SAFE HARBOR INC

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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

1984

Legal Domicile

Principal Officer

TERI GAVIGAN

Tax Period

2023-01-01 to 2023-12-31

SAFE HARBOR INC, founded in 1984, is a small nonprofit that reported $303K in total revenue in fiscal year 2023.

Mission

THE CORPORATION OWNS AND OPERATES 24 UNITS OF LOW INCOME ELDERLY HOUSING WHICH IS SUBSIDIZED BY RURAL DEVELOPMENT

Program Service Accomplishments

Program 1

Expenses: $262,770 Revenue: $219,672

RENTAL OF 24 UNITS FOR LOW INCOME, ELDERLY 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 (2023)

Revenue Breakdown

Contributions & Grants $66,608

Program Service Revenue $230,595

Investment Income $5,898

Other Revenue $0

TOTAL REVENUE $303,101

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $262,770

Other Expenses $305,156

TOTAL EXPENSES $305,156

Year-over-Year Comparison

	2023	2022	Change
Revenue	$303,101	$308,413	0.0%
Expenses	$305,156	$299,849	+0.0%
Net Income	$-2,055	$8,564	-1.2%

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

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
JOAN ANGELINI	SECRETARY	2.00	Officer Director	$0	$0	$0
CHRISTOPHER EHLERT	TREASURER	2.00	Officer Director	$0	$0	$0
TERI GAVIGAN	PRESIDENT	2.00	Officer Director	$0	$0	$0
WAYNE HENRY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA HOUSE	DIRECTOR	1.00	Director	$0	$0	$0
LESTER SCOTT	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$303,101	$305,156	$991,680	$-2,055
2022	$308,413	$299,849	$1,018,970	$8,564
2021	$315,170	$297,704	$1,063,566	$17,466
2020	$291,569	$287,499	$1,033,098	$4,070
2019	$284,229	$305,188	$1,056,116	$-20,959
2018	$300,292	$318,151	$1,097,372	$-17,859