HGTC INC (EIN 853370783) - 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

CHAD PITTMAN

Phone

7655883489

Tax Period

2023-01-01 to 2023-12-31

Mission

TO ENHANCE AWARENESS AND TO INCREASE THE RESOURCES AVAILABLE FOR EXPANSION OF RESEARCH AND DEVELOPMENT IN THE HYPERSONIC GROUND TESTING INDUSTRY IN ORDER TO FOSTER ECONOMIC DEVELOPMENT AND TO POSITION HGTC, INC. AND ITS MEMBERS AS GLOBAL LEADERS IN DEFENSE, HYPERSONIC, AIR BREATHING REUSABLE ENGINES AND AIRCRAFT, AND AIRFRAME TESTING AND TO ENCOURAGE AND PROMOTE THE BUSINESS INTERESTS OF THESE INDUSTRIES AS A WHOLE.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $21,824

TOTAL EXPENSES $21,824

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$150,000	-1.0%
Expenses	$21,824	$958,404	-1.0%
Net Income	N/A	$-808,404	N/A

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
DAVID COOPER	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN HIBBELN	VICE CHAIRPE	10.00	Officer Director	$0	$0	$0
CHAD PITTMAN	CHAIRPERSON	15.00	Officer 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	No data	$21,824	$539,550	No data
2022	$150,000	$958,404	$543,235	$-808,404
2021	$389,550	$8,637	$390,460	$380,913

HGTC INC