Hanac Inc

Nonprofit profile at a glance

EIN
112290832
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Astoria, NY, USA
Phone
2128408005
Rating
84
Verdict
STRONG
Rating confidence
Standard
Sector
Civil Rights

Official website

Reported finances

Revenue
$24,460,845
Expenses
$20,204,268
Assets
$32,952,149
Liabilities
$16,463,838

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

15 people listed

Executive titles in this filing

  • NICHOLAS TJARTJALIS (VICE PRESIDENT)
  • TAMMY BERENTSON (INTERIM CHAIRMAN/PRESIDENT)
  • STACY BLIAGOS (EXECUTIVE DIRECTOR)

Highest reported compensation

  • STACY BLIAGOS (EXECUTIVE DIRECTOR): $200,595 total reported compensation
  • LOLA MAROULIS (CFO): $196,482 total reported compensation
  • ANDREA JERVES (DIRECTOR OF PROGRAMS & DEVELOPMENT): $155,164 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To develop, implement and administer various services for the betterment of the general community including social, educational, employment training, mental health, cultural, child care, housing, home care for senior citizens, and youth services, to any and all who are needy without discrimination as to race, creed, national origin or other defining characteristic, and to work closely with other service providers, the city, state and federal government for the betterment of the community.

What it reported doing in 2024

Adult literacy program:- we offer english as a second language classes at 3 sites two times a week for 3 hours each. These classes are for non- english speaking people. English for speakers of other languages classes are designed for immigrants seeking to improve their abilities to speak, understand, read and write the english language, classes are offered at the beginning, intermediate, and advanced levels.- we offer adult basic education classes for adults who are proficient in english, but want to improve their basic reading, writing, and math skills and high school equivalency preparation classes to students who want to improve their reading, writing and math skills through the content areas of science, social studies and literature as examined on the high school equivalency exam. These classes are for people who had dropped out of high school and never received their high school diploma and who are attending these classes to prepare themselves to take the high school equivalency exam, pass the test and obtain their high school equivalency diploma. We offer these classes at 3 sites three times a week for 3 hours each.workforce innovation and opportunity act:- we have 10 english for speakers of other languages classes offering beginner to advanced levels and 5 adult basic education classes and high school equivalency preparation classes. - we service a total of 385 students which includes 160 adult basic education classes and high school equivalency preparation classes students and 225 english for speakers of other languages classes.adult literacy education:- we have 9 english for speakers of other languages classes offering beginner to advanced levels and 1 computer class. We service 270 students.department of youth and community development :- we have 8 english for speakers of other languages classes offering beginner to advanced levels. We service 230 students.

Operating model

Revenue model
Grant-funded. 87% of the money available for current operations came from government grants.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 77
  • Transparency & Controls: 85
  • Accountability: 95
  • Sustainability: 65
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.8%; rating input score 69
  • Program expense ratio: 82.7%; rating input score 83
  • Fundraising efficiency: $2,006.14 raised per $1 spent on fundraising; rating input score 98; 98th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 17.4%; rating input score 79; 79th percentile among comparable filings
  • Total-asset coverage ratio: 1.63; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.5; rating input score 29; 29th percentile among comparable filings
  • Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings

Growth

  • Program expense growth: 6.1% per year; rating input score 100; 50th percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: 5.1% per year; rating input score 100; 36th percentile among comparable filings

Details

  • Where the money goes: 68.8% of revenue deployed · 82.7% of spending went to programs
  • Governance: 12 of 12 board members independent · 8 of 9 filing controls reported
  • Programs: 5 filed program accomplishments · $16.7M in reported program spending
  • Leadership: top reported pay $201K · 15 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $648K reported
  • Consistency: 37 of 37 current checks pass
  • Schedules: 7 filed schedules · includes major donors, executive pay, and related organizations
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 14 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 29/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.