HIGHER EDUCATION FOUNDATION (EIN 260345821) - 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

WILLIAM BAKER

Phone

3042526471

Tax Period

2023-07-01 to 2024-06-30

Mission

THE PURPOSE OF THE FOUNDATION IS THE FURTHERANCE OF ALL ASPECTS OF HIGHER EDUCATION BOTH PUBLIC AND PRIVATE,FOR STUDENTS OF ALL AGES; FACILITIES ARE OPEN FOR A FEE TO ALL ORGANIZATIONS,PRIVATE OR PUBLIC,BUSINESS OR LABOR, TO PROVIDE POST-SECONDARY EDUCATIOANL OPPORTUNITIES THAT MEET BOTH COMMUNITY AND EDUCATIONAL STANDARDS AS DIRECTED BY BOARD.

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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 $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $246,232

Other Expenses $249,652

TOTAL EXPENSES $249,652

Year-over-Year Comparison

	2023	2022	Change
Revenue	N/A	$6,950	-1.0%
Expenses	$249,652	$249,228	+0.0%
Net Income	N/A	$-242,278	N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Role	Reportable Comp	Other Comp	Total
TOM LEMEKE	PRESIDENT	Director	$0	$0	$0
WILLIAM BAKER	SEC./TREASURER	Director	$0	$0	$0
WILLIAM R LAIRD IV	VICE PRESIDENT	Director	$0	$0	$0
DRPAUL HILL	EX-OFFICIO	Director	$0	$0	$0
DR SARAH TUCKER	EX-OFFICIO	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
2025	No data	No data	No data	No data
2024	No data	$249,652	$6,403,671	No data
2023	$6,950	$249,228	$6,653,323	$-242,278
2022	$5,000	$260,035	$6,895,600	$-255,035
2021	$2,500	$258,855	$7,150,636	$-256,355

HIGHER EDUCATION FOUNDATION