HIGHWAYS 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

1989

Legal Domicile

Principal Officer

KEVIN SPICER

Tax Period

2023-07-01 to 2024-06-30

HIGHWAYS INC, founded in 1989, is a small nonprofit in the Arts, Culture & Humanities sector that reported $406K in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $390K left a modest 4% surplus.

Mission

PRESENTATION OF VISUAL AND PERFORMANCE ARTISTS ANDPROVIDE TECHNICAL ASSISTANCE RELATED TO THEPRODUCTION OF ART EVENTS.

Program Service Accomplishments

Program 1

Expenses: $187,176 Revenue: $405,967

PRESENTATION OF VISUAL AND PERFORMANCE ARTISTS ANDPROVIDE TECHNICAL ASSISTANCE RELATED TO THEPRODUCTION OF ART EVENTS

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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 $405,527

Program Service Revenue $0

Investment Income $440

Other Revenue $0

TOTAL REVENUE $405,967

Expense Breakdown

Grants Paid $0

Salaries & Benefits $160,648

Fundraising Expenses $0

Program Expenses $187,176

Other Expenses $229,031

TOTAL EXPENSES $389,679

Year-over-Year Comparison

	2023	2022	Change
Revenue	$405,967	$364,713	+0.1%
Expenses	$389,679	$325,624	+0.2%
Net Income	$16,288	$39,089	-0.6%

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

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
LEO GARCIA	EXECUTIVEARTISTIC DIRECTOR	60.00	Director Key Emp Highest	$0	$0	$0
PATRICK KENNELLY	SECRETARY	40.00	Officer Director	$0	$0	$0
JOHN SAMPSON	TREASURER	5.00	Officer Director	$0	$0	$0
KEVIN SPICER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
JOANNE MORRIS	MEMBER	2.00	Officer Director	$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	$405,967	$389,679	$121,591	$16,288
2023	$364,713	$325,337	$91,991	$39,376
2022	$357,693	$465,137	$37,182	$-107,444
2021	$219,018	$243,390	$148,046	$-24,372
2020	$226,800	$234,499	$168,985	$-7,699
2019	$246,385	$262,415	$54,417	$-16,030
2018	$250,708	$260,021	$58,659	$-9,313