HATSOFF Holdings Incorporated Honoring All The Sacrifices of Freedom Fighters

Nonprofit profile at a glance

EIN
882994155
IRS 990-EZ coverage
2022–2022
Forms available
Form 990-EZ 2022
Location
Taylor, MI, USA
Phone
3134433529
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Centers to Support the Independence of Specific Populations

Official website

Reported finances

Revenue
$76,691
Expenses
$30,849
Assets
$197,372
Liabilities
$96,927

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Amounts in USD.

Leadership & pay

9 people listed

Executive titles in this filing

  • Andrew Ace Linares (Executive Director)
  • Wesley Gideon (Deputy Executive Director)

People named in this filing

  • Andrew Ace Linares (Executive Director)
  • Wesley Gideon (Deputy Executive Director)
  • Darren Leis (Operations Director)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2022. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Our mission is to integrate cutting-edge technology with a wide range of support services to empower veterans. Through the Valor-Guard Initiative and our extensive resources, we aim to provide a holistic approach to veteran transition. Our focus is on proactive support for every veteran's journey, emphasizing mental health, suicide prevention, and community reintegration, demonstrating our unwavering commitment to their success and well-being. Additionally, we engage in any activities permitted by federal and state law to support services that enhance veterans' independence and quality of life.

What it reported doing in 2022

Program Achievement: Google Career Scholarships As part of our ongoing commitment to empower veterans through education and career advancement, we provide 500 Google Career Scholarships annually. These scholarships focus on enhancing digital skills, offering veterans the opportunity to gain expertise in high-demand areas such as IT support, data analytics, project management, and user experience design. By equipping veterans with these valuable skills, we facilitate their successful reintegration into the civilian workforce, contributing to their long-term career growth and independence. This initiative underscores our dedication to improving the quality of life for veterans through education and professional development

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filed totals do not add up and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 76
  • Transparency & Controls: 82
  • Sustainability: 77
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 61.8%; rating input score 62
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 59.8%; rating input score 93; 93rd percentile among comparable filings
  • Total-asset coverage ratio: 6.4; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 0.49; rating input score 9; 9th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 61.8% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 5 filed program accomplishments · $47K in reported program spending
  • Leadership: top reported pay $0 · 9 people listed
  • Consistency: 8 of 9 current checks pass · 1 finding to review
  • Schedules: 2 filed schedules
  • Contacts: How to reach this organization
  • 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.

  • Moderate — Transparency & Controls: Part III program expenses within total did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 9/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.