HIGHLAND TERRACE OF PRESTONSBURG INC (EIN 610966651) - 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

1968

Legal Domicile

Principal Officer

CHRISTENE LAYNE

Phone

6068861927

Tax Period

2024-07-01 to 2025-06-30

HIGHLAND TERRACE OF PRESTONSBURG INC, founded in 1968, is a small nonprofit in the Housing & Shelter sector that reported $833K in total revenue in fiscal year 2024. Expenses of $772K left a modest 7% surplus.

Mission

THE MISSION OF HIGHLAND TERRACE OF PRESTONSBURG, INC. IS TO PROVIDE DECENT, SAFE, SANITARY, AND AFFORDABLE HOUSING TO EXTREMELY LOW, VERY LOW AND LOW INCOME ELDERLY INDIVIDUALS.

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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 $0

Program Service Revenue $810,060

Investment Income $218

Other Revenue $22,308

TOTAL REVENUE $832,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $148,678

Fundraising Expenses $0

Program Expenses $697,911

Other Expenses $623,707

TOTAL EXPENSES $772,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$832,586	$802,459	+0.0%
Expenses	$772,385	$771,221	+0.0%
Net Income	$60,201	$31,238	+0.9%

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
DR EUGENE BLACKBURN	VICE CHAIR	N/A	Officer Director	$0	$0	$0
REV BOB CARPENTER	CHAIRMAN	N/A	Officer Director	$0	$0	$0
REV KEVIN JETT	DIRECTOR	N/A	Director	$0	$0	$0
CHRISTENE LAYNE	ADMINISTRATO	N/A	Officer Director	$0	$0	$0
JERRY MEEK	DIRECTOR	N/A	Director	$0	$0	$0
REVEREND TOMMY POE	DIRECTOR	N/A	Director	$0	$0	$0
REVEREND JASON RUDAS	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
2025	$832,586	$772,385	$1,016,984	$60,201
2024	$802,459	$771,221	$1,018,104	$31,238
2023	$773,985	$732,697	$1,025,599	$41,288
2022	$729,022	$690,207	$1,032,232	$38,815
2021	$720,347	$684,307	$1,021,386	$36,040
2020	$713,701	$639,124	$1,023,828	$74,577
2019	$699,671	$649,710	$974,158	$49,961

HIGHLAND TERRACE OF PRESTONSBURG INC