HARBOR HEALTH SERVICES INC (EIN 237100550) - 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

1971

Legal Domicile

Principal Officer

K TODD MURPHY

Phone

6175332300

Tax Period

2024-07-01 to 2025-06-30

HARBOR HEALTH SERVICES INC, founded in 1971, is a major nonprofit in the Health Care sector that reported $110.9M in total revenue in fiscal year 2024.

Mission

HARBOR HEALTH SERVICES, INC. HELPS INDIVIDUALS AND COMMUNITIES ACHIEVE THEIR FULL POTENTIAL THROUGH ACCESS TO LOCAL, AFFORDABLE SERVICES THAT PROMOTE HEALTH.

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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 $15,573,884

Program Service Revenue $94,052,143

Investment Income $1,120,934

Other Revenue $191,877

TOTAL REVENUE $110,938,838

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,240,851

Fundraising Expenses $0

Program Expenses $94,976,998

Other Expenses $56,186,511

TOTAL EXPENSES $110,427,362

Year-over-Year Comparison

	2024	2023	Change
Revenue	$110,938,838	$115,554,038	0.0%
Expenses	$110,427,362	$113,985,493	0.0%
Net Income	$511,476	$1,568,545	-0.7%

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

Governance

Voting Members

Independent Members

Employees

698

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

$1,179,847

Total Directors

Key Employees

$274,648

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICK PRESTON	CHAIR	4.00	Officer Director	$0	$0	$0
MAURA DOYLE	VICE CHAIR	4.00	Officer Director	$0	$0	$0
JOE GREENE	CLERK	4.00	Officer Director	$0	$0	$0
TRINH NGUYEN	TREASURER	4.00	Officer Director	$0	$0	$0
LEON DAVID	BOARD MEMBER	4.00	Director	$0	$0	$0
JAN MATTIMOE	BOARD MEMBER	4.00	Director	$0	$0	$0
KUSH BADSHAH	BOARD MEMBER	4.00	Director	$0	$0	$0
QUEENETTE SANTOS	BOARD MEMBER	4.00	Director	$0	$0	$0
MIKE MECENAS	BOARD MEMBER	4.00	Director	$0	$0	$0
ANILA PIQANI	BOARD MEMBER	4.00	Director	$0	$0	$0
PHILIP CARVER	BOARD MEMBER	4.00	Director	$0	$0	$0
CHARLES JONES	PRESIDENT & CEO (UNTIL 12/24)	40.00	Officer	$448,097	$39,563	$487,660
K TODD MURPHY	CFO	40.00	Officer	$278,330	$38,031	$316,361
MONERA WONG MD	CMO (UNTIL 1/24)	40.00	Officer	$41,855	$3,614	$45,469
MARY JO BROGNA	CNO (UNTIL 2/24)	40.00	Officer	$50,490	$1,303	$51,793
ARMANDO CORTEZ	CIO (UNTIL 2/25)	40.00	Officer	$225,290	$14,990	$240,280
JOHN O'HARA	INTERIM PRESIDENT & CEO (AS OF 11/24)	32.00	Officer	$38,264	$20	$38,284
GRETCHEN REYNARD	SVP ESP	40.00	Key Emp	$239,102	$35,546	$274,648
JANAKI FONSEKA	PHYSICIAN	40.00	Highest	$269,415	$12,028	$281,443
WESLEY KLEIN MD	PHYSICIAN	40.00	Highest	$244,686	$29,787	$274,473
MICHAEL KRAMER MD	PHYSICIAN (UNTIL 3/25)	40.00	Highest	$258,952	$37,007	$295,959
RICHARD LUBENS MD	PHYSICIAN	40.00	Highest	$257,223	$22,421	$279,644
MARY ENGEL MD	PHYSICIAN	40.00	Highest	$244,108	$5,336	$249,444

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	$110,938,838	$110,427,362	$77,248,014	$511,476
2024	$115,554,038	$113,985,493	$80,966,398	$1,568,545
2023	$99,788,474	$99,000,508	$75,760,245	$787,966
2022	$90,839,062	$88,300,910	$69,180,948	$2,538,152
2021	$83,480,728	$77,862,980	$64,061,825	$5,617,748
2020	$79,218,861	$77,695,625	$60,072,662	$1,523,236
2019	$78,291,767	$79,250,325	$54,628,942	$-958,558
2018	$71,734,806	$71,622,501	$55,966,455	$112,305

HARBOR HEALTH SERVICES INC