HARBOR HOUSE FOUNDATION INC (EIN 593401516) - 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

1998

Legal Domicile

Phone

4055177566

Tax Period

2024-01-01 to 2024-12-31

HARBOR HOUSE FOUNDATION INC, founded in 1998, is a small nonprofit in the Human Services sector that reported $771K in total revenue in fiscal year 2024. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $1.1M exceeded revenue, resulting in a 43% operating deficit.

Mission

OPERATE A HOME TO PROVIDE A PLACE TO LIVE FOR SENIOR MEN AND WOMEN WHO ARE IMPOVERISHED

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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 $297,521

Program Service Revenue $397,320

Investment Income $75,820

Other Revenue $0

TOTAL REVENUE $770,661

Expense Breakdown

Grants Paid $0

Salaries & Benefits $318,568

Fundraising Expenses $0

Program Expenses $950,882

Other Expenses $781,760

TOTAL EXPENSES $1,100,328

Year-over-Year Comparison

	2024	2023	Change
Revenue	$770,661	$1,093,443	-0.3%
Expenses	$1,100,328	$1,130,574	0.0%
Net Income	$-329,667	$-37,131	+7.9%

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

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

$110,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM JONES	VICE PRESIDENT	40.00	Officer	$66,000	$0	$66,000
CONNIE JONES	SECRETARY	40.00	Officer	$37,500	$0	$37,500
TOMMY JONES	PRESIDENT	40.00	Officer	$7,200	$0	$7,200
RANDY GREEN	DIRECTOR	0.00	Officer	$0	$0	$0
SANDY WALKER	DIRECTOR	0.00	Officer	$0	$0	$0
JANET HOSTETTER	DIRECTOR	0.00	Officer	$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	$770,661	$1,100,328	$352,747	$-329,667
2023	$1,017,623	$1,130,574	$245,163	$-112,951
2022	$799,626	$1,031,352	$78,973	$-231,726
2021	$738,053	$835,817	$78,797	$-97,764
2020	$435,457	$679,559	$200,017	$-244,102
2019	$1,101,910	$765,172	$4,459,483	$336,738
2018	$835,427	$778,399	$4,821,154	$57,028

HARBOR HOUSE FOUNDATION INC