HEAD CORPORATION (EIN 610865310) - 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

1974

Legal Domicile

Principal Officer

LON OLIVER

Tax Period

2024-01-01 to 2024-12-31

HEAD CORPORATION, founded in 1974, is a micro nonprofit in the Community Improvement sector that reported $89K in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $85K left a modest 5% surplus.

Mission

TO SUPPORT COMMUNITY AND ECONOMIC DEVELOPMENT EFFORTS IN CENTRAL APPALACHIA. THE ORGANIZATION'S ACTIVITIES INCLUDE PROVIDING ADMINISTRATIVE SERVICES TO THE APPALACHIAN FEDERAL CREDIT UNION AND PROVIDING LOANS FOR ECONOMIC DEVELOPMENT PURPOSES.

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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 $20,000

Program Service Revenue $66,899

Investment Income $2,011

Other Revenue $0

TOTAL REVENUE $88,910

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $77,948

Other Expenses $84,555

TOTAL EXPENSES $84,555

Year-over-Year Comparison

	2024	2023	Change
Revenue	$88,910	$77,379	+0.1%
Expenses	$84,555	$117,323	-0.3%
Net Income	$4,355	$-39,944	-1.1%

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
LON OLIVER	ACTING CHAIR	N/A	Officer	$0	$0	$0
KAYE HALL	DIRECTOR	N/A	Director	$0	$0	$0
SHERRY TRENT	DIRECTOR	N/A	Director	$0	$0	$0
MAE HUMISTON	DIRECTOR	N/A	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	$88,910	$84,555	$1,859,586	$4,355
2023	$77,379	$117,323	$1,985,400	$-39,944
2022	$91,906	$133,767	$2,115,164	$-41,861
2021	$77,415	$102,336	$2,162,268	$-24,921
2020	$73,096	$87,624	$2,075,158	$-14,528
2019	$92,597	$87,348	$2,044,484	$5,249
2018	$91,416	$84,748	$1,982,094	$6,668

HEAD CORPORATION