HATCH HSV

EIN: 844149292 501(c)(3) Youth Development

HUNTSVILLE, AL

Total Revenue
$321,260
Total Expenses
$295,837
Total Assets
$202,631
Net Assets
$199,809
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2019
Legal Domicile
AL
Principal Officer
ELIZABETH S BOYER
Phone
2566657580
Tax Period
2023-01-01 to 2023-12-31

HATCH HSV, founded in 2019, is a small nonprofit in the Youth Development sector that reported $321K in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $296K left a modest 8% surplus.

Mission

TO COMBINE LIFE SKILLS WORKSHOPS WITH HOSPITALITY AND CULINARY TRAINING INTO AN INTENSIVE EIGHT-WEEK LIFE CHANGING PROGRAM.

Program Service Accomplishments

Program 1
Expenses: $204,082

HATCH PARTICIPANTS TRAIN FOR ALL AREAS OF OUR GROWING HOSPITALITY INDUSTRY BY PARTICIPATING IN KITCHEN INSTRUCTION TIME. STUDENTS WILL WORK WITH THE EXECUTIVE CHEF IN THE KITCHEN AS EARLY AS THE...

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HATCH PARTICIPANTS TRAIN FOR ALL AREAS OF OUR GROWING HOSPITALITY INDUSTRY BY PARTICIPATING IN KITCHEN INSTRUCTION TIME. STUDENTS WILL WORK WITH THE EXECUTIVE CHEF IN THE KITCHEN AS EARLY AS THE SECOND WEEK OF CLASSES TO HONE THEIR SKILLS IN THE KITCHEN.THEY WILL BE GIVEN THE OPPORTUNITY TO WORK AS BUSSER, RUNNER, SERVER, HOST, DISH, SALAD, PREP AND FRY STATION PREPARING THEM FOR THEIR FUTURE CAREER. STUDENTS PREPARE AND SHARE TWO MEALS PER DAY WITH THE OTHER STUDENTS IN THE COHORT. THESE MEALS, ALONG WITH OTHER GROUP PROJECTS AND KITCHEN COMPETITIONS, TEACH TEAMWORK AND FORM BONDS BETWEEN STUDENTS. TIME IS SPENT CREATING RESUMES, HONING INTERVIEW SKILLS, AND MANAGING ONLINE SOCIAL MEDIA PRESENCE SO THAT EACH STUDENT CAN PRESENT THE BEST POSSIBLE VERSION OF THEMSELVES TO POTENTIAL EMPLOYERS. HATCH HSV RECEIVED THE DONATED USE OF A FACILITIY FOR TRAINING USE AT A VALUE OF $60,000.

Program 2
Expenses: $44,414

FINANCIAL LITERACY IS A CORNERSTONE OF THE HATCH PROGRAM. STUDENTS ARE GIVEN A $1250 STIPEND AS AN INCENTIVE WHILE PARTICIPATING IN THE PROGRAM. BY PARTNERING WITH LOCAL BANKS, STUDENTS ARE...

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FINANCIAL LITERACY IS A CORNERSTONE OF THE HATCH PROGRAM. STUDENTS ARE GIVEN A $1250 STIPEND AS AN INCENTIVE WHILE PARTICIPATING IN THE PROGRAM. BY PARTNERING WITH LOCAL BANKS, STUDENTS ARE INTRODUCED TO FUNDAMENTAL BANKING AND BUDGETING SKILLS TO GIVE THEM THE ABILITY TO MANAGE FINANCES TODAY AND TO BUILD FOR A BETTER FUTURE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $325,930
Program Service Revenue $0
Investment Income $5,526
Other Revenue $-10,196
TOTAL REVENUE $321,260

Expense Breakdown

Grants Paid $0
Salaries & Benefits $114,780
Fundraising Expenses $0
Program Expenses $248,496
Other Expenses $181,057
TOTAL EXPENSES $295,837

Year-over-Year Comparison

2023 2022 Change
Revenue $321,260 $365,619 -0.1%
Expenses $295,837 $263,646 +0.1%
Net Income $25,423 $101,973 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
6
Employees
15
Volunteers
N/A

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
2
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BETH S BOYER PRESIDENT 10.00
Officer Director
$0 $0 $0
GARRETT P COYNE VICE PRESIDENT 10.00
Officer Director
$0 $0 $0
MAXIMILIAN J GRELIER III DIRECTOR 1.00
Director
$0 $0 $0
REMY F GROSS III DIRECTOR 1.00
Director
$0 $0 $0
DEMARCO MCCLAIN MEMBER 1.00
Director
$0 $0 $0
BRENDA MARTIN MEMBER 1.00
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 No data No data No data No data
2023 $321,260 $295,837 $202,631 $25,423
2022 $365,619 $263,646 $177,783 $101,973
2021 $199,179 $133,455 $75,721 $65,724
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