HIGHLAND HOMES INC (EIN 410986644) - 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

1971

Legal Domicile

Principal Officer

COLLEEN SKILLINGS

Phone

5073546617

Tax Period

2024-07-01 to 2025-06-30

HIGHLAND HOMES INC, founded in 1971, is a small nonprofit that reported $425K in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $392K left a modest 8% surplus.

Mission

PROVIDE ON A NON-PROFIT BASIS, HOUSING FOR LOW AND MODERATE INCOME FAMILIES AND FAMILIES DISPLACED FROM URBAN RENEWAL AREAS OR AS A RESULT OF GOVERNMENTAL ACTION OR AS A RESULT OF A MAJOR DISATER WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS.

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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 $405,346

Investment Income $920

Other Revenue $18,836

TOTAL REVENUE $425,102

Expense Breakdown

Grants Paid $0

Salaries & Benefits $73,320

Fundraising Expenses $0

Program Expenses $392,057

Other Expenses $318,737

TOTAL EXPENSES $392,057

Year-over-Year Comparison

	2024	2023	Change
Revenue	$425,102	$450,232	-0.1%
Expenses	$392,057	$410,745	0.0%
Net Income	$33,045	$39,487	-0.2%

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
COLLEEN SKILLINGS	PRESIDENT	2.00	Officer Director	$0	$0	$0
HAROLD REMME	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MARY LOU SERBUS	TREASURER	2.00	Officer Director	$0	$0	$0
SHIRLEY LARAWAY	SECRETARY	2.00	Officer Director	$0	$0	$0
BOB WEBB	DIRECTOR	1.00	Director	$0	$0	$0
TIM REINKE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SHIKOSKI	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN JACOBSEN	DIRECTOR	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	$425,102	$392,057	$910,491	$33,045
2024	$450,232	$410,745	$947,479	$39,487
2023	$418,093	$410,746	$977,781	$7,347
2022	$419,237	$398,072	$1,035,489	$21,165
2021	$425,552	$398,122	$1,089,973	$27,430
2020	$421,991	$384,967	$1,004,083	$37,024
2019	$422,221	$383,683	$1,029,971	$38,538
2018	$420,682	$396,152	$1,054,812	$24,530

HIGHLAND HOMES INC