Harbor House Community Service Center (EIN 010272150) - 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

1965

Legal Domicile

Principal Officer

Ingrid Kachmar

Phone

2072443713

Tax Period

2024-01-01 to 2024-12-31

Harbor House Community Service Center, founded in 1965, is a community nonprofit in the Community Improvement sector that reported $1.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $1.3M left a modest 9% surplus.

Mission

To provide a diversity of services which conserve and enrich the quality of life for all on Mount Desert Island.

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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 (2024)

Revenue Breakdown

Contributions & Grants $726,922

Program Service Revenue $534,608

Investment Income $193,152

Other Revenue $10,380

TOTAL REVENUE $1,465,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $879,169

Fundraising Expenses $51,184

Program Expenses $905,923

Other Expenses $452,227

TOTAL EXPENSES $1,331,396

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,465,062	$1,343,090	+0.1%
Expenses	$1,331,396	$1,286,478	+0.0%
Net Income	$133,666	$56,612	+1.4%

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

100

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

$126,662

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Tony McKim	President	2.00	Officer Director	$0	$0	$0
Andy Allen	Vice President	2.00	Officer Director	$0	$0	$0
Noel Musson	Secretary	2.00	Officer Director	$0	$0	$0
Lee Worcester	Treasurer	2.00	Officer Director	$0	$0	$0
Sonia Churchman	Director	1.00	Director	$0	$0	$0
Eric Norberg	Director	1.00	Director	$0	$0	$0
Scott Worcester	Director	1.00	Director	$0	$0	$0
Jane Larimer	Director	1.00	Director	$0	$0	$0
Carolyn Groobey	Director	1.00	Director	$0	$0	$0
Jacquelyn Carroll	Director	1.00	Director	$0	$0	$0
Sarah Fortin	Director	1.00	Director	$0	$0	$0
Gabe Ewing del Rio	Director	1.00	Director	$0	$0	$0
Ingrid Kachmar	Executive Director	40.00	Officer	$103,016	$23,646	$126,662

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	$1,465,062	$1,331,396	$4,812,798	$133,666
2023	$1,343,090	$1,286,478	$4,650,771	$56,612
2022	$3,640,296	$1,190,012	$4,643,881	$2,450,284
2021	$1,095,406	$915,674	$2,151,335	$179,732
2020	$1,112,120	$996,924	$2,009,961	$115,196
2019	$1,266,965	$1,031,704	$1,937,742	$235,261
2018	$1,058,500	$1,030,675	$1,740,217	$27,825

Harbor House Community Service Center