HARBORPATH INC (EIN 455174402) - 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

KEN TROGDON

Phone

9808593483

Tax Period

2023-01-01 to 2023-12-31

HARBORPATH INC, founded in 2012, is a mid-sized nonprofit in the Diseases & Disorders sector that reported $12.4M in total revenue in fiscal year 2023. Revenue fell 46% from the prior year — a significant decline worth monitoring.

Mission

HARBORPATH'S MISSION IS TO PROVIDE A STREAMLINED PROCESS THAT ENSURES TIMELY ACCESS TO CRITICAL MEDICATIONS FOR UNINSURED PEOPLE LIVING WITH LIFE-THREATENING AND/OR CHRONIC CONDITIONS SUCH AS HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS.

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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 $12,209,948

Program Service Revenue $185,393

Investment Income $2,049

Other Revenue $2

TOTAL REVENUE $12,397,392

Expense Breakdown

Grants Paid $11,578,773

Salaries & Benefits $369,107

Fundraising Expenses $728

Program Expenses $12,078,176

Other Expenses $456,072

TOTAL EXPENSES $12,403,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,397,392	$22,797,350	-0.5%
Expenses	$12,403,952	$22,416,003	-0.4%
Net Income	$-6,560	$381,347	-1.0%

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

$156,732

Total Directors

$156,732

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR DONNA SWEET	CHAIR	5.00	Officer Director	$0	$0	$0
MURRAY C PENNER	BOARD MEMBER	1.00	Director	$0	$0	$0
COREY BOOKER	BOARD MEMBER	1.00	Director	$0	$0	$0
JUDITH FEINBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULETTE HEATH	BOARD MEMBER	1.00	Director	$0	$0	$0
GREG WEAVER	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN TROGDON	PRESIDENT	40.00	Officer Director	$150,108	$6,624	$156,732

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	$12,397,392	$12,403,952	$2,952,192	$-6,560
2022	$22,797,350	$22,416,003	$2,806,639	$381,347
2021	$29,463,428	$30,973,019	$2,428,632	$-1,509,591
2020	$10,900,690	$9,173,003	$3,975,942	$1,727,687
2019	$15,025,812	$14,660,713	$2,157,892	$365,099
2018	$13,250,390	$12,916,514	$1,665,819	$333,876

HARBORPATH INC