Norfolk, VA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Harbors Edge Foundation Inc, founded in 2008, is a small nonprofit in the Crime & Legal sector that reported $380K in total revenue in fiscal year 2017. Revenue surged 462% from the prior year, signaling strong growth momentum. The organization ran a surplus of $375K, a strong 99% operating margin.
The Organization was formed exclusively for the purpose of supporting Fort Norfolk Retirement Community, Inc. ("FNRC") and furthering the charitable purposes of FNRC by improving the lives of persons age 62 and older living in Hampton Roads, Virginia, by (i) enabling such persons to reside at the continuing care retirement community owned and operated by FNRC, or similar facilities, (ii) enabling such persons who are identified as those needing assistance to reside at quality assisted living facilities or skilled nursing facilities, (iii) enabling such persons to participate in quality programs offering services designed to meet the physical, emotional, recreational, social or health needs of such persons and/or (iv) making grants to charitable organizations exempt from federal income taxation under Section 501(c)(3) of the Internal Revenue Code that provide housing and/or services designed to meet the physical, emotional, recreational, social or health needs of such persons.
Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $232,354 | $159,368 | +0.5% |
| Expenses | $322,447 | $166,659 | +0.9% |
| Net Income | $-90,093 | $-7,291 | +11.4% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Robert A Heely | Executive Dir. | 1.00 |
Officer
Director
|
$0 | $0 | $33,631 |
| Virginia Bergsten | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Timothy A Coyle | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Kirkland M Kelley | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Pam Kloeppel | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Heather Martin | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Karen Priest | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Michael Walker | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Angela Kerns | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Paige Romig | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| John Trinder | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Sandy Harris | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Dr Catesby Ware | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $232,354 | $322,447 | $2,832,001 | $-90,093 |
| 2023 | $159,368 | $166,659 | $2,595,150 | $-7,291 |
| 2022 | $296,303 | $35,842 | $2,364,135 | $260,461 |
| 2021 | $144,681 | $18,829 | $2,460,364 | $125,852 |
| 2020 | $581,357 | $13,298 | $2,097,621 | $568,059 |
| 2019 | $423,953 | $14,776 | $1,611,901 | $409,177 |
| 2018 | $380,197 | $5,262 | $1,104,715 | $374,935 |
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