HILLABEE TOWERS 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

1984

Legal Domicile

Principal Officer

ALLEN BAKER

Phone

2563290552

Tax Period

2024-10-01 to 2025-09-30

HILLABEE TOWERS INC, founded in 1984, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024.

Mission

TO PROVIDE LOW INCOME HOUSING

Program Service Accomplishments

Program 1

Expenses: $979,572 Revenue: $319,522

TO PROVIDE LOW-INCOME HOUSING (78 1BR UNITS) UNDER SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND REGULATED BY HUD.

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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 $815,288

Program Service Revenue $319,522

Investment Income $4,903

Other Revenue $0

TOTAL REVENUE $1,139,713

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $979,572

Other Expenses $1,154,988

TOTAL EXPENSES $1,154,988

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,139,713	$1,138,588	+0.0%
Expenses	$1,154,988	$1,285,204	-0.1%
Net Income	$-15,275	$-146,616	-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

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
ALLEN BAKER	PRESIDENT	0.10	Director	$0	$0	$0
WILSON GONCE	VICE PRESIDENT	0.10	Director	$0	$0	$0
MIKE KELLY	VICE PRESIDENT	0.10	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	$1,139,713	$1,154,988	$1,891,461	$-15,275
2024	$1,138,588	$1,285,204	$2,005,548	$-146,616
2023	$1,075,626	$1,175,963	$2,156,141	$-100,337
2022	$1,057,087	$1,175,844	$2,268,853	$-118,757
2021	$999,935	$1,063,779	$2,381,795	$-63,844
2020	$1,016,475	$991,102	$2,542,690	$25,373