Highlands Resident Assistance Fund

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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

Phone

2073733808

Tax Period

2023-01-01 to 2023-12-31

Highlands Resident Assistance Fund is a micro nonprofit in the Human Services sector that reported $62K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Net assets of $1.5M represent 292 months of operating reserves.

Mission

To provide financial assistance to residents of The Highlands retirement community in Topsham, ME, who are unable to pay some or all of the charges for housing and healthcare provided at such facility.

Program Service Accomplishments

Program 1

Expenses: $52,750

Funds were used to provide financial assistance to residents of The Highlands in Topsham, ME, who were unable to pay some or all of the charges for housing and healthcare at such facility.

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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 (2023)

Revenue Breakdown

Contributions & Grants $25,062

Program Service Revenue $0

Investment Income $36,775

Other Revenue $0

TOTAL REVENUE $61,837

Expense Breakdown

Grants Paid $52,750

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $52,750

Other Expenses $14,110

TOTAL EXPENSES $66,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,837	$87,775	-0.3%
Expenses	$66,860	$64,589	+0.0%
Net Income	$-5,023	$23,186	-1.2%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Bob Beringer	Treasurer	2.00	Officer Director	$0	$0	$0
Denise Tepler	Director	0.00	Director	$0	$0	$0
Nancy Kaye	Director	0.00	Officer Director	$0	$0	$0
Marjorie Whipple	Director	0.00	Director	$0	$0	$0
Nan Hughes	Secretary	0.00	Officer Director	$0	$0	$0
Gordon Brigham	Vice President	0.00	Officer Director	$0	$0	$0
Dottie Lacy	Director	0.00	Director	$0	$0	$0
Paul Lacy	President	0.00	Director	$0	$0	$0
Jane Abrahamson	Director	0.00	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	$61,837	$66,860	$1,504,961	$-5,023
2022	$87,775	$64,589	$1,424,632	$23,186
2021	$50,842	$61,077	$1,612,881	$-10,235
2020	$125,860	$50,723	$1,422,098	$75,137
2019	$55,322	$49,618	$1,214,277	$5,704
2018	$84,700	$46,873	$1,013,217	$37,827