HUGS FOR US INC (EIN 845147073) - 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

2020

Legal Domicile

Principal Officer

PATTI SIMPSON

Phone

2122283585

Tax Period

2024-01-01 to 2024-12-31

HUGS FOR US INC, founded in 2020, is a micro nonprofit in the Public Safety sector that reported $45K in total revenue in fiscal year 2024. Revenue fell 57% from the prior year — a significant decline worth monitoring. Expenses of $41K left a modest 8% surplus.

Mission

THE HUGS FOR US, INC EMPLOYEE RELIEF FUND OFFERS GRANTS TO HELP COVER ESSENTIAL LIFE NEEDS.

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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 $44,724

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,724

Expense Breakdown

Grants Paid $37,192

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $37,192

Other Expenses $4,169

TOTAL EXPENSES $41,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,724	$103,733	-0.6%
Expenses	$41,361	$75,378	-0.5%
Net Income	$3,363	$28,355	-0.9%

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

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATTI SIMPSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
NERRISA CHARLES-FANNING	TREASURER	1.00	Officer Director	$0	$0	$0
ELIZABETH HUH	SECRETARY	1.00	Officer Director	$0	$0	$0
DIANA DELLI SANTI	BOARD MEMBER	1.00	Director	$0	$0	$0
SHIVON SHAH	BOARD MEMBER	1.00	Director	$0	$0	$0
AMANDA LIP	BOARD MEMBER	1.00	Director	$0	$0	$0
KATE GORDON	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANA GETCHIUS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEREMY CHAN	ADMIN	1.00	Director	$0	$0	$0
STEPHEN KELLEY	ADMIN	1.00	Director	$0	$0	$0
TEAGAN LUCCHESE	ADMIN	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
2024	$44,724	$41,361	$197,836	$3,363
2023	$103,733	$75,378	$206,140	$28,355
2022	$70,524	$105,138	$165,887	$-34,614
2021	$117,644	$61,879	$193,541	$55,765
2020	$2,108,379	$1,976,451	$134,288	$131,928
2020	$2,084,878	$1,952,950	$134,288	$131,928

HUGS FOR US INC