IPERS Harbor Commerce Center Inc FKA IPERS South Bay Portfolio Inc (EIN 203010680) - 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

2005

Legal Domicile

Principal Officer

Jessica Hamill

Phone

3125377000

Tax Period

2024-07-01 to 2025-06-30

IPERS Harbor Commerce Center Inc FKA IPERS South Bay Portfolio Inc, founded in 2005, is a community nonprofit in the Community Improvement sector that reported $2.5M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.5M, a strong 60% operating margin.

Mission

Title Holding Corporation For Real Property

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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 $0

Program Service Revenue $2,485,728

Investment Income $3,156

Other Revenue $0

TOTAL REVENUE $2,488,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $1,006,619

TOTAL EXPENSES $1,006,619

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,488,884	$2,039,508	+0.2%
Expenses	$1,006,619	$928,844	+0.1%
Net Income	$1,482,265	$1,110,664	+0.3%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
See Supplemental Information	See Supplementa	0.00	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
2025	$2,488,884	$1,006,619	$46,245,678	$1,482,265
2024	$2,039,508	$928,844	$49,326,957	$1,110,664
2023	$2,143,943	$888,010	$50,476,064	$1,255,933
2022	$1,843,824	$992,110	$55,683,588	$851,714
2021	$3,505,867	$2,194,095	$73,381,276	$1,311,772
2020	$3,135,306	$1,888,150	$59,492,644	$1,247,156
2019	$3,103,994	$1,849,304	$53,647,957	$1,254,690

IPERS Harbor Commerce Center Inc FKA IPERS South Bay Portfolio Inc