THE HARBOUR INC

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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

1971

Legal Domicile

Principal Officer

SAVIO LOBO

Phone

8472978540

Tax Period

2024-07-01 to 2025-06-30

THE HARBOUR INC, founded in 1971, is a community nonprofit in the Human Services sector that reported $3.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year.

Mission

THE HARBOUR PROVIDES EMERGENCY SHELTER AND TRANSITIONAL HOUSING SERVICES FOR HOMELESS, RUNAWAY, ABUSED, AND NEGLECTED ADOLESCENTS.

Program Service Accomplishments

Program 1

Expenses: $1,034,581 Revenue: $1,338,373

TRANSITIONAL LIVING: PROVIDED LONGER TERM HOUSING, COUNSELING, AND TRAINING IN BASIC LIVING SKILLS TOWARD THE GOAL OF INDEPENDENT LIVING FOR YOUNG WOMEN BETWEEN THE AGES OF 16 AND 21 WHO ARE IN THE...

Program 2

Expenses: $461,180

SAFE HARBOUR EMERGENCY SHELTER: PROVIDE SHELTER, CRISIS INTERVENTION, AND COMPREHENSIVE SERVICES FOR GIRLS BETWEEN THE AGES OF 12 AND 20 WHO ARE HOMELESS, RUNAWAYS, OR LOCKED OUT OF THEIR HOMES.

Program 3

Expenses: $389,702

YOUTH IN TRANSITION COMMUNITY: PROVIDED LONGER TERM HOUSING, COUNSELING, AND TRAINING IN BASIC LIVING SKILLS TOWARD THE GOAL OF INDEPENDENT LIVING FOR YOUNG WOMEN BETWEEN THE AGES OF 16 AND 22 WHO...

YOUTH IN TRANSITION COMMUNITY: PROVIDED LONGER TERM HOUSING, COUNSELING, AND TRAINING IN BASIC LIVING SKILLS TOWARD THE GOAL OF INDEPENDENT LIVING FOR YOUNG WOMEN BETWEEN THE AGES OF 16 AND 22 WHO ARE EXPERIENCING HOMELESSNESS. YOUTH IN THIS PROGRAM LIVE IN THEIR OWN OR SHARED APARTMENTS AND RECEIVE START-UP FUNDS AND A DECREASING RENT SUBSIDY WHILE THEY ARE WORKING TOWARDS ECONOMIC INDEPENDENCE. IN ADDITION, YOUTH IN TRANSITION COMMUNITY PROVIDED A SECURE BASE AND A BOOST TOWARDS SELF SUFFICIENCY.

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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 $1,924,864

Program Service Revenue $1,338,368

Investment Income $12,461

Other Revenue $89,729

TOTAL REVENUE $3,365,422

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,980,806

Fundraising Expenses $268,241

Program Expenses $2,403,133

Other Expenses $1,332,106

TOTAL EXPENSES $3,312,912

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,365,422	$3,562,913	-0.1%
Expenses	$3,312,912	$3,192,321	+0.0%
Net Income	$52,510	$370,592	-0.9%

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

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

$109,401

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SAVIO LOBO	CO-CHAIR	4.00	Officer Director	$0	$0	$0
MARTHA SPATZ	CO-CHAIR	4.00	Officer Director	$0	$0	$0
LAURA SMILINGYTE	VICE CHAIR	4.00	Officer Director	$0	$0	$0
SEAN WILLETT	TREASURER	4.00	Officer Director	$0	$0	$0
ELIZABETH TOUSSAINT	SECRETARY	4.00	Officer Director	$0	$0	$0
ALYSON STEWART	MEMBER	4.00	Director	$0	$0	$0
ELLEN SISTOVARIS	MEMBER	4.00	Director	$0	$0	$0
HARISH NATARAHJAN	MEMBER	4.00	Director	$0	$0	$0
ROB MALENCH	MEMBER	4.00	Director	$0	$0	$0
DAVE STUDENMUND	MEMBER	4.00	Director	$0	$0	$0
LESLEY PRESTEGAARD	MEMBER	4.00	Director	$0	$0	$0
SHARA KAMAL	MEMBER	4.00	Director	$0	$0	$0
JENNIFER LUTH	MEMBER	4.00	Director	$0	$0	$0
MEGAN STOCK	MEMBER	4.00	Director	$0	$0	$0
TIFFANY OKONIEWSKI	MEMBER	4.00	Director	$0	$0	$0
SHELLEY GATES	MEMBER	4.00	Director	$0	$0	$0
EURETHA EDWARDS	MEMBER	4.00	Director	$0	$0	$0
SUSAN GORDON	MEMBER	4.00	Director	$0	$0	$0
BARBARA ARANGO	MEMBER	4.00	Director	$0	$0	$0
MELODY ROSE	EXECUTIVE DIRECTOR	40.00	Officer	$109,401	$0	$109,401

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	$3,365,422	$3,312,912	$2,887,840	$52,510
2024	$3,562,913	$3,192,321	$2,820,304	$370,592
2023	$2,646,389	$2,824,774	$2,807,845	$-178,385
2022	$3,009,759	$2,577,779	$2,558,517	$431,980
2021	$3,114,473	$2,464,634	$1,589,364	$649,839
2020	$2,242,086	$2,033,065	$1,044,345	$209,021
2019	$1,820,612	$1,763,741	$764,913	$56,871