HOLLY WAY II INC (EIN 260854169) - 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

2007

Legal Domicile

Principal Officer

DONNIE HILLIARD

Phone

8035361056

Tax Period

2024-04-01 to 2025-03-31

HOLLY WAY II INC, founded in 2007, is a small nonprofit in the Housing & Shelter sector that reported $143K in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $161K exceeded revenue, resulting in a 12% operating deficit.

Mission

HOLLY WAY II, INC. IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF SOUTH CAROLINA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 12 UNIT COMMUNITY KNOWN AS HOLLY WAY II LOCATED IN HOLLY HILL, SOUTH CAROLINA, WHICH PROVIDES HOUSING FOR LOW-INCOME ELDERLY PERSONS, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED.

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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 $103,835

Program Service Revenue $35,779

Investment Income $2,882

Other Revenue $667

TOTAL REVENUE $143,163

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $123,969

Other Expenses $160,844

TOTAL EXPENSES $160,844

Year-over-Year Comparison

	2024	2023	Change
Revenue	$143,163	$123,093	+0.2%
Expenses	$160,844	$154,089	+0.0%
Net Income	$-17,681	$-30,996	-0.4%

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	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNIE HILLIARD	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARGARET ROBERTS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
GENE KIZER	SECRETARY/TREASURER	0.50	Officer Director	$0	$0	$0
HERBERT TAIT	DIRECTOR	0.50	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	$143,163	$160,844	$933,325	$-17,681
2024	$123,093	$154,089	$971,398	$-30,996
2023	$148,994	$134,008	$993,687	$14,986
2022	$116,586	$124,308	$989,621	$-7,722
2021	$118,483	$132,224	$985,163	$-13,741
2020	$117,637	$122,333	$991,276	$-4,696
2019	$116,025	$117,407	$996,018	$-1,382

HOLLY WAY II INC