HIGHLAND SPRINGS INC

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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

2005

Legal Domicile

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

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - HIGHLAND SPRINGS, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Program Service Accomplishments

Program 1

Expenses: $61,792,569 Revenue: $64,734,905

HIGHLAND SPRINGS PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,104 INDEPENDENT LIVING UNITS, 28 ASSISTED LIVING UNITS, 44 SKILLED NURSING BEDS, AND 36 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

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

$955,688

Total Directors

$1,340,000

Key Employees

Highest Compensated

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