Hatc Foundation
Nonprofit profile at a glance
- EIN
- 823980815
- IRS 990 coverage
- 2025–2025
- Forms available
- Form 990 2025, Form 990-EZ 2024, Form 990-N 2017
- Location
- Austin, TX, USA
- Phone
- 5128544771
- Rating
- 64
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
Reported finances
- Revenue
- $220,096
- Expenses
- $239,784
- Assets
- $91,674
- Liabilities
- $15,948
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Patrick Howard (President & CEO)
- Cora Thomas (Deputy Executive Director)
Highest reported compensation
- Patrick Howard (President & CEO): $270,246 total reported compensation
- Subra Narayanaiyer (Director of Finance): $134,400 total reported compensation
- Cora Thomas (Deputy Executive Director): $100,355 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide HATC residents and clients with crucial services, including an annual scholarship, workforce development initiatives, and childhood development programming. We engage our elderly residents in social activities and an on-site Farmers Market, and have provided Health Screening for all communities. We collaborate with an array of local agencies to provide resources that improve quality of life and promote self-sufficiency
What it reported doing in 2025
Resident outreach - including opportunities for job training, financial literacy, parenting and child care, elderly care, elderly social activities, relocation assistance, and after school activities
Operating model
- Revenue model
- Affiliate-supported. 90% of the money available for current operations came from contributions from related organizations.
- 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
SUPPORTED - The filed numbers largely add up and most voting board members are independent. A relatively small share of total spending goes to programs and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 53
- Transparency & Controls: 66
- Accountability: 95
- Sustainability: 17
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 61%; rating input score 61
- Program expense ratio: 56%; rating input score 56
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th 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: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -8.9%; rating input score 20; 20th percentile among comparable filings
- Total-asset coverage ratio: 0.38; rating input score 20; 20th percentile among comparable filings
- Liabilities to assets ratio: 0.17; rating input score 18; 18th percentile among comparable filings
- Officer compensation ratio: Limited
Growth
- Program expense growth: Limited
- Revenue growth: 24% per year; rating input score 100; 89th percentile among comparable filings
- Asset growth: 9.8% per year; rating input score 100; 62nd percentile among comparable filings
Details
- Where the money goes: 61% of revenue deployed · 56% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $134K in reported program spending
- Leadership: top reported pay $270K · 8 people listed · 1 of 6 pay-setting controls reported
- Consistency: 15 of 15 current checks pass
- Schedules: 4 filed schedules · includes executive pay
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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.
- Review — Financial Efficiency: Program expense ratio scored 56/100.
- High — Sustainability: Operating margin scored 20/100.
- High — Sustainability: Total-asset coverage ratio scored 20/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 18/100.