HIGHLANDER PHASE I QALICB INC (EIN 474677824) - 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

2015

Legal Domicile

Principal Officer

CYDNEY FRANKLIN

Phone

4025022770

Tax Period

2023-01-01 to 2023-12-31

HIGHLANDER PHASE I QALICB INC, founded in 2015, is a mid-sized nonprofit that reported $23.6M in total revenue in fiscal year 2023. Revenue surged 3097% from the prior year, signaling strong growth momentum. Expenses of $22.6M left a modest 4% surplus.

Mission

TO FACILITATE THE CREATION OF HEALTHY, SUSTAINABLE, MIXED-INCOME COMMUNITIES IN THE HIGHLANDER NEIGHBORHOOD OF NORTH OMAHA AND TO EXPAND ACCESS TO QUALITY SCHOOLS, RECREATIONAL FACILITIES, RETAIL OPERATIONS, AND OTHER AMENITIES TO ATTRACT NEW PUBLIC AND PRIVATE INVESTMENT IN THE AREA.

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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 $0

Program Service Revenue $23,599,194

Investment Income $262

Other Revenue $0

TOTAL REVENUE $23,599,456

Expense Breakdown

Grants Paid $22,295,342

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $307,253

TOTAL EXPENSES $22,602,595

Year-over-Year Comparison

	2023	2022	Change
Revenue	$23,599,456	$738,238	+31.0%
Expenses	$22,602,595	$1,305,450	+16.3%
Net Income	$996,861	$-567,212	-2.8%

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

N/A

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

$202,803

Total Directors

$202,803

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYDNEY FRANKLIN	PRESIDENT	5.00	Officer Director	$0	$8,882	$202,803
OTHELLO H MEADOWS III	SECRETARY	5.00	Officer Director	$0	$0	$0
THOMAS WARREN	DIRECTOR	1.00	Director	$0	$0	$0
RONDAE HILL	DIRECTOR	1.00	Director	$0	$0	$0
KENNY MCMORRIS	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	$23,599,456	$22,602,595	No data	$996,861
2022	$738,238	$1,305,450	$23,789,899	$-567,212
2021	$743,746	$1,305,254	$24,103,706	$-561,508
2020	$748,869	$1,305,030	$24,416,667	$-556,161
2019	$752,681	$1,196,472	$24,499,610	$-443,791
2018	$761,499	$1,097,403	$26,632,924	$-335,904

HIGHLANDER PHASE I QALICB INC