HIGHLAND RESOURCES & ASSOC EMPLOYE… - 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

1976

Legal Domicile

Principal Officer

Rachel Jacobs

Phone

7133582370

Tax Period

2023-01-01 to 2023-12-31

HIGHLAND RESOURCES & ASSOC EMPLOYERS HEALTH CARE TRUST, founded in 1976, is a community nonprofit that reported $2.6M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum.

Mission

The Fund is created for the purpose of providing and maintaining death, disability and/or accident and health care benefits for the benefit of the Employees and for the families, dependents, and beneficiaries of such Employees as defined as provided by the Plan.

Program Service Accomplishments

Program 1

Provide medical insurance.

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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 $0

Program Service Revenue $2,622,863

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,622,863

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $15,691

TOTAL EXPENSES $2,588,159

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,622,863	$1,928,455	+0.4%
Expenses	$2,588,159	$1,812,978	+0.4%
Net Income	$34,704	$115,477	-0.7%

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

N/A

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	Role	Reportable Comp	Other Comp	Total
Jeremy Hahn	Trustee	Director	$0	$0	$0
Rachel Jacobs	Trustee	Director	$0	$0	$0
Shauna Webster	Trustee	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	$2,622,863	$2,588,159	$249,801	$34,704
2022	$1,928,455	$1,812,978	$215,097	$115,477
2021	$2,510,890	$2,430,948	$99,620	$79,942
2020	$2,065,668	$2,055,610	$19,678	$10,058

HIGHLAND RESOURCES & ASSOC EMPLOYERS HEALTH CARE TRUST