HIGHLAND PARK COMMONS INC (EIN 264733206) - 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

2009

Legal Domicile

Principal Officer

CHARLES W PHILLIPS

Phone

4237551813

Tax Period

2024-01-01 to 2024-12-31

HIGHLAND PARK COMMONS INC, founded in 2009, is a micro nonprofit that reported $53K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. Expenses of $154K exceeded revenue, resulting in a 191% operating deficit.

Mission

THE APPLICANT'S CHARITABLE PURPOSES ARE TO ACQUIRE, HOLD AND MANAGE REAL PROPERTY TO BE USED FOR PUBLIC PARKS, RECREATIONAL FACILITIES AND OTHER COMPLEMENTARY PUBLIC USES IN THE HIGHLAND PARK NEIGHBORHOOD, AN INNER-CITY AREA OF CHATTANOOGA, TENNESSEE, FOR THE BENEFIT OF THE RESIDENTS OF HIGHLAND PARK AND THE CITIZENS OF THE CITY OF CHATTANOOGA, TENNESSEE.

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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 $0

Program Service Revenue $53,000

Investment Income $0

Other Revenue $0

TOTAL REVENUE $53,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $154,096

Other Expenses $154,096

TOTAL EXPENSES $154,096

Year-over-Year Comparison

	2024	2023	Change
Revenue	$53,000	$36,000	+0.5%
Expenses	$154,096	$150,797	+0.0%
Net Income	$-101,096	$-114,797	-0.1%

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

145

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
ALICE O'DEA	DIRECTOR	1.00	Director	$0	$0	$0
GREGORY O'DEA	DIRECTOR	1.00	Director	$0	$0	$0
STACY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JEREMIAH REYNOLDS	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN WALLACE	DIRECTOR	1.00	Director	$0	$0	$0
KRUE BROCK	CHAIRMAN	1.00	Officer Director	$0	$0	$0
CHARLES PHILLIPS	TREASURER	1.00	Officer Director	$0	$0	$0
EDUARDO CENTURION	SECRETARY	1.00	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	$53,000	$154,096	No data	$-101,096
2023	$36,000	$150,797	$2,174,041	$-114,797
2022	$76,000	$114,064	$2,288,838	$-38,064
2021	$71,653	$166,183	$2,326,903	$-94,530
2020	$156,520	$143,046	$2,421,433	$13,474
2019	$264,155	$162,961	$2,409,459	$101,194
2018	$267,382	$181,618	$2,308,265	$85,764

HIGHLAND PARK COMMONS INC