BUSINESS HIGH POINT 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

1908

Legal Domicile

Principal Officer

RACHEL COLLINS

Phone

3368825000

Tax Period

2023-01-01 to 2023-12-31

BUSINESS HIGH POINT INC, founded in 1908, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring.

Mission

BUSINESS HIGH POINT, INC. IS DEDICATED TO ENCOURAGING ECONOMIC GROWTH IN THE PIEDMONT TRIAD REGION OF NORTH CAROLINA. IT IS AN ADVOCATE FOR OUR MEMBERS AND OUR COMMUNITY ON BUSINESS-RELATED ISSUES AND PARTICIPATES IN INITIATIVES THAT POSITIVELY AFFECT THE QUALITY OF LIFE IN OUR COMMUNITY. THROUGH MEMBER FEEDBACK, BHP PROVIDES BENEFITS AND SERVICES TO HELP OUR MEMBERS REACH THEIR BUSINESS POTENTIAL AND OUR COMMUNITY TO REMAIN GLOBALLY COMPETITIVE.

Program Service Accomplishments

Program 1

BUSINESS HIGH POINT, INC. ENCOURAGES A POSITIVE BUSINESS ENVIRONMENT IN THE HIGH POINT AREA. IT SUPPORTS BUSINESS LEADERSHIP DEVELOPMENT. IT ALSO FOSTERS INTERACTION AMONG VARIOUS MEMBERS OF THE...

BUSINESS HIGH POINT, INC. ENCOURAGES A POSITIVE BUSINESS ENVIRONMENT IN THE HIGH POINT AREA. IT SUPPORTS BUSINESS LEADERSHIP DEVELOPMENT. IT ALSO FOSTERS INTERACTION AMONG VARIOUS MEMBERS OF THE BUSINESS COMMUNITY THROUGH GROUP FORUMS, PROFESSIONAL DEVELOPMENT AND VARIOUS PROGRAMS.

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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 $928,919

Program Service Revenue $885,652

Investment Income $69,326

Other Revenue $4,022

TOTAL REVENUE $1,887,919

Expense Breakdown

Grants Paid $0

Salaries & Benefits $774,039

Fundraising Expenses $0

Other Expenses $1,235,351

TOTAL EXPENSES $2,009,390

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,887,919	$5,247,992	-0.6%
Expenses	$2,009,390	$1,470,786	+0.4%
Net Income	$-121,471	$3,777,206	-1.0%

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

$183,438

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DARLENE LEONARD	TREASURER/DIRECTOR	2.00	Officer Director	$0	$0	$0
AMY SMITH	DIRECTOR	1.00	Director	$0	$0	$0
DR JIM HOESTRA	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT TILLEY	DIRECTOR	1.00	Director	$0	$0	$0
TAMMY NAGEM	DIRECTOR	1.00	Director	$0	$0	$0
LENNY PETERS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID RAMSEY	SECRETARY	2.00	Officer Director	$0	$0	$0
EARL CONGDON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID COVINGTON	DIRECTOR	1.00	Director	$0	$0	$0
MELODY BURNETT	DIRECTOR	1.00	Director	$0	$0	$0
ALAN SCHEPPMANN	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS DUNBAR	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS BRYAN	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY DAVIS WILLIAMS	DIRECTOR	1.00	Director	$0	$0	$0
CHAD FRYE	DIRECTOR	1.00	Director	$0	$0	$0
IV CULP	DIRECTOR	1.00	Director	$0	$0	$0
MAURICE HULL	DIRECTOR	1.00	Director	$0	$0	$0
BARRY KITLEY	DIRECTOR	1.00	Director	$0	$0	$0
DENO ADKINS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID MILLER	DIRECTOR	1.00	Director	$0	$0	$0
MARK NORCROSS	DIRECTOR	1.00	Director	$0	$0	$0
MARK PRINCE	DIRECTOR	1.00	Director	$0	$0	$0
JULIE MESSNER	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ROGERS	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY CLARKE	DIRECTOR	1.00	Director	$0	$0	$0
REV FRANK THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
GREG YORK	CHAIRMAN	5.00	Officer Director	$0	$0	$0
JAY WAGNER	DIRECTOR	1.00	Director	$0	$0	$0
ALEX MOORE	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL COLLINS	PRESIDENT & CEO	40.00	Officer	$173,167	$10,271	$183,438

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	$1,887,919	$2,009,390	$3,909,270	$-121,471
2022	$5,247,992	$1,470,786	$4,151,194	$3,777,206
2021	$849,981	$1,028,831	$190,172	$-178,850
2020	$859,925	$946,976	$194,858	$-87,051
2019	$841,729	$1,014,879	$126,072	$-173,150
2018	$821,495	$914,343	$159,205	$-92,848