278,065	$-64,015
2020	$508,493	$252,410	$368,100	$256,083

Hit the Books Inc