HARBOR POINT INC (EIN 251701824) - 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

1992

Legal Domicile

Tax Period

2024-01-01 to 2024-12-31

HARBOR POINT INC, founded in 1992, is a small nonprofit in the Housing & Shelter sector that reported $125K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $182K exceeded revenue, resulting in a 45% operating deficit.

Mission

HARBOR POINT INCS MISSION IS TO PROVIDE AFFORDABLE HOUSING AND INDEPENDENT LIVING FOR MENTAL HEALTH CONSUMERS.

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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 $125,435

Investment Income $0

Other Revenue $0

TOTAL REVENUE $125,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $54,456

Fundraising Expenses $0

Program Expenses $126,953

Other Expenses $127,675

TOTAL EXPENSES $182,131

Year-over-Year Comparison

	2024	2023	Change
Revenue	$125,435	$225,055	-0.4%
Expenses	$182,131	$174,232	+0.0%
Net Income	$-56,696	$50,823	-2.1%

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

N/A

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

$54,456

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG CLECKLEY	PRESIDENT	7.00	Officer	$33,456	$0	$33,456
JEFF HUBER	SECRETARY	7.00	Officer	$21,000	$0	$21,000

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	$125,435	$182,131	$210,323	$-56,696
2023	$225,055	$174,232	$267,019	$50,823
2022	$116,460	$214,248	$216,196	$-97,788
2021	$185,157	$165,988	$486,480	$19,169
2020	$142,217	$224,970	$467,311	$-82,753
2019	$113,730	$187,066	$536,812	$-73,336

HARBOR POINT INC