Harbor Homes Inc (EIN 020351932) - 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

1980

Legal Domicile

Principal Officer

Henry Och

Phone

6038823616

Tax Period

2024-07-01 to 2025-06-30

Harbor Homes Inc, founded in 1980, is a mid-sized nonprofit in the Housing & Shelter sector that reported $39.3M in total revenue in fiscal year 2024.

Mission

Harbor Care provides New Hampshire families with supportive housing; medical, dental, and mental healthcare; substance misuse treatment; employment services; veteran services; home care; HIV/AIDS services; and other vital supports. We help more than 5,000 adults, children, and families at risk of or experiencing homelessness.

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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 $23,902,675

Program Service Revenue $15,045,623

Investment Income $24,392

Other Revenue $312,443

TOTAL REVENUE $39,285,133

Expense Breakdown

Grants Paid $6,178,186

Salaries & Benefits $19,421,447

Fundraising Expenses $486,168

Program Expenses $34,341,096

Other Expenses $16,309,563

TOTAL EXPENSES $41,909,196

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,285,133	$39,707,253	0.0%
Expenses	$41,909,196	$40,917,334	+0.0%
Net Income	$-2,624,063	$-1,210,081	+1.2%

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

303

Volunteers

153

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

$569,800

Total Directors

Key Employees

$283,170

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Grant Alois	Board Member (start 9/24)	0.25	Director	$0	$0	$0
David Anzalone	Board Member (start 10/24)	0.25	Director	$0	$0	$0
Thomas Arnold III	Board Member	0.25	Director	$0	$0	$0
Prathima Bayisetty DDS	Board Member	0.25	Director	$0	$0	$0
Vijay Bhatt	Board Member	0.25	Director	$0	$0	$0
Rosemarie Dykeman	Board Member	0.25	Director	$0	$0	$0
Sekondi Foster	Board Member	0.25	Director	$0	$0	$0
Alison C Madden MD	Board Member	0.25	Director	$0	$0	$0
Ed McDonough	Board Member	0.25	Director	$0	$0	$0
Joel Jaffe	Board Chair	0.25	Officer Director	$0	$0	$0
Rick Plante	Vice Chair	0.25	Officer Director	$0	$0	$0
Jared Freilich	Treasurer	0.25	Officer Director	$0	$0	$0
Vincent Chamberlain	Asst. Treasurer	0.25	Officer Director	$0	$0	$0
Trent Smith	Secretary (end 7/24)	0.25	Officer Director	$0	$0	$0
Lanna Martin	Board Member; Secretary (start 8/24)	0.25	Officer Director	$0	$0	$0
Laurie Goguen	Asst. Secretary	0.25	Officer Director	$0	$0	$0
Henry Och	CEO	38.25	Officer	$284,368	$9,952	$294,320
Ana Pancine	CFO	38.25	Officer	$223,285	$52,195	$275,480
William Belecz	COO	38.25	Key Emp	$240,188	$42,982	$283,170
Vanessa Talasazan	CSO	40.00	Highest	$207,376	$55,477	$262,853
Neha Gupta DMD	Dentist	40.00	Highest	$203,983	$56,363	$260,346
Michael Zechman	Director of Human Resources	40.00	Highest	$171,947	$45,431	$217,378
John Szyszlo	Director of Information Technology	40.00	Highest	$164,714	$10,293	$175,007
Graciela Silvia Sironich-Kalkan	Medical Director	40.00	Highest	$159,391	$23,352	$182,743

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	$39,285,133	$41,909,196	$29,108,002	$-2,624,063
2024	$39,707,253	$40,917,334	$31,604,907	$-1,210,081
2023	$37,894,040	$37,480,499	$31,193,730	$413,541
2022	$36,882,083	$37,123,368	$28,609,694	$-241,285
2021	$34,009,669	$33,987,733	$29,802,318	$21,936
2020	$32,699,479	$30,037,410	$31,595,862	$2,662,069
2019	$31,134,964	$31,433,019	$27,946,846	$-298,055
2018	$27,910,201	$28,247,962	$27,581,972	$-337,761

Harbor Homes Inc