Highland Farms Residents Corporation (EIN 203484944) - 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

2004

Legal Domicile

Principal Officer

Gene Schimpf

Phone

8286860807

Tax Period

2024-01-01 to 2024-12-31

Highland Farms Residents Corporation, founded in 2004, is a small nonprofit in the Human Services sector that reported $258K in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum.

Mission

To administer gifts and funds generated by residents for tmeporary financial support of residents in financial need, improving residents quality of life, and grants to local non-profit organizations.

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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 $246,062

Program Service Revenue $2,518

Investment Income $9,747

Other Revenue $0

TOTAL REVENUE $258,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,444

Other Expenses $256,128

TOTAL EXPENSES $256,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$258,327	$165,554	+0.6%
Expenses	$256,128	$170,290	+0.5%
Net Income	$2,199	$-4,736	-1.5%

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

415

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
Ann Carr Adkins	President	2.00	Officer	$0	$0	$0
Tom Kopp	Vice President	2.00	Officer	$0	$0	$0
Gene Schimpf	Treasurer	10.00	Officer	$0	$0	$0
Nancy Nachman	Secretary	2.00	Officer	$0	$0	$0
Jim McDowell	Board Member	0.00	Director	$0	$0	$0
Adiai Boyd	Board Member	0.00	Director	$0	$0	$0
Kate Schulz	Board Member	0.00	Director	$0	$0	$0
Albert Sperath	Board Member	0.00	Director	$0	$0	$0
Suzanne Sutherland	board Member	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	$258,327	$256,128	No data	$2,199
2023	$165,554	$170,290	$585,487	$-4,736
2022	$165,272	$183,111	$572,713	$-17,839
2021	$159,631	$173,721	$681,883	$-14,090
2020	$144,517	$161,253	$641,872	$-16,736
2019	$133,934	$135,859	$612,706	$-1,925
2018	$154,104	$146,049	$551,748	$8,055

Highland Farms Residents Corporation