LAKE HIGHLANDS IMPROVEMENT DISTRIC… - Form 990 Financial Data

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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

TINA COX

Phone

2144601118

Tax Period

2025-01-01 to 2025-12-31

LAKE HIGHLANDS IMPROVEMENT DISTRICT CORP, founded in 2008, is a community nonprofit in the Community Improvement sector that reported $2.4M in total revenue in fiscal year 2025. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.1M left a modest 11% surplus.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES WITHIN THE MEANING OF SECTION 501(C)(C) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. WITHIN THE SCOPE OF THE FOREGOING PURPOSES, THE CORPORATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF AND TO SUPPORT THE LAKE HIGHLANDS PUBLIC IMPROVEMENT DISTRICT (THE "LH PID") BY MANAGING AND IMPLEMENTING PUBLIC IMPROVEMENTS WITHIN THE LH PID.

Program Service Accomplishments

Program 1

Expenses: $702,231

PROVIDE SECURITY FOR THE LAKE HIGHLANDS IMPROVEMENT DISTRICT

Program 2

Expenses: $459,727

PROMOTIONAL ACTIVITIES FOR ECONOMIC DEVELOPMENT OF THE LAKE HIGHLANDS IMPROVEMENT DISTRICT

Program 3

Expenses: $669,629

DESIGN AND DEVELOPMENT OF PUBLIC IMPROVEMENTS WITHIN THE LAKE HIGHLANDS IMPROVEMENT DISTRICT

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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 (2025)

Revenue Breakdown

Contributions & Grants $2,374,585

Program Service Revenue $0

Investment Income $151

Other Revenue $0

TOTAL REVENUE $2,374,736

Expense Breakdown

Grants Paid $0

Salaries & Benefits $215,300

Fundraising Expenses $0

Program Expenses $1,844,403

Other Expenses $1,899,991

TOTAL EXPENSES $2,115,291

Year-over-Year Comparison

	2025	2024	Change
Revenue	$2,374,736	$2,028,195	+0.2%
Expenses	$2,115,291	$1,621,310	+0.3%
Net Income	$259,445	$406,885	-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

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
ALLISON GRIFFIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
SCOTT CARLSON	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
TOMMY BAILEY	PERSONNEL CHAIR	1.00	Director	$0	$0	$0
STACI BOWEN	TREASURER	1.00	Director	$0	$0	$0
ANDREW HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
MIKE ROSAMOND	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELLE PITSENBERGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAYTON HARRIS	BOARD MEMBER	1.00	Director	$0	$0	$0
ADAM MITCHELL	BOARD MEMBER	1.00	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
2025	$2,374,736	$2,115,291	$3,533,151	$259,445
2024	$2,028,195	$1,621,310	$3,825,171	$406,885
2023	$1,856,482	$1,689,517	$3,014,091	$166,965
2022	$1,483,528	$1,230,850	$2,560,411	$252,678
2021	$1,371,849	$1,248,558	$1,960,073	$123,291
2020	$1,220,562	$1,172,828	$1,683,676	$47,734
2019	$1,090,577	$915,452	$1,534,156	$175,125
2018	$745,785	$850,784	$145,205	$-104,999

LAKE HIGHLANDS IMPROVEMENT DISTRICT CORP