Haitian Association of Indiana Corp

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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

Principal Officer

Alex Duge

Phone

3175593444

Tax Period

2024-01-01 to 2024-12-31

Haitian Association of Indiana Corp is a small nonprofit in the Human Services sector that reported $254K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $226K left a modest 11% surplus.

Mission

Our mission is to promote the social well being and support the educational advancements of Haitians in Indiana, provide educational and cultural perspectives to Friends of Haiti wishing to help the Country, and share Haiti?s rich culture with the community and Friends of Haiti in Indiana.

Program Service Accomplishments

Program 1

Expenses: $103,351

Annual Haitian Flag Day Festival: All funds raised from this year's event and subsequent events will go towards supporting the formation of the Unity Community Resource Center in Central Indiana, a fully funded and fully staffed community resource center to serve the needs of the growing Haitian population in Indiana and throughout the Midwest.

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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 (2024)

Revenue Breakdown

Contributions & Grants $226,853

Program Service Revenue $0

Investment Income $0

Other Revenue $27,247

TOTAL REVENUE $254,100

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,802

Fundraising Expenses $471

Program Expenses $103,351

Other Expenses $144,398

TOTAL EXPENSES $226,200

Year-over-Year Comparison

	2024	2023	Change
Revenue	$254,100	$214,139	+0.2%
Expenses	$226,200	$236,829	0.0%
Net Income	$27,900	$-22,690	-2.2%

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

N/A

Employees

N/A

Volunteers

N/A

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
Alex Duge	Chairman	10.00	Officer Director	$0	$0	$0
Moise Duge	Vice President	10.00	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
2024	$254,100	$226,200	$42,931	$27,900
2023	$214,139	$236,829	$3,733	$-22,690