HARBOR LIGHT FOUNDATION INC (EIN 262296614) - 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

2009

Legal Domicile

Principal Officer

DYLAN O'CONNOR

Phone

2032926949

Tax Period

2023-09-01 to 2024-08-31

HARBOR LIGHT FOUNDATION INC, founded in 2009, is a community nonprofit in the Youth Development sector that reported $1.5M in total revenue in fiscal year 2023.

Mission

HARBOR LIGHT FOUNDATION IS COMMITTED TO PROVIDING AN ACTIVE, STIMULATING, CREATIVE, HANDS-ON LEARNING ENVIRONMENT, IN WHICH UNIQUE LEARNING STYLES ARE EMBRACED.

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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 $8,145

Program Service Revenue $1,495,608

Investment Income $8,928

Other Revenue $0

TOTAL REVENUE $1,512,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,029,395

Fundraising Expenses $64,105

Program Expenses $938,727

Other Expenses $468,328

TOTAL EXPENSES $1,497,723

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,512,681	$1,471,163	+0.0%
Expenses	$1,497,723	$1,523,591	0.0%
Net Income	$14,958	$-52,428	-1.3%

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

Volunteers

100

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

$131,499

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD DOUGLAS	EXECUTIVE DI	40.00	Officer	$131,499	$0	$131,499
DYLAN O'CONNOR	PRESIDENT	0.50	Officer	$0	$0	$0
CHARLES KORCHINSKI	VICE PRESIDE	0.50	Officer	$0	$0	$0
NANCY BIGONETTE	TREASURER	0.50	Officer	$0	$0	$0
DANIELLE-BARTLETT	SECRETARY	0.50	Officer	$0	$0	$0
DENISE LEVERTY	DIRECTOR	0.50	Director	$0	$0	$0
JUSTIN GALLETTI	DIRECTOR	0.50	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	$1,512,681	$1,497,723	$1,210,142	$14,958
2023	$1,471,163	$1,523,591	$1,146,203	$-52,428
2022	$1,248,297	$1,241,346	$987,856	$6,951
2021	$1,143,120	$1,059,427	$712,254	$83,693
2021	$1,337,918	$1,059,427	$907,052	$278,491
2020	$1,013,304	$996,796	$554,399	$16,508
2020	$989,660	$996,796	$530,755	$-7,136
2019	$979,724	$979,858	$493,696	$-134
2018	$752,346	$653,956	$428,904	$98,390

HARBOR LIGHT FOUNDATION INC