Higher Ground International (EIN 113842652) - 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

2008

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Higher Ground International, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $804K, a strong 46% operating margin.

Mission

To provide opportunities and amenities to immigrants and refugee communities living in Rhode Island.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,732,746

Program Service Revenue $0

Investment Income $0

Other Revenue $10,192

TOTAL REVENUE $1,742,938

Expense Breakdown

Grants Paid $0

Salaries & Benefits $276,706

Fundraising Expenses $0

Program Expenses $939,181

Other Expenses $662,475

TOTAL EXPENSES $939,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,742,938	$1,878,142	-0.1%
Expenses	$939,181	$1,270,837	-0.3%
Net Income	$803,757	$607,305	+0.3%

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

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

$111,936

Total Directors

$111,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Henrietta White-Holder	President & CEO	40.00	Officer Director	$111,936	$0	$111,936
Mitch Edwards JD	Trustee	2.00	Director	$0	$0	$0
Julia Noguchi	Trustee	2.00	Director	$0	$0	$0
Beatrice White	Trustee	2.00	Director	$0	$0	$0
Danlette Norris	Trustee	2.00	Director	$0	$0	$0
Christine Walsh McDermott	Chairman	2.00	Officer Director	$0	$0	$0
Betty Clinton	Treasurer	2.00	Officer Director	$0	$0	$0
Daniel Gilroy	Trustee	2.00	Director	$0	$0	$0
Michelle Togbah	Trustee	2.00	Director	$0	$0	$0
Joanna Yeboah	Trustee	2.00	Director	$0	$0	$0
Toby Riseborough	Secretary	2.00	Officer Director	$0	$0	$0
Wendy Johnson	Trustee	2.00	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	$1,742,938	$939,181	$2,759,813	$803,757
2023	$1,878,142	$1,270,837	$1,975,460	$607,305
2022	$1,209,459	$441,871	$1,288,155	$767,588
2021	$559,469	$292,973	$700,567	$266,496
2020	$449,029	$332,849	$175,649	$116,180

Higher Ground International