Harbour Ridge Family Foundation

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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

2013

Legal Domicile

Principal Officer

Jeffrey S Belau

Phone

7723368921

Tax Period

2023-01-01 to 2023-12-31

Harbour Ridge Family Foundation, founded in 2013, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $241K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $131K, a strong 54% operating margin.

Mission

None

Program Service Accomplishments

Program 1

Expenses: $102,966

Providing education tuition assistance to Harbour Ridge Yacht and Country Club and Harbour Ridge Property Owners Association staff members and their children and grandchildren based upon financial...

Providing education tuition assistance to Harbour Ridge Yacht and Country Club and Harbour Ridge Property Owners Association staff members and their children and grandchildren based upon financial needs.

Program 2

Expenses: $2,063

Emergency assistance program for Harbour Ridge Yacht & Country Club, Inc. and Harbour Ridge Property Owners Association, Inc. staff.

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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 $238,602

Program Service Revenue $0

Investment Income $7,988

Other Revenue $-5,223

TOTAL REVENUE $241,367

Expense Breakdown

Grants Paid $105,029

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $105,029

Other Expenses $5,116

TOTAL EXPENSES $110,145

Year-over-Year Comparison

	2023	2022	Change
Revenue	$241,367	$208,731	+0.2%
Expenses	$110,145	$146,026	-0.2%
Net Income	$131,222	$62,705	+1.1%

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

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
Rita May Wright	President till 6/28/23	0.50	Officer Director	$0	$0	$0
Douglas Sages	Treasurer	0.50	Officer Director	$0	$0	$0
Jeffrey S Belau	Assistant Treasurer	0.50	Officer Director	$0	$0	$0
Lynn Brennan	Secretary till 6/28/2023	0.50	Officer Director	$0	$0	$0
Michael Salerno	Assistant Secretary	0.50	Officer Director	$0	$0	$0
Paula Beaudoin	Board Member	0.50	Director	$0	$0	$0
Andrew Harris	Board Member	0.50	Director	$0	$0	$0
Michael Imperlate	Board Member	0.50	Director	$0	$0	$0
Kathleen Powell	Board Member	0.50	Director	$0	$0	$0
Greg Warner	Board Member	0.50	Director	$0	$0	$0
Connie Humphrey	President as of 6/28/2023	0.50	Officer Director	$0	$0	$0
Elizabeth Portland	Secretary as of 6/28/2023	0.50	Officer Director	$0	$0	$0
Ellen Thompson	Board Member as of 6/28/2023	0.50	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
2024	No data	No data	No data	No data
2023	$241,367	$110,145	$278,097	$131,222
2022	$208,731	$146,026	$146,283	$62,705