HARBOR BLUFFS OWNERS ASSOCIATION INC (EIN 590816976) - 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

1972

Legal Domicile

Phone

7275846695

Tax Period

2023-01-01 to 2023-12-31

HARBOR BLUFFS OWNERS ASSOCIATION INC, founded in 1972, is a small nonprofit that reported $185K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $261K exceeded revenue, resulting in a 41% operating deficit.

Mission

COMMUNITY EVENTS & SERVICES

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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 $184,676

Program Service Revenue $0

Investment Income $17

Other Revenue $0

TOTAL REVENUE $184,693

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $256,643

Other Expenses $261,026

TOTAL EXPENSES $261,026

Year-over-Year Comparison

	2023	2022	Change
Revenue	$184,693	$235,592	-0.2%
Expenses	$261,026	$250,350	+0.0%
Net Income	$-76,333	$-14,758	+4.2%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MYRA JAMES	SECRETARY	1.00	Director	$0	$0	$0
MARY MARGARET JOSWIG	DIRECTOR	1.00	Director	$0	$0	$0
BRAD CROUCH	TREASURY	1.00	Director	$0	$0	$0
C J SPANG	DIRECTOR	1.00	Director	$0	$0	$0
TARA KIVETT	DIRECTOR	1.00	Director	$0	$0	$0
LEE CURRY	PRESIDENT	1.00	Director	$0	$0	$0
DEBORAH BUDAJ	DIRECTOR	1.00	Director	$0	$0	$0
DARLENE SHEETS	DIRECTOR	1.00	Director	$0	$0	$0
DR SUSANTI CHOWDHURY	VICE PRESIDENT	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
2023	$184,693	$261,026	$153,716	$-76,333
2022	$235,592	$250,350	$230,042	$-14,758
2021	$243,333	$246,601	$244,669	$-3,268
2020	$243,605	$230,267	$247,937	$13,338

HARBOR BLUFFS OWNERS ASSOCIATION INC