Harbor House Inc (EIN 620673183) - 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

1962

Legal Domicile

Principal Officer

JON JACKSON

Phone

9014122853

Tax Period

2023-07-01 to 2024-06-30

Harbor House Inc, founded in 1962, is a community nonprofit in the Mental Health sector that reported $1.5M in total revenue in fiscal year 2023. Expenses of $1.5M left a modest 5% surplus.

Mission

ALCOHOL DRUG REHAB AND HALFWAY HOUSE.

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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 $1,522,124

Program Service Revenue $0

Investment Income $0

Other Revenue $12,047

TOTAL REVENUE $1,534,171

Expense Breakdown

Grants Paid $0

Salaries & Benefits $934,252

Fundraising Expenses $0

Program Expenses $1,160,187

Other Expenses $523,439

TOTAL EXPENSES $1,457,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,534,171	$1,453,338	+0.1%
Expenses	$1,457,691	$1,376,812	+0.1%
Net Income	$76,480	$76,526	0.0%

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

Volunteers

N/A

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

$298,231

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JACQUES A TATE	CEO	40.00	Key Emp Highest	$190,309	$0	$190,309
JON JACKSON	COO	40.00	Key Emp	$107,922	$0	$107,922
Dr JUNE CHINN-JOINTER	CHAIR	1.00	Director	$0	$0	$0
CHERINA L KING	TREASURER	1.00	Director	$0	$0	$0
MINUS ADAMS	SECRETARY	1.00	Director	$0	$0	$0
ROSEMARIE DUGGER	EMERITUS	1.00	Director	$0	$0	$0
CAROLYN BELL-BLACK	MEMBER	1.00	Director	$0	$0	$0
LENORIA DAVIS	MEMBER	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	$1,534,171	$1,457,691	$782,670	$76,480
2023	$1,453,338	$1,376,812	$760,719	$76,526
2022	$1,113,115	$1,298,162	$642,460	$-185,047
2021	$1,538,772	$1,211,913	$879,677	$326,859
2020	$1,204,586	$1,461,261	$677,453	$-256,675
2019	$1,386,503	$1,383,654	$757,093	$2,849
2018	$1,466,038	$1,189,580	$753,889	$276,458

Harbor House Inc