HARBOR GROUP INSURANCE TRUST

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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

1984

Legal Domicile

Principal Officer

JOEL VAN EGDOM

Phone

7127221660

Tax Period

2023-09-01 to 2024-08-31

HARBOR GROUP INSURANCE TRUST, founded in 1984, is a mid-sized nonprofit that reported $14.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

NONE

Program Service Accomplishments

Program 1

THE PLAN PROVIDES HEALTH, PRESCRIPTION DRUG, DENTAL, VISION, LONG-TERM AND SHORT-TERM DISABILITY, DEPENDENT CARE AND MEDICAL EXPENSE REIMBURSEMENT, IDENTITY PROTECTION MONITORING, AND LIFE, CANCER...

THE PLAN PROVIDES HEALTH, PRESCRIPTION DRUG, DENTAL, VISION, LONG-TERM AND SHORT-TERM DISABILITY, DEPENDENT CARE AND MEDICAL EXPENSE REIMBURSEMENT, IDENTITY PROTECTION MONITORING, AND LIFE, CANCER, ACCIDENT, AND ACCIDENTAL DEATH AND DISMEMBERMENT INSURANCE BENEFITS COVERING ELIGIBLE EMPLOYEES OF HARBOR GROUP, INC. AND ITS SUBSIDIARIES. THERE WERE 1,106 ACTIVE PARTICIPANTS IN THE PLAN AND 7 RETIRED OR SEPARATED PARTICIPANTS RECEIVING BENEFITS AT YEAR END.

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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 $0

Program Service Revenue $14,418,657

Investment Income $30,265

Other Revenue $0

TOTAL REVENUE $14,448,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $3,010,685

TOTAL EXPENSES $14,335,398

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,448,922	$12,778,981	+0.1%
Expenses	$14,335,398	$12,307,202	+0.2%
Net Income	$113,524	$471,779	-0.8%

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

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
JOEL VAN EGDOM	CFO	0.20	Officer Director	$0	$0	$0
SHARON AMMONS-FIEKEMA	ACCOUNTING MANAGER	0.50	Director	$0	$0	$0
ERIC JENSEN	HR DIRECTOR	0.20	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	No data	No data	No data	No data
2024	$14,448,922	$14,335,398	$3,847,073	$113,524
2023	$12,778,981	$12,307,202	$2,431,283	$471,779
2022	$10,658,848	$10,685,497	$2,228,974	$-26,649
2021	$10,385,047	$9,510,584	$1,977,481	$874,463
2020	$10,456,602	$9,844,831	$1,133,978	$611,771
2019	$7,743,356	$7,885,448	$675,620	$-142,092
2018	$6,293,751	$6,383,560	$776,515	$-89,809