HI-TECH CHARITIES

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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

2001

Legal Domicile

Phone

3143895737

Tax Period

2023-01-01 to 2023-12-31

HI-TECH CHARITIES, founded in 2001, is a community nonprofit in the Education sector that reported $1.2M in total revenue in fiscal year 2023. Revenue fell 59% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 50% operating deficit.

Mission

Hi-Tech Charities empowers low income and at risk individual families in the community through quality healthcare education economic development. In 2020 during the COVID-19 pandemic Hi-Tech Charities continued its mission.

Program Service Accomplishments

Program 1

Expenses: $1,357,790 Revenue: $525,000

Hi-Tech Charities delivers Mental Behavioral Health Substance Use Disorder SUD Recovery Support Services and integrated primary care services to youth children adults and family well-being. Help...

Hi-Tech Charities delivers Mental Behavioral Health Substance Use Disorder SUD Recovery Support Services and integrated primary care services to youth children adults and family well-being. Help victims of abuse and strengthen individuals and families by providing recovery support services for adults suffering from mental illness and addictions. These programs are offered in diverse locations. The organization exceeded its goal. Hi-Tech Charities HTC served 597 unduplicated CCBHC consumers 431 adults and 166 children under un-insured health and co-occurring medical disorder this amounted to 99.5% of projected project performance outcome. In counting all clients served and just the ones receiving services provided and counted under toward the goal HTCs total number of all clients served was 652. This amounts to 108.66% of projected project performance outcome.

Program 2

Expenses: $450,000 Revenue: $450,000

Hi-Tech Charities goals of providing evidence-based models of care to individuals with Opioid Use Disorder OUD using Medication Assisted Treatment MAT assessment screening and treatment is ongoing...

Hi-Tech Charities goals of providing evidence-based models of care to individuals with Opioid Use Disorder OUD using Medication Assisted Treatment MAT assessment screening and treatment is ongoing. The company has served 284 individuals of all demographics in both urban and rural communities.

Program 3

Expenses: $0 Revenue: $252,909

Hi-Tech Charities continue providing services for In-Home Consumer Directed Services and Home Care clients. These services are provided in clients homes. Clients continue to express a desire to...

Hi-Tech Charities continue providing services for In-Home Consumer Directed Services and Home Care clients. These services are provided in clients homes. Clients continue to express a desire to remain in their own home and are glad for caregivers providing approved care plan services such as activities of daily living homemaker chore transportation. etc.

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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 $981,822

Program Service Revenue $252,909

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,234,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $620,463

Fundraising Expenses $17,999

Program Expenses $1,807,790

Other Expenses $1,228,817

TOTAL EXPENSES $1,849,280

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,234,731	$3,004,059	-0.6%
Expenses	$1,849,280	$1,875,613	0.0%
Net Income	$-614,549	$1,128,446	-1.5%

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

Total Directors

Key Employees

$245,286

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
Justice	Board President	Officer	$0	$0	$0
Stella	Secretary	Officer	$0	$0	$0
Leonard	member	Officer	$0	$0	$0
Laronda	member	Officer	$0	$0	$0
Francis	company president	Key Emp	$130,499	$0	$130,499
Barbara	Vice President of Operations	Key Emp	$49,538	$0	$49,538
Chidimma	Vice President of Programs	Key Emp	$65,249	$0	$65,249

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	No data	No data	No data	No data
2023	$1,234,731	$1,849,280	$3,797,788	$-614,549
2022	$3,168,197	$2,193,052	$4,540,284	$975,145
2021	$2,946,711	$1,681,826	$4,192,026	$1,264,885
2020	$356,973	$312,484	$2,326,905	$44,489