THE HUGS PROJECT INCORPORATED (EIN 352249092) - 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

2005

Legal Domicile

Tax Period

2023-07-01 to 2024-06-30

THE HUGS PROJECT INCORPORATED, founded in 2005, is a small nonprofit in the Human Services sector that reported $170K in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. The organization ran a surplus of $34K, a strong 20% operating margin.

Mission

PROVIDE SUPPORT TO THE UNITED STATES MILITARY TROOPS SERVING IN WAR ZONES BY PREPARING AND SENDING CARE PACKAGES

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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 $85,798

Program Service Revenue $56,236

Investment Income $28,030

Other Revenue $0

TOTAL REVENUE $170,064

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $2,118

Program Expenses $131,949

Other Expenses $135,738

TOTAL EXPENSES $135,738

Year-over-Year Comparison

	2023	2022	Change
Revenue	$170,064	$150,470	+0.1%
Expenses	$135,738	$139,287	0.0%
Net Income	$34,326	$11,183	+2.1%

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
KARIE SKIPPER	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
DON WALKUP	DIRECTOR AT LARGE	5.00	Director	$0	$0	$0
KAREN STARK	EXECUTIVE DIRECTOR	40.00	Director	$0	$0	$0
SHERRI WOODHAM	TREASURER	10.00	Officer	$0	$0	$0
LORI GRIFFIN	ASSISTANT TREASURER	2.00	Officer	$0	$0	$0
MARTHA DUERKSON	SECRETARY	15.00	Officer	$0	$0	$0
RAY STARK	PRESIDENT	30.00	Officer	$0	$0	$0
JULIE CITRO	VICE PRESIDENT	5.00	Officer	$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	$170,064	$135,738	$690,448	$34,326
2023	$150,470	$139,287	$653,844	$11,183
2022	$221,193	$103,006	$642,274	$118,187
2020	$290,155	$164,200	$507,117	$125,955
2020	$173,189	$159,655	$516,651	$13,534
2019	$276,666	$179,110	$503,117	$97,556
2019	$362,397	$179,110	$503,117	$183,287

THE HUGS PROJECT INCORPORATED