HARBOR LIGHTS HOUSING (EIN 421548630) - 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

2003

Legal Domicile

Principal Officer

CHRIS HARMON

Phone

2078790347

Tax Period

2023-10-01 to 2024-09-30

HARBOR LIGHTS HOUSING, founded in 2003, is a micro nonprofit in the Housing & Shelter sector that reported $63K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Net assets of $305K represent 58 months of operating reserves.

Mission

TO PROVIDE HOUSING TO LOW INCOME, DISABLED INDIVIDUALS.

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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 $41,929

Program Service Revenue $19,922

Investment Income $1,271

Other Revenue $0

TOTAL REVENUE $63,122

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $65,082

Other Expenses $65,082

TOTAL EXPENSES $65,082

Year-over-Year Comparison

	2023	2022	Change
Revenue	$63,122	$56,275	+0.1%
Expenses	$65,082	$70,156	-0.1%
Net Income	$-1,960	$-13,881	-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

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
GUNNAR HUBBARD	SECRETARY	2.00	Officer Director	$0	$0	$0
BILL SHANNAHAN	TREASURER	2.00	Officer Director	$0	$0	$0
JENNIFER PUTNAM	PRESIDENT	2.00	Officer 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	$63,122	$65,082	$415,711	$-1,960
2023	$56,275	$70,156	$419,918	$-13,881
2022	$52,878	$60,788	$432,349	$-7,910
2021	$49,877	$57,419	$438,433	$-7,542
2020	$48,923	$61,993	$444,167	$-13,070
2019	$46,024	$51,047	$457,609	$-5,023

HARBOR LIGHTS HOUSING