HIGHGATE CHARITABLE FOUNDATION INC (EIN 825209087) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

MAHMOOD KHIMJI

Phone

9724449700

Tax Period

2023-01-01 to 2023-12-31

HIGHGATE CHARITABLE FOUNDATION INC, founded in 2018, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.4M in total revenue in fiscal year 2023. Revenue surged 46% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.1M, a strong 87% operating margin.

Mission

HIGHGATE CHARITABLE FOUNDATION'S MISSION IS TO SUPPORT PHILANTHROPIC ORGANIZATIONS AND COMMUNITIES WORLDWIDE THAT ADDRESS ISSUES RELATED TO POVERTY, EDUCATION, AND HEALTH CARE.

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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 $2,420,997

Program Service Revenue $0

Investment Income $46,403

Other Revenue $-17,969

TOTAL REVENUE $2,449,431

Expense Breakdown

Grants Paid $303,194

Salaries & Benefits $0

Fundraising Expenses $8,507

Program Expenses $303,194

Other Expenses $16,776

TOTAL EXPENSES $319,970

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,449,431	$1,680,607	+0.5%
Expenses	$319,970	$174,151	+0.8%
Net Income	$2,129,461	$1,506,456	+0.4%

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

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MAHMOOD KHIMJI	PRESIDENT	1.00	Officer Director	$0	$0	$0
NAZNIN KHIMJI	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RICKEY D WHITWORTH	SECRETARY	1.00	Officer 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	$2,449,431	$319,970	$4,599,630	$2,129,461
2022	$1,680,607	$174,151	$2,469,556	$1,506,456
2021	$577,653	$151,283	$958,934	$426,370
2020	$858,414	$2,066,554	$522,067	$-1,208,140
2019	$1,834,086	$81,709	$1,736,295	$1,752,377

HIGHGATE CHARITABLE FOUNDATION INC