FREE MOM HUGS INC

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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

Principal Officer

JAN PEZANT

Tax Period

2023-01-01 to 2023-12-31

FREE MOM HUGS INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $503K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $465K left a modest 8% surplus.

Mission

THE ORGANIZATION ADVOCATES FOR THE LGBTQIA+ COMMUNITY BY PROVIDING EDUCATION, RESOURCES AND SUPPORT THROUGH VARIOUS COMMUNITY EVENTS AND PROGRAMS WITH CORPORATIONS, UNIVERSITIES, CHURCHES, HIGH SCHOOLS, ORGANIZATIONS AND OTHER ENTITIES.

Program Service Accomplishments

Program 1

Expenses: $288,542 Revenue: $411,747

MAINTAINED OUTREACH TO THE LGBTQIA+ COMMUNITY AND ALLIES INCLUDING PRIDE RIDES, NATIONAL COMING OUT DAY EVENTS, COLLABORATION WITH CORPORATIONS ON DEI EDUCATION, ORGANIZED PRIDE MONTH EVENTS AND...

MAINTAINED OUTREACH TO THE LGBTQIA+ COMMUNITY AND ALLIES INCLUDING PRIDE RIDES, NATIONAL COMING OUT DAY EVENTS, COLLABORATION WITH CORPORATIONS ON DEI EDUCATION, ORGANIZED PRIDE MONTH EVENTS AND CONTINUED TO EXPAND TRAINING FOR VOLUNTEERS AND CHAPTER LEADERS IN ALL 50 STATES.

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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 $415,566

Program Service Revenue $0

Investment Income $40

Other Revenue $87,640

TOTAL REVENUE $503,246

Expense Breakdown

Grants Paid $0

Salaries & Benefits $221,711

Fundraising Expenses $0

Program Expenses $288,542

Other Expenses $225,212

TOTAL EXPENSES $464,923

Year-over-Year Comparison

	2023	2022	Change
Revenue	$503,246	$432,668	+0.2%
Expenses	$464,923	$357,650	+0.3%
Net Income	$38,323	$75,018	-0.5%

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

Volunteers

24000

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

$70,604

Total Directors

Key Employees

$48,604

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KARRIE FLETCHER-ROLLINS	EXECUTIVE DIRECTOR	40.00	Highest	$82,268	$6,000	$88,268
SARA CUNNINGHAM	FOUNDER CIO	40.00	Officer	$64,604	$6,000	$70,604
KATRINA KALB	PROGRAM AND SOCIAL DIRECTOR	40.00	Key Emp	$42,604	$6,000	$48,604
SHANNON BLACK	TREASURER	10.00	Officer	$0	$0	$0
ARLETA GREER	PRESIDENT	10.00	Officer	$0	$0	$0
JAN PEZANT	SECRETARY	10.00	Officer	$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	$503,246	$464,923	$438,775	$38,323
2022	$432,664	$357,650	$408,056	$75,014
2021	$377,801	$300,175	$324,207	$77,626
2020	$367,638	$195,570	$229,740	$172,068