HIGH ALTITUDE PLATFORM STATION ALL… - Form 990 Financial Data

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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

2020

Legal Domicile

Principal Officer

KEN RIORDAN

Phone

7812460500

Tax Period

2023-01-01 to 2023-12-31

HIGH ALTITUDE PLATFORM STATION ALLIANCE INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $459K in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $514K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE MISSION OF THE HAPS ALLIANCE IS TO UNLOCK THE STRATOSPHERE TO ENHANCE CONNECTIVITY AND SENSING SERVICES FOR CIVILIAN AND AD GOVERNMENT APPLICATIONS GLOBALLY. THEY DO THIS BY UNITING GOVERNMENT, ACADEMICS, AND THOSE IN THE TELECOMMUNICATIONS, AVIATION, AND TECHNOLOGY SECTORS TO PROMOTE THE USE OF HAPS BOTH COMMERCIALLY AND IN MILITARY/GOVERNMENT APPLICATIONS. MEMBERS OF THE HAPS ALLIANCE COLLECTIVELY ADVOCATE THE ADVANTAGES OF HAPS TECHNOLOGY WITH RELEVANT GOVERNMENT AND AUTHORITATIVE BODIES AROUND THE WORLD AND WORK TOGETHER TO BUILD A COOPERATIVE ECOSYSTEM WITH NETWORK INTEROPERABILITY.

Program Service Accomplishments

Program 1

IN 2023, THE HAPS ALLIANCE ORGANIZED 2 MEMBER MEETINGS, ONE ONLINE AND ONE IN-PERSON. THESE MEETINGS CONSISTED OF SPEAKERS, MEMBER PRESENTATIONS, WORKING GROUP MEETINGS, AND OTHER ORGANIZATIONAL...

IN 2023, THE HAPS ALLIANCE ORGANIZED 2 MEMBER MEETINGS, ONE ONLINE AND ONE IN-PERSON. THESE MEETINGS CONSISTED OF SPEAKERS, MEMBER PRESENTATIONS, WORKING GROUP MEETINGS, AND OTHER ORGANIZATIONAL CONTENT OVER THE COURSE OF TWO DAYS. THESE EVENTS ARE CRITICAL TO ALLOW MEMBERS TO CONNECT WITH ONE ANOTHER TO CONTINUE TO BUILD THE HAPS ECOSYSTEM AND PUSH FOR ITS ADOPTION GLOBALLY. THERE WERE OVER 150 PARTICIPANTS IN TOTAL ACROSS THESE EVENTS. ADDITIONALLY, THE ALLIANCE HAD 3 ACTIVE WORKING GROUPS IN 2023, WITH A 4TH BEING CONCEPTUALIZED: AVIATION, DEFENSE APPLICATIONS, MARKETING COMMUNICATIONS, AND TELECOMMUNICATIONS. THESE GROUPS ARE CRITICAL TO THE ALLIANCE ACHIEVING THEIR MISSION AS THEY ARE WHERE ALL OF THE WORK IS DONE ON WHITE PAPERS, CASE STUDIES, REGULATORY GUIDANCE, ETC. TO ADVANCE THE ADOPTION OF HAPS TECHNOLOGY. IN 2023, THE ALLIANCE PREPARED TO ATTEND ONE OF THE LARGEST TECHNOLOGY CONFERENCES IN THE WORLD, MOBILE WORLD CONGRESS. THIS EVENT WAS HELD IN EARLY 2024 BUT MUCH OF THE WORK TOOK PLACE IN 2023. THIS INCLUDES ORGANIZING A HAPS ALLIANCE PANEL, COORDINATING OTHER SPEAKING OPPORTUNITIES, AND HOSTING A RECEPTION WITH A MEMBER ORGANIZATION.

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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 $0

Program Service Revenue $458,667

Investment Income $0

Other Revenue $0

TOTAL REVENUE $458,667

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $513,918

TOTAL EXPENSES $513,918

Year-over-Year Comparison

	2023	2022	Change
Revenue	$458,667	$497,444	-0.1%
Expenses	$513,918	$443,820	+0.2%
Net Income	$-55,251	$53,624	-2.0%

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
KEN RIORDAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
GREGORY EWERT	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
RUSS VAN DER WERFF	TREASURER/SECRETARY	5.00	Officer Director	$0	$0	$0
CHRIS MCLAUGHLIN	SECRETARY (THRU NOV 2023)	5.00	Officer Director	$0	$0	$0
MICHAEL CROSS	DIRECTOR	5.00	Director	$0	$0	$0
KANIZ MAHDI	DIRECTOR	5.00	Director	$0	$0	$0
AYAKO SATO	DIRECTOR	5.00	Director	$0	$0	$0
KEN HICKS	DIRECTOR	5.00	Director	$0	$0	$0
FATEMA HAMDANI	DIRECTOR	5.00	Director	$0	$0	$0
JEFF SMITH	DIRECTOR (FROM NOV 2023)	5.00	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	$458,667	$513,918	$527,915	$-55,251
2022	$497,444	$443,820	$569,002	$53,624
2021	$423,770	$334,221	$510,855	$89,549

HIGH ALTITUDE PLATFORM STATION ALLIANCE INC