HIGHER LIVING INC (EIN 010601868) - 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

2002

Legal Domicile

Principal Officer

JEFFERSON CARUTHERS JR

Phone

3367769255

Tax Period

2023-01-01 to 2023-12-31

HIGHER LIVING INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $279K in total revenue in fiscal year 2023. Net assets of $591K represent 25 months of operating reserves.

Mission

TO PROVIDE AFFORDABLE HOUSING FOR SENIOR CITIZENS

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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 $0

Program Service Revenue $278,802

Investment Income $0

Other Revenue $11

TOTAL REVENUE $278,813

Expense Breakdown

Grants Paid $0

Salaries & Benefits $57,353

Fundraising Expenses $0

Program Expenses $248,630

Other Expenses $218,682

TOTAL EXPENSES $276,035

Year-over-Year Comparison

	2023	2022	Change
Revenue	$278,813	$274,648	+0.0%
Expenses	$276,035	$258,746	+0.1%
Net Income	$2,778	$15,902	-0.8%

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

Volunteers

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

$39,959

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFERSON CARUTHERS JR	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
WALTER WEATHERS	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FOXWORTH	DIRECTOR	1.00	Director	$0	$0	$0
JAMES GADSON	DIRECTOR	1.00	Director	$0	$0	$0
ROY OLIPHANT	DIRECTOR	1.00	Director	$0	$0	$0
MARY WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
ANNETTE NICHOLS	EXECUTIVE DI	40.00	Officer	$39,959	$0	$39,959

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$278,813	$276,035	$764,798	$2,778
2022	$274,648	$258,746	$823,296	$15,902
2021	$268,199	$268,623	$855,437	$-424
2020	$264,019	$225,517	$908,339	$38,502
2019	$264,220	$238,491	$924,222	$25,729
2018	$266,922	$252,208	$943,279	$14,714

HIGHER LIVING INC