HARBOR HOSPICE FOUNDATION (EIN 472115941) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2014

Legal Domicile

Principal Officer

SUSAN HOUSEMAN

Tax Period

2024-01-01 to 2024-12-31

HARBOR HOSPICE FOUNDATION, founded in 2014, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2024. Revenue surged 169% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 60% operating margin.

Mission

HARBOR HOSPICE FOUNDATION'S PURPOSE IS TO SUPPORT ACTIVITIES OF ITS NONPROFIT AFFILIATED CORPORATION, HOSPICE OF MUSKEGON COUNTY, INC., ALSO KNOWN AS HARBOR HOSPICE. IN SO DOING, IT SHALL PROVIDE RELIEF OF THE POOR, THE DISTRESSED AND THE UNDERPRIVILEGED AND ALSO PROVIDE FOR A LESSENING OF THE BURDENS OF GOVERNMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,137,441

Program Service Revenue $0

Investment Income $734,839

Other Revenue $142,432

TOTAL REVENUE $2,014,712

Expense Breakdown

Grants Paid $373,694

Salaries & Benefits $0

Fundraising Expenses $233,856

Program Expenses $450,780

Other Expenses $441,819

TOTAL EXPENSES $815,513

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,014,712	$750,327	+1.7%
Expenses	$815,513	$655,385	+0.2%
Net Income	$1,199,199	$94,942	+11.6%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$192,330

Total Directors

$192,330

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN HOUSEMAN	PRESIDENT	5.00	Officer Director	$0	$22,001	$192,330
ROGER MORGENSTERN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
WILL MEIER ESQ	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID DORA	SECRETARY	1.00	Officer Director	$0	$0	$0
TIMOTHY GRUNWALD	TREASURER	1.00	Officer Director	$0	$0	$0
MERICA DOBRY ESQ	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER BRIGGS RUSSELL	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE VANDERLINDE	DIRECTOR	1.00	Director	$0	$0	$0
RANDILYNN TALSMA	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS A SERIO	DIRECTOR	1.00	Director	$0	$0	$0
JODY GARBUTT	DIRECTOR	1.00	Director	$0	$0	$0
KRISTINE JORDAHL	DIRECTOR	1.00	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	$2,014,712	$815,513	$18,188,726	$1,199,199
2023	$750,327	$655,385	$16,250,892	$94,942
2022	$732,447	$607,528	$15,857,281	$124,919
2021	$1,219,529	$454,420	$16,596,984	$765,109
2020	$708,983	$425,877	$15,136,705	$283,106
2019	$1,705,950	$397,367	$14,314,518	$1,308,583
2018	$1,162,887	$450,981	$11,354,936	$711,906

HARBOR HOSPICE FOUNDATION