Higgy Bears 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

2019

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $420,221

Higgy Bears are special teddy bears specifically for kids with scoliosis. They wear matching mini scoliosis braces and have rods sewn into their backs for kids that have had surgery. They are a...

Higgy Bears are special teddy bears specifically for kids with scoliosis. They wear matching mini scoliosis braces and have rods sewn into their backs for kids that have had surgery. They are a friend where one did not exist. Higgy Bears are donated to children's hospitals across the country. Higgy Bears truly make scoliosis more "bear-able" for kids with scoliosis!

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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 (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

Governance

Voting Members

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

Total Directors

$60,000

Key Employees

Highest Compensated

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