Safe Harbors Network (EIN 831617912) - 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

2018

Legal Domicile

Phone

6197231371

Tax Period

2024-01-01 to 2024-12-31

Safe Harbors Network, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $392K in total revenue in fiscal year 2024. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

Provide shelter and basic necessities to support immigrants, refugees and asylyum seekers.

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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 $324,890

Program Service Revenue $66,750

Investment Income $0

Other Revenue $0

TOTAL REVENUE $391,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $50,271

Fundraising Expenses $0

Program Expenses $320,665

Other Expenses $348,713

TOTAL EXPENSES $398,984

Year-over-Year Comparison

	2024	2023	Change
Revenue	$391,640	$587,853	-0.3%
Expenses	$398,984	$591,564	-0.3%
Net Income	$-7,344	$-3,711	+1.0%

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

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

$23,460

Total Directors

$23,460

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Donald Owens	Executive Dir.	10.00	Officer Director	$13,210	$0	$13,210
Jeannetta Watson	Secretary	10.00	Officer Director	$10,250	$0	$10,250
Becky Innocent	Director	1.00	Director	$0	$0	$0
John Lurvey	Director	1.00	Director	$0	$0	$0
Lee Barken	Director	1.00	Director	$0	$0	$0
Mary Baker	Director	1.00	Director	$0	$0	$0
Kent Raysin	Director	10.00	Director	$0	$0	$0
Elise Durandisse	Director	1.00	Director	$0	$0	$0
Jimmy Marcelin	Director	1.00	Director	$0	$0	$0
Susan Naslund	Director	1.00	Director	$0	$0	$0
Rev Kim Ports	Director	1.00	Director	$0	$0	$0
Kay Gilbert	Chairperson	1.00	Officer Director	$0	$0	$0
Albert Melchor	Director	1.00	Director	$0	$0	$0
Wismick Saint-Jean	Director	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	$391,640	$398,984	$8,187	$-7,344
2023	$587,853	$591,564	$15,531	$-3,711
2022	$400,128	$422,048	$19,242	$-21,920
2021	$234,035	$199,989	$41,162	$34,046

Safe Harbors Network