HIGH ALTITUDE PLATFORM STATION ALLIANCE INC (EIN 850677780) - 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

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 HAPS ALLIANCE WILL ENCOURAGE COLLABORATION AMONG PLAYERS IN THIS ARRAY OF INDUSTRIES. THEIR OBJECTIVE: TO RESEARCH, DEVELOP, AND LAUNCH A ROBUST, INTEROPERABLE ECOSYSTEM OF HAPS TECHNOLOGIES TO BENEFIT PEOPLE AND INDUSTRIES GLOBALLY.

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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