HIGH POINT REALTY ASSOCIATES INC (EIN 561917939) - 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

1994

Legal Domicile

Principal Officer

RACHEL L SATTERFIELD

Phone

9196842006

Tax Period

2022-07-01 to 2023-02-28

HIGH POINT REALTY ASSOCIATES INC, founded in 1994, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2022. Expenses of $35.0M exceeded revenue, resulting in a 2993% operating deficit.

Mission

TO RECEIVE, ACQUIRE, HOLD, AND MANAGE PROPERTY TO BENEFIT DUKE UNIVERSITY AND ITS AFFILIATES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $1,131,282

TOTAL REVENUE $1,131,282

Expense Breakdown

Grants Paid $34,963,361

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $34,985,861

Other Expenses $22,500

TOTAL EXPENSES $34,985,861

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,131,282	$-1,668,718	-1.7%
Expenses	$34,985,861	$43,269	+807.6%
Net Income	$-33,854,579	$-1,711,987	+18.8%

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

N/A

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

$1,659,219

Total Directors

$1,659,219

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RACHEL L SATTERFIELD	DIRECTOR/TREASURER	0.10	Officer Director	$0	$50,257	$561,492
SCOTT F SELIG	DIRECTOR/SECRETARY	0.10	Officer Director	$0	$66,085	$463,123
VICTORIA L NEVOIS	DIRECTOR/VICE PRESIDENT	0.10	Officer Director	$0	$45,270	$407,276
CONSTANCE BADGER	DIRECTOR/PRESIDENT	0.10	Officer Director	$0	$36,705	$227,328

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	$1,131,282	$34,985,861	No data	$-33,854,579
2022	$-1,668,718	$43,269	$39,448,930	$-1,711,987
2021	$142,592	$946,156	$35,569,066	$-803,564
2020	$-111,209	$4,828,686	$37,211,144	$-4,939,895
2019	$1,521,332	$2,749,485	$41,311,725	$-1,228,153

HIGH POINT REALTY ASSOCIATES INC