Michael C McHugh Memorial Fund (EIN 824234341) - 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

2018

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

Michael C McHugh Memorial Fund, founded in 2018, is a small nonprofit in the Human Services sector that reported $303K in total revenue in fiscal year 2023. Revenue surged 523% from the prior year, signaling strong growth momentum. The organization ran a surplus of $230K, a strong 76% operating margin.

Mission

To improve the lives of children and families that are living at or below the poverty line through donations of basic living supplies, items needed for effective learning and participation in school. The fund will also support families that have lost a child.

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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 (2023)

Revenue Breakdown

Contributions & Grants $294,205

Program Service Revenue $0

Investment Income $9,170

Other Revenue $0

TOTAL REVENUE $303,375

Expense Breakdown

Grants Paid $67,935

Salaries & Benefits $0

Fundraising Expenses $1,000

Program Expenses $70,912

Other Expenses $5,098

TOTAL EXPENSES $73,033

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,375	$48,705	+5.2%
Expenses	$73,033	$49,011	+0.5%
Net Income	$230,342	$-306	-753.8%

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
Brooke McHugh	Director	2.00	Director	$0	$0	$0
Martha Kennedy	Director	2.00	Director	$0	$0	$0
Katie Manning	Director	2.00	Director	$0	$0	$0
Michelle Serpa	Director	2.00	Director	$0	$0	$0
Krista Demas	Director	2.00	Director	$0	$0	$0
Suzanne McDevitt	Director	2.00	Director	$0	$0	$0
Kari McHugh	President	10.00	Officer Director	$0	$0	$0
Calece Johnson	Treasurer	2.00	Officer Director	$0	$0	$0
Venetia Corson	Clerk	2.00	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
2023	$303,375	$73,033	$409,369	$230,342
2018	$90,022	$29,696	$60,326	$60,326

Michael C McHugh Memorial Fund