HIAS ECONOMIC ADVANCEMENT FUND INC (EIN 880984307) - 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

2022

Legal Domicile

Principal Officer

PHILLIP BAILEY

Phone

3018447300

Tax Period

2023-10-01 to 2024-09-30

HIAS ECONOMIC ADVANCEMENT FUND INC, founded in 2022, is a small nonprofit in the Community Improvement sector that reported $594K in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

SEE PART III, LINE 1.

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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 $526,061

Program Service Revenue $67,892

Investment Income $23

Other Revenue $0

TOTAL REVENUE $593,976

Expense Breakdown

Grants Paid $18,000

Salaries & Benefits $424,134

Fundraising Expenses $22,338

Program Expenses $539,281

Other Expenses $207,731

TOTAL EXPENSES $649,865

Year-over-Year Comparison

	2023	2022	Change
Revenue	$593,976	$703,628	-0.2%
Expenses	$649,865	$188,321	+2.5%
Net Income	$-55,889	$515,307	-1.1%

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

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

$128,208

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICIA WRENN	CHAIR	4.00	Officer Director	$0	$0	$0
BILL ABRAMS	TREASURER, (UNTIL 6/9/2024)	1.00	Officer Director	$0	$0	$0
ADINA ABRAMOWITZ	SECRETARY (UNTIL 12/14/2023)	1.00	Officer Director	$0	$0	$0
TAMRA THETFORD	SECRETARY	1.00	Officer Director	$0	$0	$0
GREG MIKULKA	DIRECTOR	1.00	Director	$0	$0	$0
TITI IKHILE	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA JOSEPH	DIRECTOR (FROM 8/7/2024)	1.00	Director	$0	$0	$0
PHILLIP BAILEY	DIRECTOR	35.00	Officer	$96,256	$31,952	$128,208

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	$593,976	$649,865	$1,024,263	$-55,889
2023	$703,628	$188,321	$598,517	$515,307

HIAS ECONOMIC ADVANCEMENT FUND INC