HIGHER AIM

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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

DAVID HICKEY

Phone

8004914400

Tax Period

2024-01-01 to 2024-12-31

HIGHER AIM, founded in 1995, is a small nonprofit in the Unknown sector that reported $503K in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $557K exceeded revenue, resulting in a 11% operating deficit.

Mission

TO EFFECTIVELY COMMUNICATE THE GOSPEL OF OUR LORD JESUS CHRIST TO AS MANY PEOPLE AS POSSIBLE, ENCOURAGING THEM IN THEIR DAILY WALK, AS TO RADICALLY IMPACT OUR GENERATION

Program Service Accomplishments

Program 1

Expenses: $556,624

SPREADING THE GOSPEL VIA A TELEVISION PROGRAM

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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 $502,777

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $502,777

Expense Breakdown

Grants Paid $0

Salaries & Benefits $30,000

Fundraising Expenses $0

Program Expenses $556,624

Other Expenses $526,624

TOTAL EXPENSES $556,624

Year-over-Year Comparison

	2024	2023	Change
Revenue	$502,777	$465,139	+0.1%
Expenses	$556,624	$530,765	+0.0%
Net Income	$-53,847	$-65,626	-0.2%

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

N/A

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

$30,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD BOWDINO	CHAIRMAN OF THE BOARD	20.00	Director	$0	$0	$0
DAVID HICKEY	PRESIDENT	50.00	Director	$30,000	$0	$30,000
CURT DODD	CEO	25.00	Director	$0	$0	$0
RICH ZEHNACKER	DIRECTOR	20.00	Director	$0	$0	$0
TOM MORRISON	DIRECTOR	20.00	Director	$0	$0	$0
JOHN PRYOR	SECRETARY	20.00	Director	$0	$0	$0
MARTY NORDLUND	TREASURER	20.00	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	$502,777	$556,624	$292,138	$-53,847
2023	$465,139	$530,765	$345,047	$-65,626
2022	$511,745	$445,016	$405,163	$66,729
2021	$525,180	$448,173	$337,865	$77,007
2020	$536,437	$454,855	$260,858	$81,582