HUMAN RESOURCE ASSOCIATION OF THE MIDLANDS (EIN 470794276) - 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

1990

Legal Domicile

Principal Officer

MARY ERIKSEN

Phone

4029321007

Tax Period

2024-01-01 to 2024-12-31

HUMAN RESOURCE ASSOCIATION OF THE MIDLANDS, founded in 1990, is a small nonprofit that reported $176K in total revenue in fiscal year 2024. Revenue fell 24% from the prior year — a significant decline worth monitoring. Expenses of $251K exceeded revenue, resulting in a 42% operating deficit.

Mission

REPRESENT THE INTEREST OF PROFESSIONALS AND STUDENT MEMBERS OF THE HUMAN RESOURCE PROFESSION THROUGH EDUCATIONAL, DEVELOPMENTAL AND PROFESSIONAL INTERACTION FORUMS.

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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 $84,570

Program Service Revenue $35,455

Investment Income $10,034

Other Revenue $46,004

TOTAL REVENUE $176,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $151,331

Fundraising Expenses $0

Program Expenses $27,912

Other Expenses $99,290

TOTAL EXPENSES $250,621

Year-over-Year Comparison

	2024	2023	Change
Revenue	$176,063	$231,771	-0.2%
Expenses	$250,621	$231,285	+0.1%
Net Income	$-74,558	$486	-154.4%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN OWEN	PRESIDENT	005.00	Officer Director	$0	$0	$0
MARY ERIKSEN	TREASURER	005.00	Officer Director	$0	$0	$0
BRYN REED	PRESIDENT ELECT	005.00	Officer Director	$0	$0	$0
CARRIE SVENDSEN	PAST PRESIDENT	002.00	Director	$0	$0	$0
KARA TERI	SECRETARY	005.00	Director	$0	$0	$0
NICOLETTE VILWOK	ASSISTANT SECRETARY	005.00	Director	$0	$0	$0
SCOTT S MOORE	LEGAL ADVISOR	005.00	Director	$0	$0	$0
NICOLE MURRY	INCOMING PRESIDENT	005.00	Officer Director	$0	$0	$0
TERENCE COLEMAN	ASSISTANT TREASURER	005.00	Officer Director	$0	$0	$0
SARAH SCHULZ	EXEC DIRECTOR	040.00	Key Emp	$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
2024	$176,063	$250,621	$73,583	$-74,558
2023	$231,771	$231,285	$145,672	$486
2022	$155,050	$249,408	$145,199	$-94,358
2021	$253,371	$229,466	$241,006	$23,905
2020	$203,801	$227,214	$217,227	$-23,413
2019	$309,386	$289,142	$245,200	$20,244
2018	$226,980	$262,584	$225,765	$-35,604

HUMAN RESOURCE ASSOCIATION OF THE MIDLANDS