THE HIGHLANDS COMMUNITY ASSOCIATIO… - Form 990 Financial Data

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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

2019

Legal Domicile

Principal Officer

MICHAEL CRAHAN

Phone

4809217500

Tax Period

2023-01-01 to 2023-12-31

THE HIGHLANDS COMMUNITY ASSOCIATION INC, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 81% from the prior year, signaling strong growth momentum. Expenses of $1.7M exceeded revenue, resulting in a 19% operating deficit.

Mission

THE HIGHLANDS COMMUNITY ASSOCIATION, INC. (THE "ASSOCIATION") IS A TEXAS NON-PROFIT CORPORATION ORGANIZED TO PROVIDE QUASI-GOVERNMENTAL, CITY-LIKE MUNICIPAL SERVICES, SUCH AS, ARCHITECTURAL ZONING AND MONITORING; SAFETY LAW ENFORCEMENT PATROL; COMMON AREA MAINTENANCE, REPAIR, AND IMPROVEMENT; AND PARK, LAKE, GREEN SPACE AND TRAIL MAINTENANCE AND IMPROVEMENT FOR THE BENEFIT AND BETTERMENT OF THE HIGHLANDS COMMUNITY (THE "COMMUNITY").

Program Service Accomplishments

Program 1

Expenses: $1,263,984 Revenue: $1,437,551

THE ASSOCIATION MAINTAINS, IRRIGATES AND LANDSCAPES BOULEVARDS, ESPLANADES, ENTRANCES, ROADSIDES AND COMMON AREAS. THIS MAINTENANCE ENHANCES AND BEAUTIFIES THE COMMUNITY AND IS NECESSARY FOR PUBLIC SAFETY AND HEALTH REASONS. THE ASSOCIATION ALSO MAINTAINS THE PRIVATE ROADS WITHIN THE SUBDIVISION. IN ADDITION, THE ASSOCIATION PROVIDES AND MAINTAINS A GOLF COURSE, RECREATIONAL FACILITIES, LAKES, PARKS AND GREEN SPACE, AND SCENIC TRAILS. IT PROCURES THE SERVICES OF A MANAGEMENT COMPANY TO ADMINISTER BILLING AND COLLECTION OF ASSESSMENTS. OTHER MISCELLANEOUS EXPENSES INCLUDE INSURANCE AND LEGAL EXPENSES.

Program 2

Expenses: $163,270

THE ASSOCIATION PROVIDES SECURITY SERVICES TO THE COMMUNITY. SUCH SERVICES INCLUDE THE PROVISION OF SECURITY CAMERAS AT THE ENTRANCES TO THE COMMUNITY. THESE CAMERAS PLAY A MAJOR ROLE IN ENHANCING...

THE ASSOCIATION PROVIDES SECURITY SERVICES TO THE COMMUNITY. SUCH SERVICES INCLUDE THE PROVISION OF SECURITY CAMERAS AT THE ENTRANCES TO THE COMMUNITY. THESE CAMERAS PLAY A MAJOR ROLE IN ENHANCING THE SAFETY AND SECURITY OF THE COMMUNITY. IN THE FUTURE, THE ASSOCIATION PLANS TO CONTRACT WITH A SECURITY COMPANY THAT WILL PROVIDE A SAFETY PATROL FOR THE COMMUNITY.

Program 3

Expenses: $207,588

THE ASSOCIATION WILL MAINTAIN, FACILITATE AND/OR SPONSOR NUMEROUS PUBLIC-MINDED COMMUNITY ACTIVITIES, THE MOST NOTABLE OF WHICH ARE: 4TH OF JULY PARADE, MEMORIAL DAY WEEKEND PARTY, HOLIDAY DECORATING CONTEST, HALLOWEEN PARTY, ANNUAL EASTER EGG HUNT, ANNUAL NEIGHBORHOOD BLOCK PARTY FOR NATIONAL NIGHT OUT.

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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 $1,437,551

Investment Income $4,103

Other Revenue $0

TOTAL REVENUE $1,441,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,634,842

Other Expenses $1,708,534

TOTAL EXPENSES $1,708,534

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,441,654	$795,063	+0.8%
Expenses	$1,708,534	$413,450	+3.1%
Net Income	$-266,880	$381,613	-1.7%

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

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
DREW STEWART	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL CRAHAN	PRESIDENT	2.00	Officer	$0	$0	$0
EVIN WILKERSON	VICE PRESIDENT	2.00	Officer	$0	$0	$0
MATT SALAZAR	SECRETARY/TREASURER	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	$1,441,654	$1,708,534	$465,822	$-266,880
2022	$795,063	$413,450	$654,681	$381,613

THE HIGHLANDS COMMUNITY ASSOCIATION INC