HARBOR MINISTRIES INC (EIN 204894998) - 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

2006

Legal Domicile

Principal Officer

TIMOTHY L BOHLKE

Phone

4027303755

Tax Period

2023-01-01 to 2023-12-31

HARBOR MINISTRIES INC, founded in 2006, is a community nonprofit in the Religion sector that reported $1.2M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $242K, a strong 20% operating margin.

Mission

THE MISSION OF HARBOR MINISTRIES, INC. IS TO NETWORK PEOPLE AND RESOURCES TOGETHER TO COACH, INSPIRE, EQUIP AND MENTOR STRATEGIC LEADERS AND THEIR FAMILIES. THE PURPOSES OF THE CORPORATION ARE TO RECEIVE SUPPORT FROM CONTRIBUTIONS FROM THE GENERAL PUBLIC TO USE TO MENTOR YOUNG EMERGING CHRISTIAN LEADERS, PROVIDE RESOURCES AND RETREATS FOR LEADERS,AND ESTABLISH A SCHOLARSHIP FUND TO MAKE RESOURCES AVAILABLE TO ALL CHRISTIAN LEADERS.

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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 $1,032,365

Program Service Revenue $159,630

Investment Income $26,956

Other Revenue $0

TOTAL REVENUE $1,218,951

Expense Breakdown

Grants Paid $0

Salaries & Benefits $238,707

Fundraising Expenses $380

Program Expenses $954,565

Other Expenses $738,239

TOTAL EXPENSES $976,946

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,218,951	$1,119,973	+0.1%
Expenses	$976,946	$943,002	+0.0%
Net Income	$242,005	$176,971	+0.4%

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

Volunteers

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

$76,931

Total Directors

$76,931

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY L BOHLKE	EXECUTIVE DI	40.00	Officer Director	$76,931	$0	$76,931
CARL APPLEGATE	DIRECTOR	1.00	Director	$0	$0	$0
GREG BERSTLER	DIRECTOR	1.00	Director	$0	$0	$0
BRAD BRESTEL	DIRECTOR	1.00	Director	$0	$0	$0
RICK DAMKROGER	SECRETARY/TR	2.00	Officer Director	$0	$0	$0
DAVE DARLINGTON	DIRECTOR	1.00	Director	$0	$0	$0
CHAN MERRY	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DALE PHILLIPS	DIRECTOR	1.00	Director	$0	$0	$0
RANDY RHODES	PRESIDENT	2.00	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
2024	No data	No data	No data	No data
2023	$1,218,951	$976,946	$2,937,908	$242,005
2022	$1,119,973	$943,002	$2,722,224	$176,971
2021	$1,099,439	$780,929	$2,522,324	$318,510
2020	$1,328,308	$627,293	$2,197,493	$701,015
2019	$953,524	$707,459	$2,409,996	$246,065
2018	$912,775	$388,021	$2,153,652	$524,754

HARBOR MINISTRIES INC