HIGHER EDGE INC (EIN 462852512) - 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

2013

Legal Domicile

Phone

8604390034

Tax Period

2023-07-01 to 2024-06-30

HIGHER EDGE INC, founded in 2013, is a small nonprofit in the Education sector that reported $349K in total revenue in fiscal year 2023. Revenue surged 91% from the prior year, signaling strong growth momentum. Expenses of $328K left a modest 6% surplus.

Mission

HIGHER EDGE GUIDES LOW-INCOME AND FIRST-GENERATION STUDENTS THROUGH ENROLLMENT, RETENTION, AND GRADUATION FROM COLLEGE BY PROVIDING THE SUPPORT AND RESOURCES NEEDED FOR SUCCESS.

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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 $348,057

Program Service Revenue $0

Investment Income $39

Other Revenue $1,267

TOTAL REVENUE $349,363

Expense Breakdown

Grants Paid $0

Salaries & Benefits $233,629

Fundraising Expenses $1,928

Program Expenses $266,192

Other Expenses $94,041

TOTAL EXPENSES $327,670

Year-over-Year Comparison

	2023	2022	Change
Revenue	$349,363	$182,985	+0.9%
Expenses	$327,670	$244,586	+0.3%
Net Income	$21,693	$-61,601	-1.4%

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

$70,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATIE HALLISEY	Executive Dir.	40.00	Director	$70,000	$0	$70,000
KEITH TURNER	Director	2.00	Director	$0	$0	$0
SAM NASSETTA	Director	2.00	Director	$0	$0	$0
JOHN BAIROS	Director	2.00	Director	$0	$0	$0
SARAH J BAKER BAILEY PHD	Secretary	2.00	Officer Director	$0	$0	$0
ERICA RODRIQUEZ	Director	2.00	Director	$0	$0	$0
SHINEIKA FAREUS	Director	2.00	Director	$0	$0	$0
TORI HEIM	Treasurer	2.00	Officer	$0	$0	$0
DEVON BUTLER	President	2.00	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
2025	No data	No data	No data	No data
2024	$349,363	$327,670	$195,772	$21,693
2022	$271,923	$238,294	$220,221	$33,629
2021	$303,020	$241,328	$202,167	$61,692
2020	$262,436	$267,908	$177,780	$-5,472
2019	$239,205	$323,944	$128,606	$-84,739

HIGHER EDGE INC