Harbor Habitat for Humanity 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

Legal Domicile

Tax Period

2024-07-01 to 2025-06-30

Harbor Habitat for Humanity Inc is a community nonprofit that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 72% from the prior year, signaling strong growth momentum.

Mission

Harbor Habitat is a Christian non-profit housing organization that seeks to eliminate inadequate housing in Benton Harbor & Benton Charter Township by engaging the community and partners with families to provide them with a decent place to live.

Program Service Accomplishments

Program 1

Expenses: $738,216 Revenue: $645,193

Construction of homes. Cost of goods sold and cost of Homes sold. Building material, permits, and contractor costs

Program 2

Expenses: $67,679 Revenue: $131,428

Family Services. providing training, financial mamagement classes, legal cost to families needing adequate housing, due to unsafe, overcrowding and or unaffordability. Habitat also provide temp...

Family Services. providing training, financial mamagement classes, legal cost to families needing adequate housing, due to unsafe, overcrowding and or unaffordability. Habitat also provide temp. rental to partners awaiting the completion of their homes.

Program 3

Expenses: $113,307 Revenue: $85,891

Restore: Operates as a rental hareware store with sales to the general public. Inventory is primarly donated, with sales proceeds used tocarr

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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 $1,329,730

Program Service Revenue $741,555

Investment Income $152,793

Other Revenue $135,122

TOTAL REVENUE $2,359,200

Expense Breakdown

Grants Paid $0

Salaries & Benefits $378,748

Fundraising Expenses $0

Program Expenses $919,750

Other Expenses $1,963,791

TOTAL EXPENSES $2,342,539

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,359,200	$1,373,232	+0.7%
Expenses	$2,342,539	$2,275,106	+0.0%
Net Income	$16,661	$-901,874	-1.0%

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

$90,790

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN HUDSON	Executive Director	40.00	Officer	$90,790	$0	$90,790
DON CROUCH	President	2.00	Officer Director	$0	$0	$0
JEFF MCCELLAND	Vice President	2.00	Officer Director	$0	$0	$0
MIKE CARLSON SR	Treasurer	2.00	Officer Director	$0	$0	$0
LEWIS SCOTT	Member atlarge	2.00	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	$2,359,200	$2,342,539	$4,586,604	$16,661
2024	$1,373,232	$2,275,106	$4,337,001	$-901,874
2023	$710,568	$968,992	$3,155,414	$-258,424
2022	$645,688	$572,539	$3,447,837	$73,149
2021	$398,904	$430,377	$3,381,800	$-31,473
2021	$633,986	$566,379	$3,470,620	$67,607
2020	$693,115	$583,443	$3,371,620	$109,672
2020	$296,895	$568,784	$3,073,202	$-271,889
2019	$672,555	$561,951	$3,245,200	$110,604
2018	$1,096,888	$880,895	$3,139,318	$215,993