SONRISE HARBOR INC (EIN 454980817) - 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

2012

Legal Domicile

Principal Officer

PASTOR MIKE SHAFFER

Phone

3236410660

Tax Period

2023-01-01 to 2023-12-31

SONRISE HARBOR INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $197K in total revenue in fiscal year 2023. The organization ran a surplus of $37K, a strong 19% operating margin.

Mission

TO PROVIDE A SAFE HARBOR FOR HURTING WOMEN WHO ARE SEEKING RECOVERY FROM DRUGS, ALCOHOL OR OTHER DYSFUNCTIONS, AND WHO DESIRE ANOTHER CHANCE TO LAUNCH A SUCCESSFUL LIFE. WE WANT TO INTRODUCE THEM TO JESUS CHRIST, TEACH THEM POSITIVE LIFE SKILLS AND REINTEGRATE THEM INTO SOCIETY TO BLESS THE COMMUNITY AND BRING GLORY TO GOD.

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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 $197,406

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $197,406

Expense Breakdown

Grants Paid $0

Salaries & Benefits $60,890

Fundraising Expenses $0

Program Expenses $160,125

Other Expenses $99,235

TOTAL EXPENSES $160,125

Year-over-Year Comparison

	2023	2022	Change
Revenue	$197,406	$186,434	+0.1%
Expenses	$160,125	$187,335	-0.1%
Net Income	$37,281	$-901	-42.4%

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

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
CLAY BAKER	DIRECTOR	1.00	Director	$0	$0	$0
LIBBY COLEILA	SECRETARY	1.00	Officer Director	$0	$0	$0
CAROL DECORDOVA	DIRECTOR	1.00	Director	$0	$0	$0
DR PHILLIP LEWIS	DIRECTOR	1.00	Director	$0	$0	$0
RONALD RAGON	DIRECTOR	1.00	Director	$0	$0	$0
SANDY RAGON	TREASURER	1.00	Officer Director	$0	$0	$0
PASTOR MIKE SHAFFER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
ROCHELLE TUKES	VICE CHAIR	1.00	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	No data	No data	No data	No data
2023	$197,406	$160,125	$128,307	$37,281
2022	$186,434	$187,335	$91,026	$-901
2021	$198,006	$183,474	$91,927	$14,532
2020	$197,424	$174,630	$77,395	$22,794
2019	$144,619	$152,486	$54,601	$-7,867
2018	$144,737	$123,908	$62,468	$20,829

SONRISE HARBOR INC