CHARLOTTE, NC
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
HARBORPATH IS A SOUTH CAROLINA NONPROFIT CORPORATION THAT WILL CONDUCT PHARMACEUTICAL PROGRAMS CONSISTENT WITH THE EXEMPT PURPOSES LISTED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HARBORPATH...
HARBORPATH IS A SOUTH CAROLINA NONPROFIT CORPORATION THAT WILL CONDUCT PHARMACEUTICAL PROGRAMS CONSISTENT WITH THE EXEMPT PURPOSES LISTED IN SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. HARBORPATH WILL SERVE QUALIFIED LOW-INCOME UNINSURED INDIVIDUALS WITH LIFE-THREATENING AND/OR CHRONIC CONDITIONS SUCH AS HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS THROUGHOUT THE UNITED STATES. HARBORPATH WILL PROVIDE A SEAMLESS SOLUTION TO DELIVER THERAPEUTIC MEDICATION AT NO COST - THROUGH A SIMPLIFIED ONE-STOP-SHOPPING PROCESS. HARBORPATH ENABLES THOSE PROVIDING CARE AND TREATMENT FOR HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS TO FILL THE MEDICATION GAP FOR THE UNINSURED. THROUGH HARBORPATH'S PARTNERSHIPS WITH INDUSTRY LEADERS, THE ORGANIZATION WILL DIRECTLY IMPACT THE LIVES OF PATIENTS SUFFERING FROM HIV/AIDS, HEPATITIS, AND OPIOID SUBSTANCE USE DISORDERS AT THE COMMUNITY AND NATIONAL LEVELS. EXAMPLES OF THE PROGRAMS THAT WILL BE CONDUCTED BY HARBORPATH INCLUDE THE FOLLOWING: (1) MANAGE PATIENT ASSISTANCE PROGRAM ELIGIBILITY PROCESS ON BEHALF OF PHARMACEUTICAL COMPANIES, (2) DELIVER MEDICATIONS TO PATIENTS/PRESCRIBERS/CLIENTS. RECONNECT PATIENTS TO STATE FUNDED DRUG ASSISTANCE PROGRAMS WHEN POSSIBLE, AND (3) PROVIDE INFORMATION TO PEOPLE WHO ARE INELIGIBLE FOR HARBORPATH SERVICES REGARDING HOW THEY CAN ACCESS TREATMENT.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare HARBORPATH INC with other nonprofits in North Carolina and across the country.