HARBOURVIEW FOUNDATION

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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

1989

Legal Domicile

Principal Officer

HAROLD LEE HADLEY

Phone

4097636000

Tax Period

2021-09-01 to 2022-08-31

HARBOURVIEW FOUNDATION, founded in 1989, is a small nonprofit in the Health Care sector that reported $360K in total revenue in fiscal year 2021. Revenue surged 990% from the prior year, signaling strong growth momentum. Expenses of $611K exceeded revenue, resulting in a 70% operating deficit.

Mission

THE CORPORATION IS ORGANIZED AND SHALL BE OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE,SCIENTIFIC, LITERARY, AND EDUCATIONAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THEINTERNAL REVENUE CODE OF 1986, AS AMENDED (THE "CODE") OR THE CORRESPONDING SECTION OF ANYFUTURE FEDERAL TAX CODE, BY ENGAGING DIRECTLY IN SUPPORT OF SUCH PURPOSES OR BY MAKINGDISTRIBUTIONS TO OTHER ORGANIZATIONS FOR USE, BY THE DISTRIBUTEES, IN SUPPORT OF SUCH PURPOSES.

Program Service Accomplishments

Program 1

Expenses: $492,500

DISTRIBUTION OF FUNDS RAISED FOR CHARITABLE, EDUCATIONAL, SCIENTIFIC, AND RELIGIOUS PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, OR CORRESPONDING...

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $359,868

Other Revenue $0

TOTAL REVENUE $359,868

Expense Breakdown

Grants Paid $492,500

Salaries & Benefits $58,263

Fundraising Expenses $0

Program Expenses $492,500

Other Expenses $60,658

TOTAL EXPENSES $611,421

Year-over-Year Comparison

	2021	2020	Change
Revenue	$359,868	$33,020	+9.9%
Expenses	$611,421	$888,685	-0.3%
Net Income	$-251,553	$-855,665	-0.7%

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

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

$59,938

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
E VINCE MATTHEWS III	PRESIDENT	1.00	Director	$2,000	$0	$2,000
JIM LOVELACE	DIRECTOR	1.00	Director	$2,000	$0	$2,000
ALLAN MATTHEWS	DIRECTOR	1.00	Director	$2,000	$0	$2,000
SHELLEY HORST	GRANT COORDINATOR	40.00	Director	$53,938	$0	$53,938

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
2022	$359,868	$611,421	$6,151,486	$-251,553
2021	$33,020	$888,685	$6,404,594	$-855,665
2019	$1,304,106	$540,938	$7,153,045	$763,168
2018	$3,096,202	$1,948,856	$6,439,197	$1,147,346