HARBOR HOUSE

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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

1994

Legal Domicile

Principal Officer

LISA RUSSELL

Phone

4023434413

Tax Period

2023-07-01 to 2024-06-30

HARBOR HOUSE, founded in 1994, is a community nonprofit in the Health Care sector that reported $2.7M in total revenue in fiscal year 2023. Revenue fell 62% from the prior year — a significant decline worth monitoring. Expenses of $3.5M exceeded revenue, resulting in a 28% operating deficit.

Mission

TO EMBRACE RESIDENTS LIVING WITH TERMINAL ILLNESSES AND THEIR FAMILIES AND FRIENDS WITH COMPASSIONATE CARE AND COMFORT, AND TO PROVIDE END OF LIFE EDUCATION IN THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,107,645 Revenue: $1,861,367

HARBOR HOUSE, D/B/A AS HOSPICE HOUSE - THE JOSIE HARPER RESIDENCE, OPERATES A LICENSED 26 BED RESIDENTIAL FACILITY WHICH PROVIDES 24-HOUR PROFESSIONAL CARE AND SUPERVISION TO SERVE THE SPIRITUAL...

HARBOR HOUSE, D/B/A AS HOSPICE HOUSE - THE JOSIE HARPER RESIDENCE, OPERATES A LICENSED 26 BED RESIDENTIAL FACILITY WHICH PROVIDES 24-HOUR PROFESSIONAL CARE AND SUPERVISION TO SERVE THE SPIRITUAL, EMOTIONAL, AND PHYSICAL NEEDS OF TERMINALLY ILL RESIDENTS AND THEIR FAMILIES IN A HOME-LIKE SETTING IN ADDITION TO RESIDENTIAL LIVING SPACE. THE BUILDING ALSO INCLUDES CLASSROOMS, STORAGE, SHOWER FACILITIES FOR FAMILIES AND GUESTS, AND A RESOURCE LIBRARY. DURING THE FISCAL YEAR ENDED JUNE 30, 2024, HARBOR HOUSE STARTED A RENOVATION TO THEIR HOUSING. THE RENOVATION SHOULD BE COMPLETED DURING 2025.

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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 $651,552

Program Service Revenue $1,861,209

Investment Income $192,135

Other Revenue $158

TOTAL REVENUE $2,705,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,672,652

Fundraising Expenses $72,758

Program Expenses $3,107,645

Other Expenses $799,817

TOTAL EXPENSES $3,472,469

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,705,054	$7,079,361	-0.6%
Expenses	$3,472,469	$3,742,742	-0.1%
Net Income	$-767,415	$3,336,619	-1.2%

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

N/A

Volunteers

187

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

$145,696

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEVIN FOX MD	CHAIR	0.40	Officer Director	$0	$0	$0
SHARI FLOWERS MD	VICE CHAIR	0.40	Officer Director	$0	$0	$0
WILLIAM DINSMOOR	SECRETARY/TREASURER THRU 12/23	0.20	Officer Director	$0	$0	$0
CAROLE PATRICK PHD	DIRECTOR / SECRETARY/TREASURER	0.20	Officer Director	$0	$0	$0
LISA SCHMITZ	DIRECTOR THRU 6/24	0.10	Director	$0	$0	$0
ROSEMARY LEBEDA	DIRECTOR	0.10	Director	$0	$0	$0
HEATHER MORGAN MD	DIRECTOR	0.10	Director	$0	$0	$0
YUNGPO BERNARD SU MD	DIRECTOR	0.10	Director	$0	$0	$0
LIZ BLAZEK	DIRECTOR	0.10	Director	$0	$0	$0
JOSIE ABBOUD	DIRECTOR	0.10	Director	$0	$0	$0
TIFFANY JOEKEL	DIRECTOR	0.10	Director	$0	$0	$0
KATHLEEN MCKILLIP MD	DIRECTOR	0.10	Director	$0	$0	$0
TIMOTHY DORIUS MD	DIRECTOR	0.10	Director	$0	$0	$0
TODD SAUER MD	DIRECTOR	0.10	Director	$0	$0	$0
KYLE SKIERMONOT	DIRECTOR	0.10	Director	$0	$0	$0
FRANK LOCOCO	DIRECTOR	0.10	Director	$0	$0	$0
BRYCE BRACKLE	DIRECTOR	0.10	Director	$0	$0	$0
KLAUS THALER	DIRECTOR	0.10	Director	$0	$0	$0
LISA RUSSELL	EXECUTIVE DIRECTOR	40.00	Officer	$120,275	$25,421	$145,696

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	No data	No data	No data	No data
2024	$2,705,054	$3,472,469	$13,097,268	$-767,415
2023	$7,079,361	$3,742,742	$12,129,606	$3,336,619
2022	$6,654,132	$3,586,609	$8,625,092	$3,067,523
2021	$3,317,664	$3,134,131	$6,264,960	$183,533
2020	$2,750,333	$3,189,533	$5,966,188	$-439,200
2019	$3,179,804	$3,136,070	$6,043,201	$43,734
2018	$2,990,725	$2,962,773	$5,812,063	$27,952