HIGHER GROUND ACADEMY

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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

1997

Legal Domicile

Principal Officer

SAMUEL YIGZAW

Phone

6516451000

Tax Period

2024-07-01 to 2025-06-30

HIGHER GROUND ACADEMY, founded in 1997, is a mid-sized nonprofit in the Education sector that reported $20.6M in total revenue in fiscal year 2024.

Mission

TO PREPARE STUDENTS TO BECOME SUCCESSFUL, ETHICAL, AND RESPONSIBLE CITIZENS WHO ARE READY FOR ALL THE CHALLENGES OF THE TWENTY-FIRST CENTURY. TO THAT END, STUDENTS GRADUATING FROM THE ACADEMY WILL BE COLLEGE READY, STEWARDS OF THE ENVIRONMENT, AND ETHICAL CITIZENS WHO VALUE HARD WORK, HONESTY, INTEGRITY, EQUITY, AND DIVERSITY.

Program Service Accomplishments

Program 1

Expenses: $14,666,104 Revenue: $27,021

THE GOAL IS TO ENCOURAGE STUDENT'S MAXIMUM INTELLECTUAL AND LEADERSHIP DEVELOPMENT TO MEET 21ST CENTURY STANDARDS OF EDUCATION THROUGH CONCERTED PREPARATION TO PURSUE POST-SECONDARY AND...

THE GOAL IS TO ENCOURAGE STUDENT'S MAXIMUM INTELLECTUAL AND LEADERSHIP DEVELOPMENT TO MEET 21ST CENTURY STANDARDS OF EDUCATION THROUGH CONCERTED PREPARATION TO PURSUE POST-SECONDARY AND POST-BACCALAUREATE STUDIES. IT IS INTENDED THAT STUDENTS GRADUATING FROM HIGHER GROUND ACADEMY WILL BE ADEQUATELY PREPARED TO ASSUME LEADERSHIP ROLES IN THEIR COMMUNITIES AND IN THEIR FIELDS OF ENDEAVOR. DURING THE FISCAL YEAR ENDED JUNE 30, 2025 THE ACADEMY SERVED AN ESTIMATED 1,137 STUDENTS.

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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 $20,397,280

Program Service Revenue $27,021

Investment Income $149,547

Other Revenue $0

TOTAL REVENUE $20,573,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,759,342

Fundraising Expenses $0

Program Expenses $14,666,104

Other Expenses $8,252,541

TOTAL EXPENSES $20,011,883

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,573,848	$19,768,393	+0.0%
Expenses	$20,011,883	$19,283,536	+0.0%
Net Income	$561,965	$484,857	+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

208

Volunteers

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

$86,113

Key Employees

$224,212

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LIBAN AHMED	BOARD MEMBER	42.00	Director	$69,014	$17,099	$86,113
DANIEL MCGRATH	CHAIR	2.00	Officer Director	$0	$0	$0
DENISE TOUSSAINT	VICE CHAIR/TREASURER	2.00	Officer Director	$0	$0	$0
BRIAN SWERINE	SECRETARY	2.00	Officer Director	$0	$0	$0
BASIMA MOHAMUD	BOARD MEMBER	2.00	Director	$0	$0	$0
SHANNON TANGHE	BOARD MEMBER	2.00	Director	$0	$0	$0
MARY TATE	BOARD MEMBER	2.00	Director	$0	$0	$0
SAMUEL YIGZAW	EXECUTIVE DIRECTOR	42.00	Key Emp	$197,175	$27,037	$224,212

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	$20,573,848	$20,011,883	$18,453,608	$561,965
2024	$19,768,393	$19,283,536	$18,075,430	$484,857
2023	$19,189,915	$17,123,856	$18,470,121	$2,066,059
2022	$19,599,738	$16,627,339	$16,745,157	$2,972,399
2021	$16,161,479	$14,884,281	$14,123,889	$1,277,198
2020	$14,107,981	$14,177,659	$10,726,673	$-69,678
2019	$11,090,410	$9,419,055	$11,530,136	$1,671,355
2018	$10,838,933	$11,853,830	$12,093,003	$-1,014,897