HIGGINS BROTHERS SURGICENTER FOR HOPE LLC (EIN 820991622) - 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

2017

Legal Domicile

Principal Officer

EDWARD F HIGGINS JR

Phone

8168304179

Tax Period

2024-01-01 to 2024-12-31

HIGGINS BROTHERS SURGICENTER FOR HOPE LLC, founded in 2017, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 94% from the prior year, signaling strong growth momentum. The organization ran a surplus of $577K, a strong 27% operating margin.

Mission

RAISE FINANCIAL RESOURCES TO DEVELOP A LONG TERM SOLUTION TO ADDRESS THE CRITICAL SHORTAGE OF MEDICAL AND SURGICAL FACILITIES AND TRAINED MEDICAL PERSONNEL IN HAITI

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,970,992

Program Service Revenue $0

Investment Income $15,319

Other Revenue $168,253

TOTAL REVENUE $2,154,564

Expense Breakdown

Grants Paid $1,472,595

Salaries & Benefits $0

Fundraising Expenses $23,919

Program Expenses $1,518,927

Other Expenses $90,653

TOTAL EXPENSES $1,577,808

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,154,564	$1,111,251	+0.9%
Expenses	$1,577,808	$2,355,585	-0.3%
Net Income	$576,756	$-1,244,334	-1.5%

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
GARY A ANDERSON	DIRECTOR	0.20	Director	$0	$0	$0
BARBARA BROWN	TREASURER	0.25	Officer Director	$0	$0	$0
STEPHEN COLLINS	DIRECTOR	0.10	Director	$0	$0	$0
JAN CREIDENBERG	DIRECTOR	0.10	Director	$0	$0	$0
GREGG GIMLIN	DIRECTOR	0.25	Director	$0	$0	$0
KEN HAGEMAN	DIRECTOR	0.10	Director	$0	$0	$0
EDWARD F HIGGINS JR	PRESIDENT	25.00	Officer Director	$0	$0	$0
EDWARD F HIGGINS III	DIRECTOR	0.50	Director	$0	$0	$0
RP HIGGINS	SECRETARY	0.25	Officer Director	$0	$0	$0
BURNEY MILLER MD	VICE PRESIDENT	0.10	Officer Director	$0	$0	$0
JAMES STOWERS	DIRECTOR	0.10	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
2025	No data	No data	No data	No data
2024	$2,154,564	$1,577,808	$436,975	$576,756
2023	$1,111,251	$2,355,585	$359,816	$-1,244,334
2022	$2,035,821	$1,753,279	$604,150	$282,542
2021	$1,100,039	$1,193,807	$321,609	$-93,768
2020	$898,227	$652,532	$415,377	$245,695

HIGGINS BROTHERS SURGICENTER FOR HOPE LLC