HEMP INNOVATIONS FOUNDATION

EIN: 861794881 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$36
Total Expenses
$247
Total Assets
$20,689
Net Assets
$20,689
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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
2021
Legal Domicile
DE
Principal Officer
Geoff Whaling
Phone
2027063911
Tax Period
2023-01-01 to 2023-12-31

HEMP INNOVATIONS FOUNDATION, founded in 2021, is a micro nonprofit in the Education sector that reported $36 in total revenue in fiscal year 2023. Revenue fell 100% from the prior year — a significant decline worth monitoring. Expenses of $247 exceeded revenue, resulting in a 586% operating deficit.

Mission

The organization's primary purpose is to produce scientific and educational progress around the production and manufacturing of hemp and hemp products

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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 $36
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $36

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $247
TOTAL EXPENSES $247

Year-over-Year Comparison

2023 2022 Change
Revenue $36 $30,050 -1.0%
Expenses $247 $15,107 -1.0%
Net Income $-211 $14,943 -1.0%
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

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Governance

Voting Members
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$7,500
Total Directors
1
$108,460
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Erica Mcbride Executive Director 3
Director
$0 $0 $108,460
Alex Seleznov Treasurer 1
Officer
$0 $0 $7,500
Geoff Whaling Chairman 3
Officer
$0 $0 $0
Faye Coleman Secretary 1
Officer
$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 $36 $247 $20,689 $-211
2022 $30,050 $15,107 $20,900 $14,943
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