HAPTICS INDUSTRY FORUM INC

EIN: 863928499 Community Improvement

BEAVERTON, OR

Total Revenue
$3,135
Total Expenses
$273
Total Assets
$15,177
Net Assets
$2,862
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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
ROBERT DESAUTELS
Phone
5036190505
Tax Period
2021-01-01 to 2021-12-31

HAPTICS INDUSTRY FORUM INC, founded in 2021, is a micro nonprofit in the Community Improvement sector that reported $3K in total revenue in fiscal year 2021. The organization ran a surplus of $3K, a strong 91% operating margin.

Mission

HIF MEMBERS WORK TOGETHER TO CREATE AND SUPPORT STANDARDS IN VARIOUS WAYS THROUGH QUALITY AND PERFORMANCE METRICS, APIS, CODECS, AND MORE. WE BELIEVE THAT WELL-DEFINED STANDARDS ENABLE A FUTURE OF RICH DIGITAL CONTENT THAT YOU CAN EXPERIENCE THROUGH TOUCH.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,135
Investment Income $0
Other Revenue $0
TOTAL REVENUE $3,135

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Other Expenses $273
TOTAL EXPENSES $273

Year-over-Year Comparison

2021 2020 Change
Revenue $3,135 N/A N/A
Expenses $273 N/A N/A
Net Income $2,862 N/A 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

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Governance

Voting Members
5
Independent Members
5
Employees
N/A
Volunteers
5

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
2
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT DESAUTELS PRESIDENT 5.00
Officer Director
$0 $0 $0
YESHWANT MUTHUSAMY TREASURER 5.00
Officer Director
$0 $0 $0
ELISA SANTELLA DIRECTOR 5.00
Director
$0 $0 $0
TIM SZETO DIRECTOR 5.00
Director
$0 $0 $0
ERIC VEZZOLI DIRECTOR 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
2021 $3,135 $273 $15,177 $2,862
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