HARBORCOV 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

1998

Legal Domicile

Principal Officer

KOUROU PICH

Phone

6178849799

Tax Period

2023-07-01 to 2024-06-30

HARBORCOV INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $3.5M in total revenue in fiscal year 2023. Expenses of $3.3M left a modest 5% surplus.

Mission

HARBORCOV PROVIDES LINGUISTICALLY AND CULTURALLY APPROPRIATE, HIGH-QUALITY EMERGENCY AND SUPPORT SERVICES TO, SAFE AFFORDABLE TRANSITIONAL AND PERMANENT LOW-INCOME HOUSING FOR, AND ADVOCATES ON BEHALF OF, VICTIMS AND SURVIVORS OF DOMESTIC VIOLENCE, WHILE WORKING TO EDUCATE THE PUBLIC ABOUT ITS CAUSES AND CONSEQUENCES.

Program Service Accomplishments

Program 1

Expenses: $3,013,909 Revenue: $65,161

DOMESTIC VIOLENCE PROGRAMS: INCLUDES 24 HOUR HOTLINE; EMERGENCY TRANSITIONAL HOUSING, CHILDREN'S SERVICES, LEGAL ADVOCACY; ECONOMIC EMPOWERMENT PROGRAMS; INDIVIDUAL ADVOCACY AND SUPPORT GROUPS...

DOMESTIC VIOLENCE PROGRAMS: INCLUDES 24 HOUR HOTLINE; EMERGENCY TRANSITIONAL HOUSING, CHILDREN'S SERVICES, LEGAL ADVOCACY; ECONOMIC EMPOWERMENT PROGRAMS; INDIVIDUAL ADVOCACY AND SUPPORT GROUPS; COMMUNITY OUTREACH AND EDUCATION; SUPPORTIVE HOUSING SERVICES.EACH YEAR, HARBORCOV ESTIMATES THAT IT REACHES NEARLY 3,600 VICTIMS AND SURVIVORS OF DOMESTIC VIOLENCE IN THE MASSACHUSETTS HARBOR COMMUNITIES OF CHELSEA, EAST BOSTON, WINTHROP, REVERE AND CHARLESTOWN, TARGETING SURVIVORS WHO ARE: PRIMARILY ENGLISH OR SPANISH SPEAKING; LOW-INCOME; LIVING IN OUR COMMUNITIES; AND WHO FACE ADDITIONAL BARRIERS - SUCH AS DISABILITY, IMMIGRATION STATUS AND HOMELESSNESS - TO ACCESSING RESOURCES AND ACHIEVING GOOD LIFE PROSPECTS.

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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 $3,380,614

Program Service Revenue $19,685

Investment Income $29,710

Other Revenue $61,564

TOTAL REVENUE $3,491,573

Expense Breakdown

Grants Paid $474,768

Salaries & Benefits $1,985,594

Fundraising Expenses $52,192

Program Expenses $3,013,909

Other Expenses $844,158

TOTAL EXPENSES $3,304,520

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,491,573	$3,596,123	0.0%
Expenses	$3,304,520	$2,814,042	+0.2%
Net Income	$187,053	$782,081	-0.8%

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

$270,033

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JANICE TATARKA JD	PRESIDENT	1.50	Officer Director	$0	$0	$0
THOMAS FORTIER	FORMER CLERK	1.50	Officer Director	$0	$0	$0
ANNETTE JEROME	CLERK	1.50	Officer Director	$0	$0	$0
JOE VINARD	TREASURER	1.50	Officer Director	$0	$0	$0
SHEILA ARSENAULT RN	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
JUDITH A GARCIA	FORMER DIRECTOR	1.50	Director	$0	$0	$0
KOUROU PICH	EXECUTIVE DIRECTOR	35.00	Officer	$129,682	$34,400	$164,082
CLAUDIA CARIAS	CHIEF FINANCIAL OFFICER	35.00	Officer	$102,120	$3,831	$105,951

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	$3,491,573	$3,304,520	$5,310,741	$187,053
2023	$3,596,123	$2,814,042	$5,135,957	$782,081
2022	$3,236,889	$2,890,012	$4,391,367	$346,877
2021	$2,898,023	$2,570,128	$3,934,325	$327,895
2020	$2,437,215	$2,169,596	$3,591,422	$267,619
2019	$2,036,449	$1,944,887	$3,249,273	$91,562