Friends of Highland State Recreation Area (EIN 261407474) - 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

2008

Legal Domicile

Principal Officer

Pam Sienkiewicz

Phone

2489612180

Tax Period

2024-01-01 to 2024-12-31

Friends of Highland State Recreation Area, founded in 2008, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $31K in total revenue in fiscal year 2024. Revenue fell 97% from the prior year — a significant decline worth monitoring. Expenses of $337K exceeded revenue, resulting in a 1003% operating deficit.

Mission

Maintain/Expand Park Service Area Restoration of historical buildings roofs, plumbing, electrical, drywall, windows, and painting within the Highland Michigan state park.

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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 $14,399

Program Service Revenue $0

Investment Income $16,162

Other Revenue $30

TOTAL REVENUE $30,591

Expense Breakdown

Grants Paid $100

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $330,792

Other Expenses $337,333

TOTAL EXPENSES $337,433

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,591	$928,500	-1.0%
Expenses	$337,433	$136,509	+1.5%
Net Income	$-306,842	$791,991	-1.4%

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
Richard Russell	President	010.00	Officer Director	$0	$0	$0
Timothy Wiles	Director	006.00	Officer Director	$0	$0	$0
Pamela Sienkiewicz	Treasurer	010.00	Officer Director	$0	$0	$0
Jay Fitzpatrick	Director	006.00	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	$30,591	$337,433	$503,226	$-306,842
2023	No data	No data	$-86,059	No data
2023	No data	No data	No data	No data
2022	$12,652	$15,059	$11,445	$-2,407
2021	$13,024	$10,594	$2,430	$2,430

Friends of Highland State Recreation Area