Habtech Solutions Inc

EIN: 931802956 501(c)(3)

Burke, VA

Total Revenue
$3,164,750
Total Expenses
$1,588,106
Total Assets
$1,582,822
Net Assets
$1,582,822
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2024
Legal Domicile
VA
Principal Officer
Hibret A Tilahun
Tax Period
2024-01-01 to 2024-12-31

Habtech Solutions Inc, founded in 2024, is a community nonprofit that reported $3.2M in total revenue in fiscal year 2024. The organization ran a surplus of $1.6M, a strong 50% operating margin.

Mission

To empower underserved communities in the U.S. and globally by leveraging cutting-edge technology, targeted capacity-building, and inclusive development strategies.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $3,164,372
Program Service Revenue $0
Investment Income $378
Other Revenue $0
TOTAL REVENUE $3,164,750

Expense Breakdown

Grants Paid $1,411,925
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,588,106
Other Expenses $176,181
TOTAL EXPENSES $1,588,106

Year-over-Year Comparison

2024 2023 Change
Revenue $3,164,750 N/A N/A
Expenses $1,588,106 N/A N/A
Net Income $1,576,644 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

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Liquidity & Cash Position

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Governance

Voting Members
7
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
1
$0
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Asraties Teferra COO 020.00
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
2025 No data No data No data No data
2024 $3,164,750 $1,588,106 $1,582,822 $1,576,644
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