HARBOR LIGHTS FELLOWSHIP

EIN: 201867060 501(c)(3) Religion

GRAND ISLAND, NY

Total Revenue
$226,024
Total Expenses
$151,273
Total Assets
$224,569
Net Assets
$223,416
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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
2004
Legal Domicile
NY
Principal Officer
GERARD HABERSTRO
Phone
7167737900
Tax Period
2021-01-01 to 2021-12-31

HARBOR LIGHTS FELLOWSHIP, founded in 2004, is a small nonprofit in the Religion sector that reported $226K in total revenue in fiscal year 2021. Revenue surged 90% from the prior year, signaling strong growth momentum. The organization ran a surplus of $75K, a strong 33% operating margin.

Mission

CHURCH

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $104,976
Program Service Revenue $0
Investment Income $119,481
Other Revenue $1,567
TOTAL REVENUE $226,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $80,296
Fundraising Expenses $0
Program Expenses $119,739
Other Expenses $70,977
TOTAL EXPENSES $151,273

Year-over-Year Comparison

2021 2020 Change
Revenue $226,024 $119,162 +0.9%
Expenses $151,273 $119,986 +0.3%
Net Income $74,751 $-824 -91.7%
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

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Governance

Voting Members
4
Independent Members
2
Employees
2
Volunteers
15

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
4
$76,660
Total Directors
1
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERARD HABERSTRO PRESIDENT 40.00
Officer
$26,368 $12,556 $38,924
MAUREEN HABERSTRO TREASURER/SECRETARY 40.00
Officer
$25,572 $12,164 $37,736
WILLIAM MACHEMER V PRESIDENT 4.00
Officer
$0 $0 $0
GREGORY KOEPP DIRECTOR 4.00
Officer 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
2021 $226,024 $151,273 $224,569 $74,751
2020 $119,162 $119,986 $536,194 $-824
2019 $173,412 $164,218 $551,930 $9,194
2018 $134,230 $133,917 $568,111 $313
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