Harbor Inn (EIN 842483072) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2018

Legal Domicile

Principal Officer

Andrew Adair

Tax Period

2023-01-01 to 2023-12-31

Harbor Inn, founded in 2018, is a community nonprofit in the Housing & Shelter sector that reported $2.2M in total revenue in fiscal year 2023. Revenue surged 128% from the prior year, signaling strong growth momentum. Expenses of $3.8M exceeded revenue, resulting in a 73% operating deficit.

Mission

Construction and operation of housing for senior adults

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,466

Program Service Revenue $2,148,819

Investment Income $26,640

Other Revenue $0

TOTAL REVENUE $2,176,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $414,202

Fundraising Expenses $0

Program Expenses $3,391,652

Other Expenses $3,342,370

TOTAL EXPENSES $3,756,572

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,176,925	$953,596	+1.3%
Expenses	$3,756,572	$2,398,472	+0.6%
Net Income	$-1,579,647	$-1,444,876	+0.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$80,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wenona Breazeale	Manager AL/RLC	040.00	Officer	$80,197	$0	$80,197
Andrew Adair	Treasurer	001.00	Director	$0	$0	$0
Kathryn Bartz	Secretary	001.00	Officer Director	$0	$0	$0
Melinda Conway Callahan	trustee	001.00	Director	$0	$0	$0
Gary Gendernalik	trustee	001.00	Director	$0	$0	$0
Frank Gitre	trustee	001.00	Director	$0	$0	$0
Briana Jacob	trustee	001.00	Director	$0	$0	$0
Ricardo Lara Jr	Vice chair	001.00	Officer Director	$0	$0	$0
Aaron Lundgaard	Chair	001.00	Officer Director	$0	$0	$0
Michael Passmore	trustee	001.00	Director	$0	$0	$0
Jeffrey Pike	trustee	001.00	Director	$0	$0	$0
John Peterson	trustee	001.00	Director	$0	$0	$0
Farrah Randayal Howard	trustee	001.00	Director	$0	$0	$0
Elaine Walton	trustee	001.00	Director	$0	$0	$0
Janet Lickman	trustee	001.00	Director	$0	$0	$0
Monnencia Riley	trustee	001.00	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	No data	No data	No data	No data
2023	$2,176,925	$3,756,572	$27,044,195	$-1,579,647
2022	$953,596	$2,398,472	$28,304,078	$-1,444,876
2021	$253,423	$434,897	$23,317,130	$-181,474
2020	No data	$10,093	$10,161,236	No data

Harbor Inn