Hooked on a Cure
Nonprofit profile at a glance
- EIN
- 814813421
- IRS 990-EZ coverage
- 2022–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2021
- Location
- Tampa, FL, USA
- Phone
- 8134401562
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $46,182
- Expenses
- $53,150
- Assets
- $50,307
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- MATTHEW T WHITE (PRESIDENT)
- CYNTHIA WOOD WHITE (VICE PRESIDENT)
People named in this filing
- MATTHEW T WHITE (PRESIDENT)
- CYNTHIA WOOD WHITE (VICE PRESIDENT)
- EDWIN S COOKE (TREASURER)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Here at hooked on a cure, inc, we are driven by a single goal; to do our part in making the world a better place for all. Whether it is funding a cure, participating in a walk, or raising our paddle at the gala, hooked on a cure strives to give back to the community. Hooked on a cure was created by matt white, a leading member of the tampa bay community. Founded in 2015, hooked on a cure raises and donates 100% of the proceeds from the fishing tournament to the juvenile diabetes research foundation. Jdrf is very near and dear to matt's heart because his wife had type 1. It is our hope through educating the community about type 1 diabetes and raising funds to support the ongoing research and treatments, that we can turn type 1 into type none.
What it reported doing in 2024
Grants and scholarships
Operating model
- Revenue model
- Donor-supported. 100% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 98
- Transparency & Controls: 100
- Sustainability: 40
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 94.1%; rating input score 94
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -15.1%; rating input score 26; 26th percentile among comparable filings
- Total-asset coverage ratio: 0.95; rating input score 45; 45th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: -12% per year; rating input score 0; 25th percentile among comparable filings
- Revenue growth: -8.6% per year; rating input score 0; 27th percentile among comparable filings
- Asset growth: 66.6% per year; rating input score 100; 97th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 94.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $50K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 4 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 26/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.