HARBOUR HOUSE INC (EIN 352472474) - 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

2014

Legal Domicile

Principal Officer

DEBBIE GALLOWAY

Phone

4102553539

Tax Period

2024-01-01 to 2024-12-31

HARBOUR HOUSE INC, founded in 2014, is a community nonprofit in the Mental Health sector that reported $2.8M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

HARBOUR HOUSE'S MISSION IS TO PROVIDE SHORT TERM CRISIS SERVICES IN A RESIDENTIAL SETTING THAT SUPPORTS AND CARES FOR THOSE WHO ARE MOST VULNERABLE BY HELPING THEM TO STABILIZE AND LINKING THEM TO COMMUNITY PROVIDERS WHO CAN MEET THEIR LONG TERM MENTAL HEALTH NEEDS

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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 $27

Program Service Revenue $2,842,176

Investment Income $31

Other Revenue $180

TOTAL REVENUE $2,842,414

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,786,330

Fundraising Expenses $0

Program Expenses $2,652,768

Other Expenses $1,107,091

TOTAL EXPENSES $2,893,421

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,842,414	$2,582,444	+0.1%
Expenses	$2,893,421	$2,700,026	+0.1%
Net Income	$-51,007	$-117,582	-0.6%

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

100

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
DEBBIE GALLOWAY	BOARD PRESIDENT	1.00	Director	$0	$0	$0
VICKI GARUFI	DIRECTOR	1.00	Director	$0	$0	$0
TASHIA RANDALL	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINA KIRBY	DIRECTOR	1.00	Director	$0	$0	$0
CHARITY MYERS	DIRECTOR	1.00	Director	$0	$0	$0
RODNEY LAWS	EMPLOYEE	25.00	Highest	$175,000	$0	$175,000

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	$2,842,414	$2,893,421	$1,357,174	$-51,007
2023	$2,582,444	$2,700,026	$796,714	$-117,582
2022	$2,667,966	$2,601,770	$1,003,926	$66,196
2021	$2,876,214	$2,518,859	$937,730	$357,355
2021	$2,876,214	$2,518,859	$937,730	$357,355
2020	$2,352,622	$2,239,472	$580,375	$113,150
2020	$2,352,622	$2,239,472	$580,375	$113,150
2019	$2,330,212	$2,141,761	$467,225	$188,451
2018	$2,292,686	$2,230,361	$278,774	$62,325

HARBOUR HOUSE INC