HAIRDAO ASSOCIATION (EIN 991129959) - 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

2023

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

HAIRDAO ASSOCIATION, founded in 2023, is a small nonprofit in the Medical Research sector that reported $738K in total revenue in fiscal year 2024. Revenue fell 78% from the prior year — a significant decline worth monitoring. Expenses of $1.5M exceeded revenue, resulting in a 106% operating deficit.

Mission

HairDAO is an open-source R&D network where patients and researchers collaborate to develop revolutionary new treatments for hair loss.

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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 $9,831

Program Service Revenue $0

Investment Income $728,594

Other Revenue $0

TOTAL REVENUE $738,425

Expense Breakdown

Grants Paid $0

Salaries & Benefits $69,260

Fundraising Expenses $0

Program Expenses $1,519,872

Other Expenses $1,450,612

TOTAL EXPENSES $1,519,872

Year-over-Year Comparison

	2024	2023	Change
Revenue	$738,425	$3,347,133	-0.8%
Expenses	$1,519,872	$346,543	+3.4%
Net Income	$-781,447	$3,000,590	-1.3%

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	Role	Reportable Comp	Other Comp	Total
ANDREW VERBINNEN	TREASURER	Officer Director	$0	$0	$0
ANDREW BAKST	PRESIDENT	Officer Director	$0	$0	$0
AONIA TRAXLER	SECRETARY	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	$738,425	$1,519,872	$2,712,092	$-781,447
2023	$3,347,133	$346,543	$3,000,590	$3,000,590

HAIRDAO ASSOCIATION