HIGHLAND BUSINESS ASSOCIATION

EIN: 411623026

ST PAUL, MN

Total Revenue
$27,405
Total Expenses
$27,880
Total Assets
$1,414
Net Assets
$-7,829
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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
1953
Legal Domicile
MN
Principal Officer
JAMES FARNSWORTH
Phone
6128042205
Tax Period
2022-01-01 to 2022-12-31

HIGHLAND BUSINESS ASSOCIATION, founded in 1953, is a micro nonprofit that reported $27K in total revenue in fiscal year 2022. Revenue fell 34% from the prior year — a significant decline worth monitoring.

Mission

BUSINESS PROMOTION AND MAINTENANCE IN HIGHLAND

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $27,405
Investment Income $0
Other Revenue $0
TOTAL REVENUE $27,405

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,051
Fundraising Expenses $0
Other Expenses $13,829
TOTAL EXPENSES $27,880

Year-over-Year Comparison

2022 2021 Change
Revenue $27,405 $41,608 -0.3%
Expenses $27,880 $39,467 -0.3%
Net Income $-475 $2,141 -1.2%
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

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Governance

Voting Members
14
Independent Members
14
Employees
1
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
2
$0
Total Directors
2
$12,923
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES FARNSWORTH EXECUTIVE DI 12.00
Director
$12,923 $0 $12,923
SEE ATTACHED SCHEDULE SEE ATTACHED N/A
Officer Director
$0 $0 $0
THOMAS G SCHRAMER TREASURER 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
2022 $27,405 $27,880 $1,414 $-475
2021 $41,608 $39,467 $2,476 $2,141
2020 $34,170 $41,137 $2,884 $-6,967
2019 $44,745 $59,508 $5,306 $-14,763
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