HARBOR HOSPITAL INC (EIN 520491660) - 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

1903

Legal Domicile

Principal Officer

JILL DONALDSON

Phone

4107726721

Tax Period

2022-07-01 to 2023-06-30

HARBOR HOSPITAL INC, founded in 1903, is a major nonprofit in the Health Care sector that reported $196.1M in total revenue in fiscal year 2022.

Mission

HARBOR HOSPITAL IS COMMITTED TO QUALITY, CARING, AND SERVICE FOR OUR PATIENTS AND OUR COMMUNITIES.

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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 (2022)

Revenue Breakdown

Contributions & Grants $6,941,391

Program Service Revenue $182,280,177

Investment Income $76,467

Other Revenue $6,773,798

TOTAL REVENUE $196,071,833

Expense Breakdown

Grants Paid $18,609

Salaries & Benefits $104,683,867

Fundraising Expenses $0

Program Expenses $184,649,203

Other Expenses $97,445,741

TOTAL EXPENSES $202,148,217

Year-over-Year Comparison

	2022	2021	Change
Revenue	$196,071,833	$189,467,942	+0.0%
Expenses	$202,148,217	$193,916,308	+0.0%
Net Income	$-6,076,384	$-4,448,366	+0.4%

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

1328

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

$1,707,133

Total Directors

$7,172,106

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH A SAMET	DIRECTOR	1.00	Director	$0	$97,941	$5,459,567
JILL DONALDSON	PRESIDENT	40.00	Officer Director	$751,335	$46,546	$797,881
CARLOS D ZIGEL MD	DIRECTOR	1.00	Director	$0	$0	$0
DAWN M GRETZ DPM	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS A GEDDES	CHAIR	1.00	Officer Director	$0	$0	$0
JAMES H FIELDS	DIRECTOR	1.00	Director	$0	$0	$0
SWATA J GANDHI	DIRECTOR	1.00	Director	$0	$0	$0
SAVA KARAS	DIRECTOR (AS OF 11/2/22)	1.00	Director	$0	$0	$0
FATEH HRAKY MD	DIRECTOR (UNTIL 5/3/22)	1.00	Director	$0	$0	$0
VINCENT CONNELLY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MOHSEN GHARIB MD	DIRECTOR	40.00	Director	$492,236	$28,217	$520,453
KERUNNE S KETLOGETSWE MD	DIRECTOR	40.00	Director	$383,629	$10,576	$394,205
MEREDITH CHAIKEN	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTOPHER GIBSON	DIRECTOR (UNTIL 8/31/22)	40.00	Director	$0	$0	$0
KEITH SHINER	SECRETARY	1.00	Officer	$0	$29,534	$322,254
DEANA STOUT	CFO/TREASURER	1.00	Officer	$0	$51,916	$586,998
IDA NDAMO	REGISTERED NURSE	40.00	Highest	$292,749	$0	$292,749
DANIEL TESFAMARIAM	REGISTERED NURSE	40.00	Highest	$264,996	$22,195	$287,191
ANTHONY NWAIWU	REGISTERED NURSE	40.00	Highest	$213,489	$26,513	$240,002
CARA MILLER	SR. DIRECTOR, NURSING OPS.	40.00	Highest	$196,631	$18,151	$214,782
MILLICENT NGATIA	REGISTERED NURSE	40.00	Highest	$196,319	$28,875	$225,194
STUART LEVINE MD	FORMER OFFICER	1.00		$0	$41,395	$1,216,483
ROBERT LALLY	FORMER TREASURER	1.00		$0	$46,023	$501,307
JILL JOHNSON	FORMER VP OF OPS (SINCE 04/2020)	1.00		$0	$27,869	$403,926

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$196,071,833	$202,148,217	$89,870,851	$-6,076,384
2022	$189,467,942	$193,916,308	$93,097,905	$-4,448,366
2021	$200,415,649	$207,094,464	$84,612,393	$-6,678,815
2020	$194,703,768	$190,874,673	$82,942,236	$3,829,095
2019	$191,587,141	$190,269,599	$75,877,242	$1,317,542
2018	$203,461,249	$189,037,499	$75,765,206	$14,423,750

HARBOR HOSPITAL INC