HILLSBORO DEVELOPMENT ASSOCIATION (EIN 450307693) - 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

1969

Legal Domicile

Principal Officer

SYLVIA HANSON

Phone

7016365945

Tax Period

2023-01-01 to 2023-12-31

HILLSBORO DEVELOPMENT ASSOCIATION, founded in 1969, is a small nonprofit that reported $116K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. The organization ran a surplus of $37K, a strong 32% operating margin.

Mission

SUBSIDIZED HOUSING FOR ELDERLY

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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 $136,136

Program Service Revenue $0

Investment Income $8,513

Other Revenue $-28,548

TOTAL REVENUE $116,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $57,913

Other Expenses $78,722

TOTAL EXPENSES $78,722

Year-over-Year Comparison

	2023	2022	Change
Revenue	$116,101	$124,787	-0.1%
Expenses	$78,722	$78,642	+0.0%
Net Income	$37,379	$46,145	-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

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
SYLVIA HANSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
TIM LUITHE	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT HEBL	TREASURER	1.00	Officer Director	$0	$0	$0
JOHN JULSON	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE KRITZBERGER	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
2023	$116,101	$78,722	$1,295,041	$37,379
2022	$124,787	$78,642	$1,285,051	$46,145
2021	$103,594	$73,771	$1,299,854	$29,823
2020	$123,779	$84,441	$1,320,457	$39,338

HILLSBORO DEVELOPMENT ASSOCIATION