Harbor Theater

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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

2007

Legal Domicile

Principal Officer

Jeff Long

Phone

2076335153

Tax Period

2023-01-01 to 2023-12-31

Harbor Theater, founded in 2007, is a small nonprofit in the Arts, Culture & Humanities sector that reported $296K in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $264K left a modest 11% surplus.

Mission

Friends of the Harbor Theater is dedicated to the Promotion of "big screen" presentations on the Boothbay Peninsula, including first run, classical, foreign, art and documentary films, together with educational components such as screen festivals, lectures, meet-the-director events and independant locally produced films.

Program Service Accomplishments

Program 1

Expenses: $190,659

Education through lectures, seminars, film etc. and promotion of local independant film producers

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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 $163,905

Program Service Revenue $132,167

Investment Income $0

Other Revenue $0

TOTAL REVENUE $296,072

Expense Breakdown

Grants Paid $0

Salaries & Benefits $92,839

Fundraising Expenses $0

Program Expenses $190,659

Other Expenses $171,461

TOTAL EXPENSES $264,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$296,072	$232,239	+0.3%
Expenses	$264,300	$216,997	+0.2%
Net Income	$31,772	$15,242	+1.1%

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
Jeff Long	Treasurer	5.00	Officer Director	$0	$0	$0
Hamilton W Meserve	President	5.00	Officer Director	$0	$0	$0
Patty Calhoun	Secretary	1.00	Director	$0	$0	$0
Nicci Kimball	Director	1.00	Director	$0	$0	$0
Roger Matthews	Director	1.00	Director	$0	$0	$0
Michael Tomko	Director	1.00	Director	$0	$0	$0
Lynn Thompson	Executive Dir.	1.00	Director	$0	$0	$0
Robert Reiser Jr	Vice President	5.00	Officer Director	$0	$0	$0
Scott Larson	Director	1.00	Director	$0	$0	$0
Marion Coleman	Director	1.00	Director	$0	$0	$0
Kim A Martin	Director	1.00	Director	$0	$0	$0
Bruce Harris	Director	1.00	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
2024	No data	No data	No data	No data
2023	$296,072	$264,300	$409,540	$31,772
2022	$232,239	$216,997	$371,463	$15,242
2019	$243,247	$216,133	$193,932	$27,114
2018	$259,448	$157,447	$166,818	$102,001