HARBORQUEST INC (EIN 362722101) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1970

Legal Domicile

Principal Officer

MARK G MULROE

Phone

7734358338

Tax Period

2024-07-01 to 2025-06-30

HARBORQUEST INC, founded in 1970, is a community nonprofit in the Employment sector that reported $4.0M in total revenue in fiscal year 2017. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $3.8M left a modest 6% surplus.

Mission

TO PROVIDE OPPORTUNITY FOR A BETTER LIFE THROUGH APPROPRIATE EMPLOYMENT FOR THOSE DISENFRANCHISED FROM THE MAINSTREAM ECONOMY.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,027,009

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,027,009

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,254,167

Fundraising Expenses $0

Program Expenses $1,404,358

Other Expenses $150,191

TOTAL EXPENSES $1,404,358

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,027,009	$2,309,117	-0.6%
Expenses	$1,404,358	$2,350,447	-0.4%
Net Income	$-377,349	$-41,330	+8.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

155

Volunteers

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
MARK G MULROE	PRESIDENT	4.00	Officer Director	$0	$0	$0
DIANE MULROE	DIRECTOR	1.00	Director	$0	$0	$0
JOHN LOSCH	DIRECTOR	1.00	Director	$0	$0	$0
SAMUEL MULROE	DIRECTOR	1.00	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
2025	$1,027,009	$1,404,358	$13,215	$-377,349
2024	No data	No data	No data	No data
2023	$2,201,605	$2,226,192	$571,983	$-24,587
2022	$5,141,149	$5,073,455	$641,071	$67,694
2021	$5,602,767	$5,157,999	$701,084	$444,768
2020	$3,203,124	$3,359,659	$807,389	$-156,535
2019	$3,439,373	$3,299,576	$202,077	$139,797
2018	$3,979,902	$3,760,377	$312,443	$219,525

HARBORQUEST INC