THE HOOKED ON HELPING FOUNDATION TRUST

EIN: 826285184 501(c)(3)

MOBILE, AL

Total Revenue
N/A
Total Expenses
$2,572
Total Assets
$2,592
Net Assets
$2,592
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
AL
Principal Officer
HUNTER OMAINSKY
Phone
2514042734
Tax Period
2020-01-01 to 2020-12-31

THE HOOKED ON HELPING FOUNDATION TRUST, founded in 2017, is a micro nonprofit that reported $42K in total revenue in fiscal year 2018. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $58K exceeded revenue, resulting in a 39% operating deficit.

Mission

THE HOOKED ON HELPING FOUNDATION IS DESIGNED TO STRENGTHEN THE LESS FORTUNATE IN THE GULF COAST AREA. WE SEEK TO BETTER THE LIVES OF OTHERS THROUGH FUNDRAISERS, SPONSORSHIPS AND DONATIONS.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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Financial Overview (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $2,070
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,070
Other Expenses $502
TOTAL EXPENSES $2,572

Year-over-Year Comparison

2020 2019 Change
Revenue N/A $24,700 -1.0%
Expenses $2,572 $26,880 -0.9%
Net Income N/A $-2,180 N/A
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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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
3
Independent Members
3
Employees
N/A
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
0
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HUNTER OMAINSKY TRUSTEE 1.00
Director
$0 $0 $0
CLAY OMAINSKY TRUSTEE 1.00
Director
$0 $0 $0
WALNE DONALD TRUSTEE 1.00
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
2020 No data $2,572 $2,592 No data
2019 $24,700 $26,880 $5,164 $-2,180
2018 $41,615 $57,819 $7,093 $-16,204
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