HED Group Inc

EIN: 814405994 501(c)(3) Community Improvement

Tuscaloosa, AL

Total Revenue
$1,109,129
Total Expenses
$546,402
Total Assets
$630,459
Net Assets
$630,459
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2016
Legal Domicile
AL
Principal Officer
Kenneth Hobbs
Phone
2053747992
Tax Period
2023-01-01 to 2023-12-31

HED Group Inc, founded in 2016, is a small nonprofit in the Community Improvement sector that reported $699K in total revenue in fiscal year 2022. Expenses of $631K left a modest 10% surplus.

Mission

The charity rasises money to be distributed by the Greene County Sherriff's office to organization for the public benefit.

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Trantor Score

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $1,109,129
TOTAL REVENUE $1,109,129

Expense Breakdown

Grants Paid $546,402
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $546,402
Other Expenses $0
TOTAL EXPENSES $546,402

Year-over-Year Comparison

2023 2022 Change
Revenue $1,109,129 $698,907 +0.6%
Expenses $546,402 $631,175 -0.1%
Net Income $562,727 $67,732 +7.3%
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

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Governance

Voting Members
2
Independent Members
2
Employees
45
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
2
$0
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kenneth Hobbs President 25.00
Officer Director
$0 $0 $0
Calvin Hobbs Secretary Treasurer 20.00
Officer 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 $1,109,129 $546,402 $630,459 $562,727
2022 $698,907 $631,175 $314,876 $67,732
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