Pulpit Harbor Foundation (EIN 222506563) - 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

1983

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

Pulpit Harbor Foundation, founded in 1983, is a small nonprofit in the Health Care sector that reported $352K in total revenue in fiscal year 2024. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $240K, a strong 68% operating margin.

Mission

To provide relief to the poor or needy living in North Haven, Maine. North Haven is an island off the coast of Maine. This relief is provided by assisting qualified island residents with the payment of medical bills, utilities, heating and housing.

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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 $10,500

Program Service Revenue $0

Investment Income $341,023

Other Revenue $0

TOTAL REVENUE $351,523

Expense Breakdown

Grants Paid $72,480

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $72,480

Other Expenses $39,357

TOTAL EXPENSES $111,837

Year-over-Year Comparison

	2024	2023	Change
Revenue	$351,523	$226,404	+0.6%
Expenses	$111,837	$113,110	0.0%
Net Income	$239,686	$113,294	+1.1%

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
Bridget Hopkins	Treasurer	2.00	Officer Director	$0	$0	$0
Louisa Cabot Brown	President	2.00	Officer Director	$0	$0	$0
Elizabeth Minot	Trustee	0.00	Director	$0	$0	$0
Alicia Hopkins	Trustee	0.00	Director	$0	$0	$0
Doreen Cabot	Secretary	0.00	Officer Director	$0	$0	$0
Patricia Curtis	Trustee	0.00	Director	$0	$0	$0
Jeanne Curtis	Trustee	0.00	Director	$0	$0	$0
Kathi Lovell	Trustee	0.00	Director	$0	$0	$0
Candance Brown	Trustee	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
2024	$351,523	$111,837	$3,596,319	$239,686
2023	$226,404	$113,110	$3,356,633	$113,294
2022	$277,839	$115,579	$3,243,339	$162,260
2021	$280,630	$133,277	$3,081,079	$147,353
2020	$313,564	$78,656	$2,933,726	$234,908
2019	$139,240	$112,063	$2,698,818	$27,177
2018	$99,527	$50,078	$2,671,641	$49,449

Pulpit Harbor Foundation