THE HIGHER EDUCATION PARTNERSHIP FOUNDATION INC (EIN 202585491) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2002

Legal Domicile

Principal Officer

GORDON STONE

Phone

3348329911

Tax Period

2023-10-01 to 2024-09-30

THE HIGHER EDUCATION PARTNERSHIP FOUNDATION INC is a small nonprofit in the Education sector that reported $283K in total revenue in fiscal year 2022. Expenses of $257K left a modest 9% surplus.

Mission

TO PROMOTE PUBLIC HIGHER EDUCATION IN THE STATE OF ALABAMA.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $541,101

Program Service Revenue $0

Investment Income $4,283

Other Revenue $0

TOTAL REVENUE $545,384

Expense Breakdown

Grants Paid $37,667

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $337,202

Other Expenses $299,535

TOTAL EXPENSES $337,202

Year-over-Year Comparison

	2023	2022	Change
Revenue	$545,384	$282,872	+0.9%
Expenses	$337,202	$256,929	+0.3%
Net Income	$208,182	$25,943	+7.0%

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

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

$195,929

Total Directors

$195,929

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARGARET GARNER MSRDLD	DIRECTOR	2.00	Director	$0	$0	$0
BILL JONES	DIRECTOR	2.00	Director	$0	$0	$0
DR GUIN NANCE	DIRECTOR	2.00	Director	$0	$0	$0
CLEMIT SPRUIELL	DIRECTOR	2.00	Director	$0	$0	$0
GORDON STONE	EXECUTIVE DIRECTOR	5.00	Officer Director	$0	$19,941	$170,429
DIANE CAUSEY	SECRETARY/TREASURER	5.00	Officer Director	$0	$0	$25,500
MARY KATHRYN FLETCHER	ASSISTANT SECRETARY	5.00	Officer 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	$545,384	$337,202	$589,245	$208,182
2023	$282,872	$256,929	$284,458	$25,943

THE HIGHER EDUCATION PARTNERSHIP FOUNDATION INC