HUMAN RESOURCES DEVELOPMENT ASSOCIATES INC (EIN 850374114) - 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

1993

Legal Domicile

Principal Officer

JOE ORTIZ

Phone

5757580670

Tax Period

2022-07-01 to 2023-06-30

HUMAN RESOURCES DEVELOPMENT ASSOCIATES INC, founded in 1993, is a small nonprofit that reported $861K in total revenue in fiscal year 2022. Revenue decreased 19% compared to the prior year.

Mission

Human Resource Development Associates, Inc. Provides Community Corrections Services to Five Counties in the Northeast Quadrant of New Mexico.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $770,311

Investment Income $0

Other Revenue $90,296

TOTAL REVENUE $860,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $639,799

Fundraising Expenses $0

Program Expenses $902,583

Other Expenses $263,603

TOTAL EXPENSES $903,402

Year-over-Year Comparison

	2022	2021	Change
Revenue	$860,607	$1,060,424	-0.2%
Expenses	$903,402	$1,048,429	-0.1%
Net Income	$-42,795	$11,995	-4.6%

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

Employees

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUTH KRASOVEC	MEMBER	2.00	Director	$0	$0	$0
TANA GASPAREK	Vice President	2.00	Officer Director	$0	$0	$0
JOE ORTIZ	President	2.00	Officer Director	$0	$0	$0
ANITA LUCERO	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
2023	$860,607	$903,402	$571,045	$-42,795
2022	$1,060,424	$1,048,429	$195,865	$11,995
2021	$1,213,572	$1,080,213	$195,063	$133,359
2020	$1,176,782	$1,173,047	$211,182	$3,735
2019	$1,234,130	$1,286,413	$152,391	$-52,283
2018	$1,347,883	$1,397,433	$133,626	$-49,550

HUMAN RESOURCES DEVELOPMENT ASSOCIATES INC