HIGGINS LAKE FOUNDATION (EIN 382864400) - 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

1989

Legal Domicile

Principal Officer

VICKI SPRINGSTEAD

Phone

9892759183

Tax Period

2024-01-01 to 2024-12-31

HIGGINS LAKE FOUNDATION, founded in 1989, is a small nonprofit in the Environment sector that reported $411K in total revenue in fiscal year 2024. Revenue surged 109% from the prior year, signaling strong growth momentum. The organization ran a surplus of $133K, a strong 32% operating margin.

Mission

TO PRESERVE AND ENHANCE HIGGINS LAKE AS A PUBLIC RECREATION FACILITY.

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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 $308,979

Program Service Revenue $43,148

Investment Income $58,790

Other Revenue $0

TOTAL REVENUE $410,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $45,817

Fundraising Expenses $13,679

Program Expenses $171,697

Other Expenses $231,818

TOTAL EXPENSES $277,635

Year-over-Year Comparison

	2024	2023	Change
Revenue	$410,917	$196,873	+1.1%
Expenses	$277,635	$203,869	+0.4%
Net Income	$133,282	$-6,996	-20.1%

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

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

$7,989

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENISE BECKER	EXECUTIVE DI	30.00	Officer	$7,989	$0	$7,989
SARA ALMIRALL	TRUSTEE	N/A	Director	$0	$0	$0
BRAD BAERLOCHER	TRUSTEE	N/A	Director	$0	$0	$0
BILL BAKER	TRUSTEE	N/A	Director	$0	$0	$0
JOHN BARTA	TRUSTEE	N/A	Director	$0	$0	$0
JIM KIRSCH	TRUSTEE	N/A	Director	$0	$0	$0
NANCY LAMB	TRUSTEE	N/A	Director	$0	$0	$0
SCOTT MCNAMARA	TRUSTEE	N/A	Director	$0	$0	$0
BOB BLAMER	SECRETARY	N/A	Officer	$0	$0	$0
DANIEL DECKER	TREASURER	N/A	Officer	$0	$0	$0
RICK MEEKS	VICE CHAIR	N/A	Officer	$0	$0	$0
VICKI SPRINGSTEAD	CHAIR	N/A	Officer	$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	$410,917	$277,635	$2,428,195	$133,282
2023	$196,873	$203,869	$2,164,821	$-6,996
2022	$237,267	$332,955	$1,943,049	$-95,688
2021	$196,924	$247,586	$2,531,718	$-50,662
2020	$170,161	$136,958	$2,304,886	$33,203
2019	$154,784	$221,039	$2,062,865	$-66,255
2018	$127,208	$208,840	$1,799,685	$-81,632

HIGGINS LAKE FOUNDATION