HIGHCO INC

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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

1980

Legal Domicile

Principal Officer

JENNA WINTERS

Phone

9373932891

Tax Period

2023-01-01 to 2023-12-31

HIGHCO INC, founded in 1980, is a community nonprofit that reported $1.8M in total revenue in fiscal year 2023.

Mission

TO PROVIDE LEARNING, REHABILITATION AND SELF-CARE SKILLS FOR HANDS-ON EXPERIENCE FOR PHYSICALLY HANDICAPPED CLIENTS IN A WORKSHOP AND TEST AREA.

Program Service Accomplishments

Program 1

PROVIDING PROGRAMS FOR DISABLED INDIVIDUALS.

Program 2

Expenses: $755,793

PROVIDING TRANSPORTATION AND ADULT DAY SERVICES FOR DIABLED INDIVIDUALS.

Program 3

Expenses: $822,450

OTHER PROGRAMS FOR THE DISABLED ADULT. THESE PROGRAMS INCLUDE JOB COACHING, JOB RETENTION, JOB READINESS AND OTHER HELP FOR DISABLED ADULTS.

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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 $1,323

Program Service Revenue $1,804,629

Investment Income $7,925

Other Revenue $25,419

TOTAL REVENUE $1,839,296

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,619,418

Fundraising Expenses $5,987

Program Expenses $1,587,827

Other Expenses $347,882

TOTAL EXPENSES $1,967,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,839,296	$1,851,565	0.0%
Expenses	$1,967,300	$1,953,057	+0.0%
Net Income	$-128,004	$-101,492	+0.3%

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

115

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
RON BRYANT	TRUSTEE	N/A	Director	$0	$0	$0
LARRY GRAY	TRUSTEE	N/A	Director	$0	$0	$0
AMY HAMILTON	TRUSTEE	N/A	Director	$0	$0	$0
MECHELL KARNES	TRUSTEE	N/A	Director	$0	$0	$0
DEBBY MCCOLLUM	TRUSTEE	N/A	Director	$0	$0	$0
ROBERT LEE SMITH	TRUSTEE	N/A	Director	$0	$0	$0
JENNA WINTERS	BOARD CHAIR	N/A	Officer Director	$0	$0	$0
EMMY WOODS	TRUSTEE	N/A	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	No data	No data	No data	No data
2023	$1,839,296	$1,967,300	$1,539,938	$-128,004
2022	$1,851,565	$1,953,057	$1,304,725	$-101,492
2021	$2,087,003	$2,202,571	$1,387,522	$-115,568
2020	$2,494,563	$2,018,900	$1,522,990	$475,663
2019	$2,062,022	$2,387,617	$1,135,263	$-325,595
2018	$3,212,507	$3,526,303	$1,395,635	$-313,796