THE DR LYNN HICKS FOUNDATION INC (EIN 842189196) - 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

2019

Legal Domicile

Principal Officer

JAMES DAVID SHOFFITT

Phone

9125712355

Tax Period

2023-01-01 to 2023-12-31

THE DR LYNN HICKS FOUNDATION INC, founded in 2019, is a small nonprofit that reported $233K in total revenue in fiscal year 2023. Revenue surged 34% from the prior year, signaling strong growth momentum. The organization ran a surplus of $224K, a strong 96% operating margin.

Mission

THE FOUNDATION WILL SUPPORT ENTITIES THAT PROVIDE SUPPORT TO PUBLIC CHARITIES THAT SUPPORT FIREFIGHTERS, PARTICULARLY THOSE IN AND AROUND COASTAL GEORGIA AND SOUTHEAST GEORGIA. THE FOUNDATION MAY ALSO SUPPORT PUBLIC INSTRUMENTALITIES OF MUNICIPALITIES, PARTICULARLY IN COASTAL AND SOUTHEAST GEORGIA, RELATED TO FIREFIGHTING AND IN SUPPORT OF THE NEEDS OF FIREFIGHTERS.

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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 $163,534

Program Service Revenue $0

Investment Income $69,932

Other Revenue $0

TOTAL REVENUE $233,466

Expense Breakdown

Grants Paid $4,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,000

Other Expenses $5,190

TOTAL EXPENSES $9,190

Year-over-Year Comparison

	2023	2022	Change
Revenue	$233,466	$174,524	+0.3%
Expenses	$9,190	$3,549	+1.6%
Net Income	$224,276	$170,975	+0.3%

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

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
LYNN HICKS	PRESIDENT	0.50	Officer Director	$0	$0	$0
DAVID SHOFFITT	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
HAL HERNDON	VICE PRESIDENT	0.50	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	$233,466	$9,190	$426,467	$224,276

THE DR LYNN HICKS FOUNDATION INC