HIGHLAND ATHLETIC FACILITIES ASSOC… - Form 990 Financial Data

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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

Principal Officer

MARK SOLLENBERGER

Phone

3308352040

Tax Period

2024-01-01 to 2024-12-31

HIGHLAND ATHLETIC FACILITIES ASSOCIATION, founded in 2014, is a micro nonprofit in the Education sector that reported $61K in total revenue in fiscal year 2024. Revenue surged 30% from the prior year, signaling strong growth momentum. Expenses of $76K exceeded revenue, resulting in a 25% operating deficit.

Mission

THE HIGHLAND ATHLETIC FACILITIES ASSOCIATION WILL BRING A NEW STADIUM AND ATHLETIC COMPLEX TO HIGHLAND HIGH SCHOOL AND THE COMMUNITY. AMENITIES INCLUDE NEW GRANDSTANDS, CONCESSION STANDS, AN ALL-WEATHER 8-LANE TRACK, TENNIS COURTS AND A SYNTHETIC TURF FIELD. THE MULTI-PURPOSE FACILITY IS BEING BUILT TO SERVE THE FOOTBALL, SOCCER, BASEBALL, SOFTBALL AND CHEERLEADING PROGRAMS AND ENABLES THE COMMUNITY TO HOST ATHLETIC, RECREATIONAL AND SCHOOL EVENTS.

Program Service Accomplishments

Program 1

Expenses: $75,850 Revenue: $60,562

THE HIGHLAND ATHLETIC FACILITIES ASSOCIATION RAISES FUNDS FOR THE CONSTRUCTION OF A NEW PUBLIC SCHOOL STADIUM AND ATHLETIC COMPLEX TO SUPPORT THE SCHOOL'S ATHLETIC PROGRAMS AND PROVIDE A RECREATIONAL...

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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 $60,562

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $60,562

Expense Breakdown

Grants Paid $75,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $75,850

Other Expenses $850

TOTAL EXPENSES $75,850

Year-over-Year Comparison

	2024	2023	Change
Revenue	$60,562	$46,695	+0.3%
Expenses	$75,850	$750	+100.1%
Net Income	$-15,288	$45,945	-1.3%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH KOHMANN	PRESIDENT	6.00	Officer Director	$0	$0	$0
JOHN KIM	SECRETARY	4.00	Officer Director	$0	$0	$0
MARK SOLLENBERGER	TREASURER	5.00	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
2024	$60,562	$75,850	$34,477	$-15,288
2023	$46,695	$750	$49,765	$45,945
2022	$82,770	$85,750	$3,820	$-2,980
2021	$81,184	$80,800	$6,800	$384
2020	$112,575	$186,839	$6,416	$-74,264
2019	$84,150	$120,887	$80,680	$-36,737
2018	$218,623	$274,606	$117,417	$-55,983

HIGHLAND ATHLETIC FACILITIES ASSOCIATION