HIGHLAND RIM TERRACE 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

1995

Legal Domicile

Principal Officer

MARK RICE

Phone

6153253245

Tax Period

2022-07-01 to 2023-06-30

HIGHLAND RIM TERRACE INC, founded in 1995, is a small nonprofit that reported $786K in total revenue in fiscal year 2022. Revenue surged 69% from the prior year, signaling strong growth momentum. The organization ran a surplus of $493K, a strong 63% operating margin.

Mission

PROVIDING AFFORDABLE HOUSING FOR THE SENIOR CITIZEN COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $239,939 Revenue: $100,447

PROVISION OF 52 APARTMENT UNITS TO SENIOR RESIDENTS AS AFFORDABLE HOUSING. HIGHLAND RIM TERRACE WAS SOLD DURING FYE JUNE 30, 2023.

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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 $109,159

Program Service Revenue $100,447

Investment Income $576,276

Other Revenue $0

TOTAL REVENUE $785,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $71,646

Fundraising Expenses $0

Program Expenses $239,939

Other Expenses $221,388

TOTAL EXPENSES $293,034

Year-over-Year Comparison

	2022	2021	Change
Revenue	$785,882	$464,769	+0.7%
Expenses	$293,034	$448,502	-0.3%
Net Income	$492,848	$16,267	+29.3%

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

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

$55,331

Total Directors

$31,228

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK RICE	EXECUTIVE DI	40.00	Officer	$55,331	$0	$55,331
DEBBIE BROCK	ADMINISTRATO	30.00	Director	$31,228	$0	$31,228
STEVE HALEY	PRESIDENT	0.00	Officer Director	$0	$0	$0
GEORGE CRUMLEY	TREASURER	0.00	Officer Director	$0	$0	$0
ROGER SCHMIDT	BOARD MEMBER	0.00	Director	$0	$0	$0
STEVE POWERS	BOARD MEMBER	0.00	Director	$0	$0	$0
ROY DRUSKY	BOARD MEMBER	0.00	Director	$0	$0	$0
MIKE LITTELL	BOARD MEMBER	0.00	Director	$0	$0	$0
DAVE SWATZELL	BOARD MEMBER	0.00	Director	$0	$0	$0
MIKE HEWITT	BOARD MEMBER	0.00	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
2023	$785,882	$293,034	No data	$492,848
2022	$464,769	$448,502	$649,205	$16,267
2021	$473,379	$458,172	$686,971	$15,207
2020	$465,840	$458,700	$721,893	$7,140
2019	$464,016	$431,995	$761,004	$32,021