HUGS FOR BRADY FOUNDATION

EIN: 273921673 501(c)(3) Diseases & Disorders

KENDALL PARK, NJ

Total Revenue
$169,555
Total Expenses
$148,103
Total Assets
$208,134
Net Assets
$54,876
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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
2010
Legal Domicile
NJ
Principal Officer
SHERRIE WELLS
Phone
7326595119
Tax Period
2022-07-01 to 2023-06-30

HUGS FOR BRADY FOUNDATION, founded in 2010, is a small nonprofit in the Diseases & Disorders sector that reported $170K in total revenue in fiscal year 2022. Revenue decreased 7% compared to the prior year. Expenses of $148K left a modest 13% surplus.

Mission

TO RAISE AWARENESS AND MONEY FOR CHILDHOOD CANCER.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $169,389
Program Service Revenue $0
Investment Income $166
Other Revenue $0
TOTAL REVENUE $169,555

Expense Breakdown

Grants Paid $24,000
Salaries & Benefits $0
Fundraising Expenses $6,685
Program Expenses $75,066
Other Expenses $124,103
TOTAL EXPENSES $148,103

Year-over-Year Comparison

2022 2021 Change
Revenue $169,555 $181,587 -0.1%
Expenses $148,103 $199,574 -0.3%
Net Income $21,452 $-17,987 -2.2%
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

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Governance

Voting Members
6
Independent Members
5
Employees
N/A
Volunteers
125

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
3
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SHERRIE WELLS PRESIDENT 40.00
Officer Director
$0 $0 $0
MICHAEL WELLS SECRETARY 5.00
Officer Director
$0 $0 $0
KELLIE BROCKMAN TREASURER 2.00
Officer Director
$0 $0 $0
BERT BARON TRUSTEE 1.00
Director
$0 $0 $0
BERT MANDELBAUM TRUSTEE 1.00
Director
$0 $0 $0
TOM MORRIS TRUSTEE 1.00
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
2023 $169,555 $148,103 $208,134 $21,452
2022 $181,587 $199,574 $216,642 $-17,987
2021 $266,905 $322,100 $240,632 $-55,195
2020 $367,657 $504,950 $164,652 $-137,293
2019 $930,078 $1,003,712 $265,972 $-73,634
2018 $980,481 $919,433 $372,398 $61,048
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