HARBOR HOUSE (EIN 384100881) - Form 990 Financial Analysis & Trantor Score

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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

2019

Legal Domicile

Principal Officer

Denise Cortes

Phone

8054643533

Tax Period

2023-01-01 to 2023-12-31

HARBOR HOUSE, founded in 2019, is a community nonprofit in the Human Services sector that reported $1.0M in total revenue in fiscal year 2023.

Mission

HARBOR HOUSE HOPES TO CONTRIBUTE TO THE BUILDING OF A JUST COMMUNITY WHERE ALL PEOPLE ARE INCLUDED. WE SEE ALL HUMAN BEINGS AS WORTHY OF OUR TIME AND OUR EFFORTS. WE OFFER REFERRALS, RESOURCES, CASE MANAGEMENT, AND A HAND UP FOR THOSE WHO ARE STRUGGLING. IT IS OUR GOAL TO HELP ALL PEOPLE IN OUR COMMUNITY FIND HOPE,GAINFUL EMPLOYMENT, AFFORDABLE HOUSING, AND A SENSE OF PERSONAL WELL BEING.

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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 $1,000,691

Program Service Revenue $12,343

Investment Income $35

Other Revenue $390

TOTAL REVENUE $1,013,459

Expense Breakdown

Grants Paid $258,577

Salaries & Benefits $413,135

Fundraising Expenses $130,424

Program Expenses $861,151

Other Expenses $405,670

TOTAL EXPENSES $1,077,382

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,013,459	$1,018,108	0.0%
Expenses	$1,077,382	$1,037,660	+0.0%
Net Income	$-63,923	$-19,552	+2.3%

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

3645

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

$193,472

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Denise Cortes	Executive Dir.	40.00	Director	$109,583	$2,889	$112,472
Sheri Groenveld	Operations Dir.	40.00	Director	$81,000	$0	$81,000
Patrissha Booker	Director	0.25	Director	$0	$0	$0
Ken Caudill	Treasurer	1.00	Officer Director	$0	$0	$0
Cory Colgan	President	2.00	Officer Director	$0	$0	$0
Jill Cook	VP, Secretary	2.00	Officer Director	$0	$0	$0
Joan Eggert	Director	2.00	Director	$0	$0	$0
Dave Zinsmeister	Director	0.25	Director	$0	$0	$0
Norman Kachuck	Director	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
2024	No data	No data	No data	No data
2023	$1,013,459	$1,077,382	$298,919	$-63,923
2022	$1,018,108	$1,037,660	$362,842	$-19,552
2021	$1,150,929	$1,053,712	$382,394	$97,217
2020	$887,605	$679,692	$285,177	$207,913
2019	$256,361	$179,097	$78,188	$77,264

HARBOR HOUSE