Friends of Downtown Highland Inc

EIN: 464965455 501(c)(3) Community Improvement

Highland, MI

Total Revenue
$267,387
Total Expenses
$21,358
Total Assets
$238,545
Net Assets
$238,545
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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
2014
Legal Domicile
MI
Principal Officer
Christina R Hamill
Phone
2488876562
Tax Period
2019-01-01 to 2019-12-31

Friends of Downtown Highland Inc, founded in 2014, is a small nonprofit in the Community Improvement sector that reported $267K in total revenue in fiscal year 2019. The organization ran a surplus of $246K, a strong 92% operating margin.

Mission

Funding raising for projects that benefit the Highland Community s downtown area. A playground project at the Highland Twp Public LIbrary was undertaken, funds were raised and Organization will manage the project.

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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 (2019)

Revenue Breakdown

Contributions & Grants $269,065
Program Service Revenue $0
Investment Income $0
Other Revenue $-1,678
TOTAL REVENUE $267,387

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $195
Program Expenses $21,135
Other Expenses $21,358
TOTAL EXPENSES $21,358

Year-over-Year Comparison

2019 2018 Change
Revenue $267,387 N/A N/A
Expenses $21,358 N/A N/A
Net Income $246,029 N/A N/A
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
5
Independent Members
5
Employees
N/A
Volunteers
25

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
4
$0
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christina R Hamill President 000.50
Officer Director
$0 $0 $0
Rick Hamill Director 000.50
Director
$0 $0 $0
Karen Beardsley Treasurer 000.50
Officer Director
$0 $0 $0
Melissa Dashevich Secretary 000.50
Officer Director
$0 $0 $0
Cassie Blascyk Director 000.50
Officer 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
2019 $267,387 $21,358 $238,545 $246,029
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