HOPE HARBOR QALICB (EIN 823227844) - 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

2017

Legal Domicile

Principal Officer

STEVEN BRINKMAN

Phone

7135243682

Tax Period

2023-09-01 to 2024-08-31

HOPE HARBOR QALICB, founded in 2017, is a small nonprofit in the Mental Health sector that reported $323K in total revenue in fiscal year 2023. Revenue fell 64% from the prior year — a significant decline worth monitoring. Expenses of $417K exceeded revenue, resulting in a 29% operating deficit.

Mission

HOPE HARBOR QALICB WAS CREATED TO FACILITATE THE FRED & SUSAN DAILEY BUILDING NEW MARKET TAX CREDITS TRANSACTION FOR THE SOLE BENEFIT OF THE MEN'S CENTER, INCORPORATED.

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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 $0

Program Service Revenue $195,851

Investment Income $126,811

Other Revenue $0

TOTAL REVENUE $322,662

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $311,960

Other Expenses $417,133

TOTAL EXPENSES $417,133

Year-over-Year Comparison

	2023	2022	Change
Revenue	$322,662	$885,732	-0.6%
Expenses	$417,133	$346,618	+0.2%
Net Income	$-94,471	$539,114	-1.2%

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

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

$145,960

Total Directors

$145,960

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN BRINKMAN	Secretary	10.00	Officer Director	$0	$0	$145,960
ANDREW MARTIN	Chairman	0.25	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	$322,662	$417,133	$17,901,273	$-94,471
2023	$885,732	$346,618	$17,928,827	$539,114
2022	$445,559	$1,228,779	$17,806,075	$-783,220
2021	$8,916	$977,131	$18,956,795	$-968,215
2020	No data	$272,175	$20,767,411	No data
2019	$428,315	$320,483	$22,760,903	$107,832
2018	$5,004,484	$143,129	$19,812,383	$4,861,355

HOPE HARBOR QALICB