HIGHLAND FACILITIES DEVELOPMENT CORPORATION (EIN 223039077) - 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

1989

Legal Domicile

Principal Officer

CARRIE FULLER SPENCER

Phone

5857855168

Tax Period

2023-07-01 to 2024-06-30

HIGHLAND FACILITIES DEVELOPMENT CORPORATION, founded in 1989, is a small nonprofit that reported $520K in total revenue in fiscal year 2023. Revenue fell 33% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $239K, a strong 46% operating margin.

Mission

THE OPERATION OF A PROFESSIONAL OFFICE BUILDING & PARKING FACILITY IN SUPPORT OF AND IN FURTHERANCE OF THE CHARITABLE ACTIVITIES CONDUCTED BY HIGHLAND HOSPITAL OF ROCHESTER.

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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 $508,647

Investment Income $11,200

Other Revenue $0

TOTAL REVENUE $519,847

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $274,911

Other Expenses $280,636

TOTAL EXPENSES $280,636

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,847	$779,010	-0.3%
Expenses	$280,636	$287,445	0.0%
Net Income	$239,211	$491,565	-0.5%

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

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

$2,521,687

Total Directors

$2,521,687

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN I GOLDSTEIN	DIRECTOR	1.0	Officer Director	$0	$214,557	$1,848,105
ADAM ANOLIK	FORMER OFFICER	0.0		$0	$158,521	$979,035
CARRIE FULLER SPENCER	CFO	1.0	Officer Director	$0	$90,963	$673,582

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	$519,847	$280,636	$1,070,383	$239,211
2023	$779,010	$287,445	$574,669	$491,565
2022	$783,031	$524,133	$626,028	$258,898
2021	$786,106	$414,909	$383,555	$371,197
2020	$864,340	$462,111	$515,591	$402,229
2019	$966,304	$627,835	$2,279,349	$338,469
2018	$868,125	$984,680	$1,873,232	$-116,555

HIGHLAND FACILITIES DEVELOPMENT CORPORATION