HIGHLAND RIM ECONOMIC CORPORATION (EIN 620757461) - 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

1996

Legal Domicile

Principal Officer

JANE HAMRICK

Phone

9312894104

Tax Period

2023-07-01 to 2024-06-30

HIGHLAND RIM ECONOMIC CORPORATION, founded in 1996, is a community nonprofit in the Community Improvement sector that reported $7.0M in total revenue in fiscal year 2023. Revenue surged 59% from the prior year, signaling strong growth momentum.

Mission

TO COORDINATE RESOURCES TO EMPOWER AND TO INSPIRE PEOPLE TO REACH THEIR FULL POTENTIAL.

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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 $7,003,907

Program Service Revenue $0

Investment Income $2,766

Other Revenue $3,654

TOTAL REVENUE $7,010,327

Expense Breakdown

Grants Paid $1,485,140

Salaries & Benefits $2,260,907

Fundraising Expenses $0

Program Expenses $6,797,919

Other Expenses $3,254,311

TOTAL EXPENSES $7,000,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,010,327	$4,413,638	+0.6%
Expenses	$7,000,358	$4,353,125	+0.6%
Net Income	$9,969	$60,513	-0.8%

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

Employees

Volunteers

600

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
DAVID BROWN	EXECUTIVE DI	40.00	Officer	$0	$0	$0
PAUL BAILEY	VICE CHAIRPE	1.00	Officer Director	$0	$0	$0
KRISTY HOLLINSWORTH	SECRETARY	1.00	Officer Director	$0	$0	$0
CHRISTINE CLARK	DIRECTOR	1.00	Director	$0	$0	$0
LYNN COFFINBERRY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE CRAIG	DIRECTOR	1.00	Director	$0	$0	$0
JAMIE DAVENPORT	DIRECTOR	1.00	Director	$0	$0	$0
KENNETH DOUGLAS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DUNLAP	DIRECTOR	1.00	Director	$0	$0	$0
BOB RIAL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER ROBERTSON	DIRECTOR	1.00	Director	$0	$0	$0
PAULA SKELTON	DIRECTOR	1.00	Director	$0	$0	$0
JOAN WARREN	DIRECTOR	1.00	Director	$0	$0	$0
JACKIE GRUNTS	CHAIRPERSON	1.00	Director	$0	$0	$0
MIKE POGREBA	DIRECTOR	1.00	Director	$0	$0	$0
JOEY BRAKE	DIRECTOR	1.00	Director	$0	$0	$0
RACHAEL MATHIS	DIRECTOR	1.00	Director	$0	$0	$0
BOO BEECHUM	DIRECTOR	1.00	Director	$0	$0	$0
AMANDA LEE	DIRECTOR	1.00	Director	$0	$0	$0
JANE HAMRICK	EXECUTIVE DI	N/A	Officer	$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	$7,010,327	$7,000,358	$2,592,698	$9,969
2023	$4,413,638	$4,353,125	$2,230,166	$60,513
2022	$4,022,465	$4,143,359	$2,075,527	$-120,894
2021	$4,959,644	$5,006,960	$2,096,684	$-47,316
2020	$3,840,274	$3,823,948	$2,167,845	$16,326
2019	$3,795,812	$3,781,270	$2,383,341	$14,542
2018	$3,263,732	$3,286,836	$2,237,980	$-23,104

HIGHLAND RIM ECONOMIC CORPORATION