Quick charity verification for Hasc Transportation Corp (EIN: 113387005)
Verdict: Hasc Transportation Corp has notable concerns
35/100Mission Score
$2.0MRevenue
$211KAssets
4Red Flags
2Strengths
Red Flags
Persistent negative net assets (e.g., -$11,899 in 2023, -$29,529 in 2022), indicating liabilities exceed assets.
Consistent deficit spending where expenses frequently exceed revenue (e.g., 2022 expenses $1,265,515 vs. revenue $1,037,415).
Significant fluctuations in assets, including a sharp drop from $562,604 in 2018 to negative values in recent years.
High liabilities relative to assets in recent periods (e.g., 2023 liabilities $184,255 vs. assets $-11,899).
Strengths
Consistent reporting of 0% officer compensation, suggesting a potentially volunteer-driven executive team or highly efficient compensation structure.
Long filing history (13 filings), indicating consistent compliance with IRS reporting requirements.
Spending Breakdown
How Hasc Transportation Corp allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Hasc Transportation Corp
Is Hasc Transportation Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, Hasc Transportation Corp (EIN: 113387005) has notable concerns. Mission Score: 35/100. 4 red flags identified, 2 strengths noted.
Is Hasc Transportation Corp a good charity to donate to?
Hasc Transportation Corp has a Mission Score of 35/100. Revenue: $2.0M. Assets: $211K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hasc Transportation Corp?
The Employer Identification Number (EIN) for Hasc Transportation Corp is 113387005. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Hasc Transportation Corp spend its money?
Hasc Transportation Corp allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hasc Transportation Corp's tax-exempt status?
You can verify Hasc Transportation Corp's tax-exempt status using EIN 113387005 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Hasc Transportation Corp exhibits a concerning financial trend with persistent negative net assets in recent years, reaching -$11,899 in 2023 and -$29,529 in 2022. This indicates that liabilities exceed assets, which is a significant red flag for financial stability. While the organization's revenue has fluctuated, it has generally been around $1 million to $1.4 million in recent periods, with expenses often exceeding revenue, as seen in 2022 ($1,037,415 revenue vs. $1,265,515 expenses). This consistent deficit spending is unsustainable.
The organization reports 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or that executive compensation is not reported in this section, requiring further investigation. The NTEE code P52 (Transportation, Travel & Commuting) indicates a focus on providing transportation services, which aligns with its name. However, the lack of detailed expense breakdowns in the provided data makes it difficult to assess spending efficiency beyond the overall revenue-expense relationship.
Overall, Hasc Transportation Corp's financial health appears precarious due to recurring negative net assets and a pattern of expenses exceeding revenue. While the absence of reported officer compensation is notable, the fundamental financial instability overshadows this positive aspect. Improved financial management to achieve positive net assets and consistent operating surpluses is crucial for long-term viability.