HIGHER POWER GARAGE (EIN 850605889) - 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

Legal Domicile

Principal Officer

MIKE GIDEON

Phone

4172085829

Tax Period

2025-01-01 to 2025-12-31

HIGHER POWER GARAGE, founded in 2020, is a small nonprofit in the Public Safety sector that reported $564K in total revenue in fiscal year 2025. Revenue surged 37% from the prior year, signaling strong growth momentum. Expenses of $531K left a modest 6% surplus.

Mission

TO HELP THOSE IN NEED TO RETAIN RELIABLE AND SAFE TRANSPORTATION AT A LOW AND AFFORDABLE COST.

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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 (2025)

Revenue Breakdown

Contributions & Grants $431,356

Program Service Revenue $127,798

Investment Income $5,323

Other Revenue $0

TOTAL REVENUE $564,477

Expense Breakdown

Grants Paid $2,877

Salaries & Benefits $163,057

Fundraising Expenses $964

Program Expenses $505,320

Other Expenses $363,918

TOTAL EXPENSES $530,816

Year-over-Year Comparison

	2025	2024	Change
Revenue	$564,477	$411,216	+0.4%
Expenses	$530,816	$339,641	+0.6%
Net Income	$33,661	$71,575	-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

Independent Members

Employees

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

$17,701

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERESA POTTS	SECRETARY	40.00	Officer	$17,701	$0	$17,701
CASIE AUGUSTINE	DIRECTOR	2.00	Director	$0	$0	$0
MARK CANNON	DIRECTOR	2.00	Director	$0	$0	$0
MICHELLE CANNON	DIRECTOR	N/A	Director	$0	$0	$0
MIKE GIDEON	PRESIDENT	2.00	Officer Director	$0	$0	$0
TODD RAMSEY	DIRECTOR	N/A	Director	$0	$0	$0
JAMES RICHARDS	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS GIDEON	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
2025	$564,477	$530,816	$570,807	$33,661
2024	$411,216	$339,641	$208,147	$71,575
2023	$249,825	$204,307	$136,572	$45,518
2022	$224,906	$143,999	$91,054	$80,907

HIGHER POWER GARAGE