THE HARBOR RECOVERY CORPORATION C/… - Form 990 Financial Data

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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

2010

Legal Domicile

Principal Officer

KEVIN PHILLIPS

Tax Period

2021-01-01 to 2021-12-31

THE HARBOR RECOVERY CORPORATION C/O KEVIN PHILLIPS, founded in 2010, is a small nonprofit that reported $295K in total revenue in fiscal year 2021. The organization ran a surplus of $281K, a strong 95% operating margin.

Mission

MENS STRUCTURAL ENVIRONMENT

Program Service Accomplishments

Program 1

WE PROVIDE A FULL CONTINUUM OF ADDICTIONS, TRANSITIONAL HOUSING,SUPPORTIVE SERVICES AND SPIRITUAL DEVELOPMENT. THE CENTER IS COMMITTED TO PROVIDING THE HIGHEST QUALITY OF CARE FOR OUR CONSUMERS. THE STAFF EXEMPLIFIES THE CENTER'S VALUES BY OUR COMMITMENT TO CULTURAL COMPETENCY, BUSINESS ETHICS, TRAINING AND DEVELOPMENT, AND BEST PRACTICES IN HUMAN RESOURCE MANAGEMENT.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $294,879

Other Revenue $0

TOTAL REVENUE $294,879

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,335

Other Expenses $13,405

TOTAL EXPENSES $13,405

Year-over-Year Comparison

	2021	2020	Change
Revenue	$294,879	N/A	N/A
Expenses	$13,405	N/A	N/A
Net Income	$281,474	N/A	N/A

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RONNIE THOMAS	DIRECTOR	N/A	Director	$0	$0	$0
KEVIN PHILLIPS	PRESIDENT	N/A	Officer	$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
2021	$294,879	$13,405	No data	$281,474

THE HARBOR RECOVERY CORPORATION C/O KEVIN PHILLIPS