HIGHLAND PARK QUALITY OF LIFE FOUNDATION INC

EIN: 751937766 501(c)(3) Community Improvement

HIGHLAND PARK, TX

Total Revenue
$124,729
Total Expenses
$55,673
Total Assets
$2,816,250
Net Assets
$2,816,250
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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
1983
Legal Domicile
TX
Principal Officer
LAURENCE NIXON
Phone
2145214161
Tax Period
2023-01-01 to 2023-12-31

HIGHLAND PARK QUALITY OF LIFE FOUNDATION INC, founded in 1983, is a small nonprofit in the Community Improvement sector that reported $125K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. The organization ran a surplus of $69K, a strong 55% operating margin.

Mission

FUNDING OF VARIOUS PROGRAM SERVICES TO THE TOWN OF HIGHLAND PARK

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,000
Program Service Revenue $0
Investment Income $122,729
Other Revenue $0
TOTAL REVENUE $124,729

Expense Breakdown

Grants Paid $32,609
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $54,393
Other Expenses $23,064
TOTAL EXPENSES $55,673

Year-over-Year Comparison

2023 2022 Change
Revenue $124,729 $97,143 +0.3%
Expenses $55,673 $146,938 -0.6%
Net Income $69,056 $-49,795 -2.4%
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

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Governance

Voting Members
8
Independent Members
8
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
3
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEPHANIE BAKER VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
LAURENCE W NIXON PRESIDENT 1.00
Officer Director
$0 $0 $0
MARGO GOODWIN DIRECTOR 1.00
Director
$0 $0 $0
ROBERT FARROW DIRECTOR 1.00
Director
$0 $0 $0
LYDIA NOVAKOV DIRECTOR 1.00
Director
$0 $0 $0
LINDA CUSTARD DIRECTOR 1.00
Director
$0 $0 $0
GAIL MADDEN DIRECTOR 1.00
Officer Director
$0 $0 $0
DONALD SNELL DIRECTOR 1.00
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
2024 No data No data No data No data
2023 $124,729 $55,673 $2,816,250 $69,056
2022 $97,143 $146,938 $2,747,168 $-49,795
2021 $86,271 $26,091 $2,796,890 $60,180
2020 $83,623 $16,606 $2,736,710 $67,017
2019 $1,078,930 $17,597 $2,669,693 $1,061,333
2018 $54,065 $13,843 $1,608,360 $40,222
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