HM3 PARTNERS INDEPENDENCE FUND INC (EIN 465341326) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

PATRICK HAMPSON

Phone

4128554344

Tax Period

2023-01-01 to 2023-12-31

HM3 PARTNERS INDEPENDENCE FUND INC, founded in 2014, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $182K in total revenue in fiscal year 2023. The organization ran a surplus of $160K, a strong 88% operating margin.

Mission

COMPANY IS ENGAGED IN THE BUSINESS OF RAISING PUBLIC AND PRIVATE FUNDS AND PROVIDING FUNDING TO COMMUNITY INTERESTS THAT THE COMPANY'S BOARD OF DIRECTORS DEEMS IMPORTANT TO THE PUBLIC INTEREST AND MISSION OF THE COMPANY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $189,110

Program Service Revenue $0

Investment Income $1

Other Revenue $-7,464

TOTAL REVENUE $181,647

Expense Breakdown

Grants Paid $13,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,750

Other Expenses $8,215

TOTAL EXPENSES $21,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$181,647	$172,408	+0.1%
Expenses	$21,965	$69,446	-0.7%
Net Income	$159,682	$102,962	+0.6%

Key Indicators

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

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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
PATRICK HAMPSON	PRESIDENT/CH	N/A	Officer Director	$0	$0	$0
THOMAS MERHAUT	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
KEVIN COLBERT	DIRECTOR	N/A	Director	$0	$0	$0
LARRY RICHERT	DIRECTOR	N/A	Director	$0	$0	$0
MICHAEL YOUNG	DIRECTOR	N/A	Director	$0	$0	$0
PAUL MANGO	DIRECTOR	N/A	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	$181,647	$21,965	$303,690	$159,682
2022	$172,408	$69,446	$144,008	$102,962
2021	$219,523	$226,944	$41,046	$-7,421
2019	$382,662	$335,385	$72,374	$47,277
2018	$339,149	$335,103	$25,097	$4,046

HM3 PARTNERS INDEPENDENCE FUND INC