HUGS FOUNDATION INC (EIN 582673458) - 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

2003

Legal Domicile

Phone

5852441000

Tax Period

2023-01-01 to 2023-12-31

HUGS FOUNDATION INC, founded in 2003, is a small nonprofit in the International Affairs sector that reported $639K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $297K, a strong 46% operating margin.

Mission

TO PROVIDE FUNDING FOR TEAMS OF VOLUNTEER MEDICAL PROFESSIONALS WHICH PERFORM FREE SURGERIES TO CHILDREN AND ADOLESCENTS SUFFERING FROM DEFORMITIES OR CONDITIONS THAT CAN BE REMEDIED THROUGH PLASTIC SURGERY.

🔒

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 $249,869

Program Service Revenue $0

Investment Income $62,553

Other Revenue $326,240

TOTAL REVENUE $638,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $101,380

Fundraising Expenses $8,986

Program Expenses $199,525

Other Expenses $240,590

TOTAL EXPENSES $341,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$638,662	$552,364	+0.2%
Expenses	$341,970	$315,704	+0.1%
Net Income	$296,692	$236,660	+0.3%

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

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

$77,000

Total Directors

$77,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIM PALUMBO	Executive Dir.	40.00	Officer Director	$77,000	$0	$77,000
VITO QUATELA MD	President & CEO	0.00	Officer Director	$0	$0	$0
DAVID DIPROSA	Director	0.00	Director	$0	$0	$0
MATTHEW MORENO	Director	0.00	Director	$0	$0	$0
DAVID LIEBERMAN	Director	0.00	Director	$0	$0	$0
AL CAMPAGNA	Director	0.00	Director	$0	$0	$0
DOUG EMBLIDGE	Director	0.00	Director	$0	$0	$0
BONNIE PORTER	Director	0.00	Director	$0	$0	$0
CATHY KAMEN RYAN	Director	0.00	Director	$0	$0	$0
ELLEN LYNCH	Director	0.00	Director	$0	$0	$0
GREGORY CUVELIER	Director	0.00	Director	$0	$0	$0
MARILYNN GARBARINO	Director	0.00	Director	$0	$0	$0
STEVEN PHILLIPS	Director	0.00	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
2024	No data	No data	No data	No data
2023	$638,662	$341,970	$2,663,737	$296,692
2022	$552,364	$315,704	$2,192,110	$236,660
2021	$758,032	$180,613	$2,096,241	$577,419
2020	$487,282	$118,303	$1,510,717	$368,979
2019	$510,565	$236,498	$1,135,842	$274,067
2018	$456,517	$233,544	$851,003	$222,973

HUGS FOUNDATION INC