OUR HARBOR OF HOPE FOR FAMILIES (EIN 843818899) - 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

2019

Legal Domicile

Principal Officer

SUZY STJERNSTROM

Phone

9038085394

Tax Period

2023-01-01 to 2023-12-31

OUR HARBOR OF HOPE FOR FAMILIES, founded in 2019, is a small nonprofit in the Human Services sector that reported $317K in total revenue in fiscal year 2023. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $356K exceeded revenue, resulting in a 12% operating deficit.

Mission

TO HELP FAMILIES LED BY SINGLE MOTHERS THRIVE.

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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 $352,456

Program Service Revenue $0

Investment Income $0

Other Revenue $-35,526

TOTAL REVENUE $316,930

Expense Breakdown

Grants Paid $0

Salaries & Benefits $165,829

Fundraising Expenses $421

Program Expenses $274,061

Other Expenses $189,686

TOTAL EXPENSES $355,515

Year-over-Year Comparison

	2023	2022	Change
Revenue	$316,930	$403,012	-0.2%
Expenses	$355,515	$356,519	0.0%
Net Income	$-38,585	$46,493	-1.8%

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

100

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

$30,937

Total Directors

$30,937

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
IJEOMA UNEGBU	PRESIDENT	2.00	Officer Director	$0	$0	$0
MARLENE DICKSON	DIRECTOR	2.00	Officer Director	$0	$0	$0
EW SCATES	DIRECTOR	2.00	Officer Director	$0	$0	$0
PAM SCATES	DIRECTOR	2.00	Officer Director	$0	$0	$0
SUZY SHEPHERD	DIRECTOR	2.00	Officer Director	$0	$0	$0
AMBER PAYNE	DIRECTOR	2.00	Officer Director	$0	$0	$0
MARTHA STJERNSTROM	EXECUTIVE DIRECTOR	40.00	Officer Director	$30,937	$0	$30,937

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	$316,930	$355,515	$22,589	$-38,585
2022	$403,012	$356,519	$61,174	$46,493

OUR HARBOR OF HOPE FOR FAMILIES