HIGHLAND SPRINGS INC

EIN: 510536892 501(c)(3) Housing & Shelter

DALLAS, TX

Total Revenue
$66,317,152
Total Expenses
$73,143,444
Total Assets
$313,956,608
Net Assets
$-45,439,894
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MD
Principal Officer
PAMELA PAULK
Phone
9722328000
Tax Period
2023-01-01 to 2023-12-31

HIGHLAND SPRINGS INC, founded in 2005, is a mid-sized nonprofit in the Housing & Shelter sector that reported $66.3M in total revenue in fiscal year 2023. Revenue decreased 11% compared to the prior year. Expenses of $73.1M exceeded revenue, resulting in a 10% operating deficit.

Mission

PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,290,514
Program Service Revenue $64,734,905
Investment Income $50,565
Other Revenue $241,168
TOTAL REVENUE $66,317,152

Expense Breakdown

Grants Paid $222,584
Salaries & Benefits $26,702,477
Fundraising Expenses $35,985
Program Expenses $61,792,569
Other Expenses $46,218,383
TOTAL EXPENSES $73,143,444

Year-over-Year Comparison

2023 2022 Change
Revenue $66,317,152 $74,898,649 -0.1%
Expenses $73,143,444 $86,992,844 -0.2%
Net Income $-6,826,292 $-12,094,195 -0.4%
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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Governance

Voting Members
11
Independent Members
7
Employees
979
Volunteers
1212

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
7
$955,688
Total Directors
13
$1,340,000
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARNOLD SPEERT DIRECTOR (THRU 3/31/23) 0.20
Director
$0 $0 $22,500
BARBARA C BISGAIER DIRECTOR 0.10
Director
$0 $0 $110,000
C JACKSON BAIN DIRECTOR (THRU 3/31/23) 0.20
Director
$0 $0 $22,500
EILEEN G ERSTAD TREASURER 0.10
Officer Director
$0 $0 $167,500
IAN BROWN DIRECTOR (BEG 4/1/23) 0.10
Director
$0 $0 $65,000
MARY D COLINS SECRETARY 0.10
Officer Director
$0 $0 $150,000
MICHAEL W ROSKIEWICZ VICE CHAIR & VICE PRESIDENT 0.10
Officer Director
$0 $0 $110,000
MONTY C LEONARD DIRECTOR 0.10
Director
$0 $0 $87,500
PAMELA D PAULK CHAIR & PRESIDENT 0.40
Officer Director
$0 $0 $87,500
PATRICIA M BROWN DIRECTOR 0.10
Director
$0 $0 $87,500
REV DR ZINA JACQUE DIRECTOR 0.10
Director
$0 $0 $215,000
RUSSELL SHARP DIRECTOR (BEG 4/1/23) 0.10
Director
$0 $0 $65,000
STEPHANIE L REEL DIRECTOR 0.10
Director
$0 $0 $150,000
KEVIN ADAMIC DIRECTOR, FINANCE 40.00
Officer
$129,542 $14,471 $144,013
MARK EMBLEY ASSISTANT TREASURER 0.50
Officer
$0 $0 $0
MATTHEW NEVILLE EXECUTIVE DIRECTOR 40.00
Officer
$272,652 $24,023 $296,675
CINDY GAY PERSONAL MOVING CONSULTANT 40.00
Highest
$136,541 $15,821 $152,362
ROSE ANDERSON MANAGER, HOME SUPPORT 40.00
Highest
$119,971 $7,754 $127,725
SABRINA REIDLAND DIRECTOR, NURSING 40.00
Highest
$146,752 $19,759 $166,511
TERESE SHIELS SALES COUNSELOR 40.00
Highest
$129,560 $12,419 $141,979
JERRI LAMSON SALES COUNSELOR 40.00
Highest
$132,116 $14,080 $146,196
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 No data No data No data No data
2023 $66,317,152 $73,143,444 $313,956,608 $-6,826,292
2022 $74,898,649 $86,992,844 $543,369,660 $-12,094,195
2021 $65,778,330 $73,139,571 $511,119,867 $-7,361,241
2020 $59,130,598 $60,040,576 $416,123,640 $-909,978
2019 $55,496,520 $61,624,464 $353,585,930 $-6,127,944
2018 $49,435,862 $51,870,035 $342,903,947 $-2,434,173
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