The Hetrick-martin Institute Inc

Nonprofit profile at a glance

EIN
133104537
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
New York, NY, USA
Phone
2126742600
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy

Reported finances

Revenue
$9,803,094
Expenses
$10,106,077
Assets
$18,020,387
Liabilities
$16,776,177

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

Leadership & pay

29 people listed

Executive titles in this filing

  • AMY HARCLERODE (CEO)

Highest reported compensation

  • AMY HARCLERODE (CEO): $276,698 total reported compensation
  • BRIDGET HUGHES (CPO): $214,168 total reported compensation
  • STACY ROGER-GORDON (SDHRO): $180,180 total reported compensation

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

Overview

Mission

The hetrick-martin institute believes all young people, regardless of sexual orientation or gender identity, deserve a safe and supportive environment to achieve their full potential. Hmi creates this environment for lgbtq youth between the ages of 13 and 24 and their families. Through a comprehensive package of direct services and referrals, hmi seeks to foster healthy youth development. Hmi's staff promotes excellence in the delivery of youth services and uses its expertise to create innovative programs that other organizations may use as models.

What it reported doing in 2024

Oldest non-profit agency serving lesbian, gay, bisexual, transgender and questioning (lgbtq) young people for more than 40 years. During fy23, hmi serviced more than 2000 youth members and their families from the five boroughs of New York city and beyond. Those members received services on a continuum ranging from individual counseling and case management services, other mental health services such as support groups and psychiatric services, academic support programs, expanded learning time and out of school programming, job readiness programs and paid internships, health education and pregnancy prevention, HIV prevention, testing and linkage to care, as well as community education and outreach activities, including street outreach to youth experiencing homelessness, and outreach efforts to support covid testing and vaccine initiatives and to distribute ppe and information. Hmi also provides hot meals to lgbtqia+ youth. Hmi headquarters are located in New York city. While all programs are offered in-person, when necessary, hmi has provided continuous care and services to youth via telehealth platforms an implemented a full continuum of virtual, online programs using video conferencing services and online chat rooms.

Operating model

Revenue model
Mixed. Its operating money came from several sources; no one source provided a clear majority.
Distribution model
Direct operator. The filing allocates 98% 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. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 83
  • Accountability: 100
  • Sustainability: 32
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78%; rating input score 78
  • Program expense ratio: 75.6%; rating input score 76
  • Fundraising efficiency: $7.99 raised per $1 spent on fundraising; rating input score 30; 30th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -3.1%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 1.78; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.93; rating input score 7; 7th percentile among comparable filings
  • Officer compensation ratio: 12.6%; rating input score 23; 23rd percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: 14.1% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 78% of revenue deployed · 75.6% of spending went to programs
  • Governance: 22 of 22 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $7.6M in reported program spending
  • Leadership: top reported pay $277K · 29 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 4 contractors listed · $825K reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 16 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 7 filed money-flow records
  • 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 — Financial Efficiency: Fundraising efficiency scored 30/100.
  • High — Sustainability: Operating margin scored 24/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Liabilities to assets ratio scored 7/100.
  • High — Sustainability: Officer compensation ratio scored 23/100.