Higgy Bears Inc

EIN: 843298535 501(c)(3) Health Care

Kalamazoo, MI

Total Revenue
$376,835
Total Expenses
$420,221
Total Assets
$11,600
Net Assets
$11,600
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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
MI
Principal Officer
Lauren Higginson
Phone
2693640655
Tax Period
2024-01-01 to 2024-12-31

Higgy Bears Inc, founded in 2019, is a small nonprofit in the Health Care sector that reported $377K in total revenue in fiscal year 2024. Revenue surged 162% from the prior year, signaling strong growth momentum. Expenses of $420K exceeded revenue, resulting in a 12% operating deficit.

Mission

HIGGY BEARS HELP NORMALIZE SCOLIOSIS THROUGH TEDDY BEARS,COMMUNITY AND SUPPORT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $89,019
Program Service Revenue $0
Investment Income $0
Other Revenue $287,816
TOTAL REVENUE $376,835

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,728
Fundraising Expenses $0
Program Expenses $420,221
Other Expenses $323,493
TOTAL EXPENSES $420,221

Year-over-Year Comparison

2024 2023 Change
Revenue $376,835 $143,571 +1.6%
Expenses $420,221 $151,576 +1.8%
Net Income $-43,386 $-8,005 +4.4%
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

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Governance

Voting Members
1
Independent Members
N/A
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
1
$60,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Lauren Higginson President 0.00
Director
$60,000 $0 $60,000
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 $376,835 $420,221 $11,600 $-43,386
2023 $143,571 $151,576 $291 $-8,005
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