Highland Merchants Association 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

1980

Legal Domicile

Principal Officer

James Emerson

Tax Period

2023-01-01 to 2023-12-31

Highland Merchants Association Inc, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $110K in total revenue in fiscal year 2023. Revenue surged 283% from the prior year, signaling strong growth momentum. The organization ran a surplus of $72K, a strong 65% operating margin.

Mission

Economic development and growth of community businesses.

Program Service Accomplishments

Program 1

Expenses: $25,246 Revenue: $106,915

The primary exempt purpose is to further economic development and growth of business concerns and also for the benefit of the community. The farmers market, taste of highlands, harvest festival, and street fair are community events that promoted economic development between area businesses and the surrounding commnunity.

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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 $3,150

Program Service Revenue $106,915

Investment Income $0

Other Revenue $0

TOTAL REVENUE $110,065

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $25,246

Other Expenses $38,096

TOTAL EXPENSES $38,096

Year-over-Year Comparison

	2023	2022	Change
Revenue	$110,065	$28,722	+2.8%
Expenses	$38,096	$31,899	+0.2%
Net Income	$71,969	$-3,177	-23.7%

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
Angie Vossler	Secretary	2.00	Officer	$0	$0	$0
Katie Wafer Gillberg	Treasurer	2.00	Officer	$0	$0	$0
James Emerson	Co-Chair	5.00	Officer	$0	$0	$0
Sandy Thompson	Co-Chair	2.00	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	$110,065	$38,096	$173,743	$71,969
2022	$28,722	$31,899	$101,774	$-3,177
2021	$27,735	$25,810	$104,951	$1,925
2020	$95,501	$70,583	$103,026	$24,918
2019	$296,862	$266,686	$76,436	$30,176
2018	$201,969	$208,616	$46,260	$-6,647