HIGHLAND SHORES OWNERS ASSN 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

JOHN GILBERTI

Phone

2148919599

Tax Period

2023-01-01 to 2023-12-31

HIGHLAND SHORES OWNERS ASSN INC, founded in 1984, is a community nonprofit that reported $1.6M in total revenue in fiscal year 2023. Expenses of $1.8M exceeded revenue, resulting in a 11% operating deficit.

Mission

TO PROVIDE FOR MAINTENANCE, PRESERVATION AND ARCHITECTURAL CONTROL OF THE DEVELOPMENT AND TO PROMOTE THE HEALTH, SAFETY AND WELFARE OF ITS RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $923,099

ASSESSMENT OF DUES FROM MEMBERSHIP USED TO FUND REPAIRS AND MAINTENANCE TO COMMON PROPERTIES.

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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 $0

Program Service Revenue $1,564,908

Investment Income $49,405

Other Revenue $0

TOTAL REVENUE $1,614,313

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $923,099

Other Expenses $1,784,454

TOTAL EXPENSES $1,784,454

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,614,313	$1,558,229	+0.0%
Expenses	$1,784,454	$1,548,441	+0.2%
Net Income	$-170,141	$9,788	-18.4%

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

Governance

Voting Members

Independent Members

N/A

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
JOHN GILBERTI	SECRETARY/TR	N/A	Officer Director	$0	$0	$0
JOE HAMILTON	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
RANDY FENTON	DIRECTOR	N/A	Officer	$0	$0	$0
BILL MEEK	DIRECTOR	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	No data	No data	No data	No data
2023	$1,614,313	$1,784,454	$1,845,712	$-170,141
2022	$1,558,229	$1,548,441	$1,914,478	$9,788
2021	$1,551,647	$1,509,329	$2,179,490	$42,318
2020	$1,554,124	$1,442,674	$2,172,321	$111,450