KATIE HOBBS INAUGURAL FUND

EIN: 921334690

PHOENIX, AZ

Total Revenue
$35,760
Total Expenses
$113,370
Total Assets
$706,309
Net Assets
$706,309
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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
AZ
Principal Officer
NICOLE DEMONT
Phone
6022240999
Tax Period
2023-11-01 to 2024-10-31

KATIE HOBBS INAUGURAL FUND, founded in 2022, is a micro nonprofit that reported $36K in total revenue in fiscal year 2023. Revenue fell 98% from the prior year — a significant decline worth monitoring. Expenses of $113K exceeded revenue, resulting in a 217% operating deficit.

Mission

ESTABLISHED TO FURTHER THE COMMON GOOD AND GENERAL WELFARE OF THE CITIZENS OF THE STATE OF ARIZONA TO SUPPORT THE ACTIVITIES SURROUNDING THE GUBERNATORIAL INAUGURATION

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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 $35,760
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $35,760

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $113,025
Other Expenses $113,370
TOTAL EXPENSES $113,370

Year-over-Year Comparison

2023 2022 Change
Revenue $35,760 $1,741,062 -1.0%
Expenses $113,370 $957,143 -0.9%
Net Income $-77,610 $783,919 -1.1%
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
3
Employees
N/A
Volunteers
3

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
2
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NICOLE DEMONT PRESIDENT 005.00
Officer Director
$0 $0 $0
ERIN FYFFE VICE PRESIDENT 001.00
Officer Director
$0 $0 $0
DEBRA HAMMES DIRECTOR 001.00
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 $35,760 $113,370 $706,309 $-77,610
2023 $1,741,062 $957,143 $783,919 $783,919
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