ITHAKA HARBORS INC (EIN 133857105) - 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

1995

Legal Domicile

Principal Officer

KEVIN GUTHRIE

Phone

2123586400

Tax Period

2023-01-01 to 2023-12-31

ITHAKA HARBORS INC, founded in 1995, is a major nonprofit in the Social Science sector that reported $106.0M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $117.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

ITHAKA HARBORS INC.'S MISSION IS TO IMPROVE ACCESS TO KNOWLEDGE AND EDUCATION FOR PEOPLE AROUND THE WORLD. WE BELIEVE EDUCATION IS KEY TO THE WELL-BEING OF INDIVIDUALS AND SOCIETY. THROUGH OUR WORK, WE MAKE HIGHER EDUCATION AND ACCESS TO KNOWLEDGE MORE AFFORDABLE, IMPROVE OUTCOMES FOR STUDENTS AND RESEARCHERS, AND PRESERVE KNOWLEDGE FOR FUTURE GENERATIONS. WE PURSUE THIS MISSION THROUGH FOUR INNOVATIVE PROGRAM SERVICES: CONSTELLATE, ITHAKA S+R, JSTOR, AND PORTICO.

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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 $4,421,390

Program Service Revenue $97,557,822

Investment Income $4,167,432

Other Revenue $-116,214

TOTAL REVENUE $106,030,430

Expense Breakdown

Grants Paid $0

Salaries & Benefits $68,269,894

Fundraising Expenses $480,102

Program Expenses $107,543,143

Other Expenses $48,926,809

TOTAL EXPENSES $117,196,703

Year-over-Year Comparison

	2023	2022	Change
Revenue	$106,030,430	$115,151,783	-0.1%
Expenses	$117,196,703	$107,198,611	+0.1%
Net Income	$-11,166,273	$7,953,172	-2.4%

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

469

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

$2,727,322

Total Directors

$712,764

Key Employees

$3,244,969

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA ROCKENBACH	TRUSTEE	2.00	Director	$0	$0	$0
CURTIS L KENDRICK	TRUSTEE	2.00	Director	$5,000	$0	$5,000
DR CLAUDIA V SCHRADER	TRUSTEE	2.00	Director	$5,000	$0	$5,000
HERBERT S WINOKUR JR	TRUSTEE (THRU 6/2023)	2.00	Director	$2,500	$0	$2,500
JEFFREY A SINE	TRUSTEE	2.00	Director	$0	$0	$0
KEVIN GUTHRIE	TRUSTEE & PRESIDENT	40.00	Officer Director	$622,956	$62,308	$685,264
LAUREN MESERVE	TRUSTEE	2.00	Director	$0	$0	$0
MARTHA E POLLACK	TRUSTEE	2.00	Director	$0	$0	$0
PAMELA YEE	TRUSTEE	2.00	Director	$0	$0	$0
PETER J DOUGHERTY	TRUSTEE	2.00	Director	$5,000	$0	$5,000
STEVEN G POSKANZER	ITHAKA CHAIR	2.00	Director	$5,000	$0	$5,000
SYLVESTER A JOHNSON	TRUSTEE	2.00	Director	$5,000	$0	$5,000
ARIELLE ALI START 52023	CHIEF FINANCIAL OFFICER & TREASURER	40.00	Officer	$205,905	$35,609	$241,514
CATHARINE HILL	MANAGING DIRECTOR, ITHAKA S+R	36.00	Officer	$347,775	$52,779	$400,554
DEBORA BARRETT	VP, WORK LIFE & CULTURE	40.00	Officer	$234,069	$42,723	$276,792
GERARD AURIGEMMA THRU 52023	CHIEF FINANCIAL OFFICER & TREASURER	40.00	Officer	$347,301	$29,837	$377,138
KATE WITTENBERG	MANAGING DIRECTOR, PORTICO	40.00	Officer	$288,857	$48,641	$337,498
NANCY KOPANS	VP, GENERAL COUNSEL & SECRETARY	40.00	Officer	$357,496	$51,066	$408,562
DALE MYERS	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$314,582	$41,906	$356,488
HEIDI BARTOLACCI	VP, COMMUNICATIONS	30.00	Key Emp	$227,021	$51,330	$278,351
JABIN WHITE THRU 92023	VP, CONTENT MANAGEMENT	40.00	Key Emp	$296,458	$38,663	$335,121
JOHN LENAHAN	VP, PUBLISHED CONTENT	40.00	Key Emp	$314,430	$58,749	$373,179
MATT MACQUEEN	VP, PRODUCT & DESIGN	40.00	Key Emp	$312,585	$56,451	$369,036
MICHELLE LEE	CHIEF TECHNOLOGY OFFICER	40.00	Key Emp	$351,831	$61,437	$413,268
REBECCA SEGER	VICE PRESIDENT, IPSP	40.00	Key Emp	$358,537	$62,674	$421,211
ROBERT HETERICK	SVP, OPEN COLLECT & INFRA	40.00	Key Emp	$312,856	$61,300	$374,156
SEYMOUR DOUGLAS	VP, DATA & ANALYTICS	40.00	Key Emp	$277,729	$46,430	$324,159
ALEX HUMPHREYS	VP, INNOVATION	40.00	Highest	$263,302	$56,348	$319,650
HARMONY FAUST	VP, MARKETING	40.00	Highest	$277,821	$57,234	$335,055
MARTIN KURZWEIL	VP, EDUC TRANSF S+R	40.00	Highest	$253,510	$54,586	$308,096
ROGER SCHONFELD	VP, ORG STRATEGY & LSCM	40.00	Highest	$242,014	$54,220	$296,234
RONALD SNYDER JR	DIR, RESEARCH & DEV	40.00	Highest	$223,800	$51,707	$275,507

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	$106,030,430	$117,196,703	$342,158,088	$-11,166,273
2022	$115,151,783	$107,198,611	$306,195,341	$7,953,172
2021	$122,785,601	$101,173,889	$329,733,736	$21,611,712
2020	$107,029,460	$101,625,387	$280,778,950	$5,404,073
2019	$104,778,419	$103,169,732	$236,882,992	$1,608,687
2018	$94,172,699	$88,855,069	$191,110,277	$5,317,630

ITHAKA HARBORS INC