SAFE HARBOR OF GRAND TRAVERSE INC (EIN 464989411) - 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

2014

Legal Domicile

Principal Officer

Patrick Livingston

Phone

2319440283

Tax Period

2024-01-01 to 2024-12-31

SAFE HARBOR OF GRAND TRAVERSE INC, founded in 2014, is a small nonprofit in the Housing & Shelter sector that reported $829K in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $245K, a strong 30% operating margin.

Mission

Emergency overnight shelter offering shelter, meals and support for adults experiencing homelessness in the Grand Traverse region. Organization provided 13,777 bed nights for 344 individuals experiencing homelessness during 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $793,828

Program Service Revenue $0

Investment Income $34,700

Other Revenue $0

TOTAL REVENUE $828,528

Expense Breakdown

Grants Paid $0

Salaries & Benefits $351,325

Fundraising Expenses $1,279

Program Expenses $424,122

Other Expenses $232,053

TOTAL EXPENSES $583,378

Year-over-Year Comparison

	2024	2023	Change
Revenue	$828,528	$575,752	+0.4%
Expenses	$583,378	$507,995	+0.1%
Net Income	$245,150	$67,757	+2.6%

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

2300

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
Patrick Livingston	Chairperson	10	Officer Director	$0	$0	$0
Wayne Sterenberg	Treasurer	10	Officer Director	$0	$0	$0
John Daniels	Secretary	10	Officer Director	$0	$0	$0
Daniel Besselsen	Director	5	Director	$0	$0	$0
Joshua Brandt	Director	5.00	Director	$0	$0	$0
Christopher Ellalasingham	Director	5	Director	$0	$0	$0
Donna Olendorf	Director	5	Director	$0	$0	$0
Dr Lynn Swann	Director	5	Director	$0	$0	$0
William White	Director	5	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	$828,528	$583,378	$2,456,318	$245,150
2023	$575,752	$507,995	$2,009,323	$67,757
2022	$506,005	$590,086	$1,937,007	$-84,081
2021	$614,080	$457,260	$2,035,507	$156,820
2020	$518,736	$356,887	$1,881,447	$161,849

SAFE HARBOR OF GRAND TRAVERSE INC