Highbridge Facilities LLC

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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

Legal Domicile

Principal Officer

KEVIN KEARNS

Phone

2022851115

Tax Period

2022-07-01 to 2023-06-30

Highbridge Facilities LLC, founded in 2020, is a community nonprofit in the Education sector that reported $5.0M in total revenue in fiscal year 2022. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.4M, a strong 28% operating margin.

Mission

THE PURPOSE OF HIGHBRIDGE FACILITIES LLC IS TO ACQUIRE, DEVELOP, CONSTRUCT, OWN, LEASE, OPERATE AND MAINTAIN REAL PROPERTY ASSETS FOR THE BENEFIT OF FAMILY LIFE ACADEMY CHARTER SCHOOL (FLACS), A NETWORK OF COMMUNITY-BASED TAX-EXEMPT CHARTER SCHOOLS.

Program Service Accomplishments

Program 1

Expenses: $3,169,347

THE PURPOSE OF HIGHBRIDGE FACILITIES LLC IS TO ACQUIRE, DEVELOP, CONSTRUCT, OWN, LEASE, OPERATE AND MAINTAIN REAL PROPERTY ASSETS FOR THE BENEFIT OF FAMILY LIFE ACADEMY CHARTER SCHOOL (FLACS), A...

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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 $500,000

Program Service Revenue $0

Investment Income $4,458,961

Other Revenue $0

TOTAL REVENUE $4,958,961

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,169,347

Other Expenses $3,554,223

TOTAL EXPENSES $3,554,223

Year-over-Year Comparison

	2022	2021	Change
Revenue	$4,958,961	$3,177,474	+0.6%
Expenses	$3,554,223	$3,384,698	+0.1%
Net Income	$1,404,738	$-207,224	-7.8%

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
JOEL RIVERA	CHAIRMAN	1.0	Officer Director	$0	$0	$0
Rosa Mercado	Secretary	1.0	Officer Director	$0	$0	$0
Nilza Oyola	Director	1.0	Director	$0	$0	$0
SUSANA R LEON	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN KEARNS	CHIEF FINANCIAL OFFICER	4.0	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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$4,958,961	$3,554,223	$137,295,123	$1,404,738
2022	$3,177,974	$3,384,956	$121,708,884	$-206,982
2022	$3,177,474	$3,384,698	$121,708,884	$-207,224
2021	$1,569,832	$1,482,322	$122,064,779	$87,510