FRIENDLY HARBOR (EIN 841349692) - 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

1996

Principal Officer

MICHELLE HILL

Phone

7195452564

Tax Period

2023-01-01 to 2023-12-31

FRIENDLY HARBOR, founded in 1996, is a small nonprofit in the Human Services sector that reported $493K in total revenue in fiscal year 2023. Revenue decreased 7% compared to the prior year. Expenses of $453K left a modest 8% surplus.

Mission

PEER SUPPORT GROUPS FOR INDIVIDUAL WITH MENTAL HEALTH RECOVERY ISSUES

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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 $492,666

Program Service Revenue $0

Investment Income $572

Other Revenue $0

TOTAL REVENUE $493,238

Expense Breakdown

Grants Paid $0

Salaries & Benefits $382,036

Fundraising Expenses $0

Program Expenses $453,154

Other Expenses $71,118

TOTAL EXPENSES $453,154

Year-over-Year Comparison

	2023	2022	Change
Revenue	$493,238	$533,018	-0.1%
Expenses	$453,154	$370,102	+0.2%
Net Income	$40,084	$162,916	-0.8%

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

$57,250

Total Directors

$57,250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELLE HILL	EXECUTIVE DI	40.00	Officer Director	$57,250	$0	$57,250
JOE BOWERS	DIRECTOR	N/A	Director	$0	$0	$0
BRETT COZZA	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE HAGER	DIRECTOR	N/A	Director	$0	$0	$0
PATRICK HURLEY	DIRECTOR	N/A	Director	$0	$0	$0
MARY LOU JACKSON	TREASURER	N/A	Officer Director	$0	$0	$0
BRIAN MONTROSE	PRES/BOARD C	N/A	Officer Director	$0	$0	$0
KENNEDY PUGH	BOARD SECRET	N/A	Director	$0	$0	$0
JEFF RICHARDS	DIRECTOR	N/A	Director	$0	$0	$0
JEFF SMITH	DIRECTOR	N/A	Director	$0	$0	$0
DARREN VELARDE	DIRECTOR	N/A	Director	$0	$0	$0
JILL WODIUK	DIRECTOR	N/A	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	No data	No data	No data	No data
2023	$493,238	$453,154	$426,745	$40,084
2022	$533,018	$370,102	$420,125	$162,916
2021	$341,890	$362,809	$314,786	$-20,919
2020	$310,309	$285,037	$339,286	$25,272
2019	$228,365	$165,733	$310,475	$62,632

FRIENDLY HARBOR