HIP KIDS INC

EIN: 920277794 501(c)(3) Arts, Culture & Humanities

N QUINCY, MA

Total Revenue
$269,595
Total Expenses
$272,165
Total Assets
$6,843
Net Assets
$6,843
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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
2022
Legal Domicile
MA
Principal Officer
LAURA SABINI
Phone
6178529833
Tax Period
2023-01-01 to 2023-12-31

HIP KIDS INC, founded in 2022, is a small nonprofit in the Arts, Culture & Humanities sector that reported $270K in total revenue in fiscal year 2023. Revenue surged 712% from the prior year, signaling strong growth momentum.

Mission

HIGH QUALITY EDUCATIONAL MUSIC MOVEMENT AND ART IN SCHOOL AND AFTER SCHOOL ENRICHMENTPROGRAMMING

Program Service Accomplishments

Program 1
Expenses: $272,165 Revenue: $269,595

HIGH QUALITY MUSIC MOVEMENT AND ART IN SCHOOL AND AFTERSCHOOL ENRICHMENT PROGRAMMING

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $269,595
Investment Income $0
Other Revenue $0
TOTAL REVENUE $269,595

Expense Breakdown

Grants Paid $0
Salaries & Benefits $259,505
Fundraising Expenses $0
Program Expenses $272,165
Other Expenses $12,660
TOTAL EXPENSES $272,165

Year-over-Year Comparison

2023 2022 Change
Revenue $269,595 $33,198 +7.1%
Expenses $272,165 $23,786 +10.4%
Net Income $-2,570 $9,412 -1.3%
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

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Governance

Voting Members
3
Independent Members
2
Employees
1
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
1
$51,465
Total Directors
3
$51,465
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LAURA SABINI PRESIDENT 30.00
Officer Director
$51,465 $0 $51,465
KELLY SABINI DIRECTOR 1.00
Director
$0 $0 $0
JULIE RAMA WINSLOW DIRECTOR 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 No data No data No data No data
2023 $269,595 $272,165 $6,843 $-2,570
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