Hugs Child Care Inc

EIN: 760642966 501(c)(3)

Conroe, TX

Total Revenue
$627,679
Total Expenses
$481,310
Total Assets
$250,277
Net Assets
$250,277
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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
2008
Legal Domicile
TX
Principal Officer
Marsha Gail Parker
Phone
9363214389
Tax Period
2022-01-01 to 2022-12-31

Hugs Child Care Inc, founded in 2008, is a small nonprofit that reported $628K in total revenue in fiscal year 2022. Revenue surged 160% from the prior year, signaling strong growth momentum. The organization ran a surplus of $146K, a strong 23% operating margin.

Mission

The taking Care of Children with educational teaching while parents are at work . We serve a average of 75 children over the Last year.

Program Service Accomplishments

Program 1
Expenses: $468,589 Revenue: $546,484

Revenue and Expenses are used for the care and the education of Children while parents are working. We subsidize amounts as parents have the ability to pay.

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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 $0
Program Service Revenue $627,596
Investment Income $83
Other Revenue $0
TOTAL REVENUE $627,679

Expense Breakdown

Grants Paid $1,852
Salaries & Benefits $326,575
Fundraising Expenses $0
Program Expenses $468,589
Other Expenses $152,883
TOTAL EXPENSES $481,310

Year-over-Year Comparison

2022 2021 Change
Revenue $627,679 $241,797 +1.6%
Expenses $481,310 $361,776 +0.3%
Net Income $146,369 $-119,979 -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
4
Independent Members
4
Employees
18
Volunteers
4

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
2
$83,538
Total Directors
4
$137,059
Key Employees
2
$83,538
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Marsha Gail Parker President 40.00
Officer Director Key Emp Highest
$42,000 $0 $42,000
Allen Parker Vice President 20.00
Officer Director Key Emp
$41,538 $0 $41,538
Allysa Dorman Secretary 40.00
Director
$24,727 $0 $24,727
Karon Haneline Teacher 40.00
Director
$28,794 $0 $28,794
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
2022 $627,679 $481,310 $250,277 $146,369
2021 $241,797 $361,776 $103,908 $-119,979
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