TUGG CORP (EIN 270960868) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

JEFF FAGNAN

Phone

4019996299

Tax Period

2023-01-01 to 2023-12-31

TUGG CORP, founded in 2009, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $178K in total revenue in fiscal year 2023. Revenue surged 89% from the prior year, signaling strong growth momentum.

Mission

INNOVATIVE FUNDING AND SUPPORT FOR INDIVIDUALS AROUND ENTREPRENEURSHIP, EDUCATION AND LIFE EXPERIENCES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $178,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $178,000

Expense Breakdown

Grants Paid $166,769

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $179,162

Other Expenses $23,194

TOTAL EXPENSES $189,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$178,000	$93,951	+0.9%
Expenses	$189,963	$162,584	+0.2%
Net Income	$-11,963	$-68,633	-0.8%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH DOWNEY	SECRETARY	2.00	Officer Director	$0	$0	$0
ZOE ANETAKIS	TREASURER	2.00	Officer Director	$0	$0	$0
JEFF FAGNAN	PRESIDENT	10.00	Officer Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$178,000	$189,963	$11,351	$-11,963
2022	$93,951	$162,584	$20,539	$-68,633
2021	$272,626	$208,078	$89,997	$64,548
2020	$229,101	$393,914	$25,086	$-164,813
2019	$303,639	$273,827	$203,032	$29,812
2018	$316,115	$130,905	$202,951	$185,210

TUGG CORP