HIGHER & HIRE SC (EIN 842983069) - 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

2020

Principal Officer

ALVIN PAUL KITCHIN IV

Tax Period

2022-07-01 to 2023-06-30

HIGHER & HIRE SC, founded in 2020, is a small nonprofit that reported $165K in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring.

Mission

HIGHER & HIRE SC EXISTS TO ELEVATE HOW PEOPLE THROUGHOUT THE STATE THINK ABOUT TRADE AND TECHNICAL EDUCATION. THEY DO SO BY SHEDDING A LIGHT ON THE HIGH-TECH, HIGH-QUALITY, HIGH-PAYING OPPORTUNITIES AVAILABLE THROUGH THE SC TECHNICAL COLLEGE SYSTEM, AND SPOTLIGHTING THE STORIES OF THOSE WHOSE LIVES HAVE BENEFITTED BY THE DOORS OPENED FOR THEM THROUGH EDUCATION.

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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 (2022)

Revenue Breakdown

Contributions & Grants $165,000

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $165,000

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $170,355

Other Expenses $170,407

TOTAL EXPENSES $170,407

Year-over-Year Comparison

	2022	2021	Change
Revenue	$165,000	$350,000	-0.5%
Expenses	$170,407	$353,588	-0.5%
Net Income	$-5,407	$-3,588	+0.5%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALVIN PAUL KITCHIN IV	DIRECTOR	N/A	Officer	$0	$0	$0
KIMBERLY KENT	DIRECTOR	N/A	Officer	$0	$0	$0
TIM HARDEE	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
2023	$165,000	$170,407	No data	$-5,407
2022	$350,000	$353,588	$5,407	$-3,588
2021	$285,000	$313,079	$8,995	$-28,079
2020	$210,000	$172,926	$37,074	$37,074

HIGHER & HIRE SC