UNITED HARBOR AREA ASSOCATION (EIN 852189218) - 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

2020

Principal Officer

RICHARD G LUNA

Phone

3104042200

Tax Period

2024-01-01 to 2024-12-31

UNITED HARBOR AREA ASSOCATION, founded in 2020, is a small nonprofit in the Public & Societal Benefit sector that reported $450K in total revenue in fiscal year 2024. Expenses of $502K exceeded revenue, resulting in a 11% operating deficit.

Mission

United Harbor Area Association (UHAA) is a Californianonprofit public benefit corporation organized and operated exclusively for charitable,educational, and community development purposes under Section 501(c)(3) of theInternal Revenue Code. The organizations mission is to promote workforce development,sustainability, and access to emerging technologies in underserved communities withinthe Los Angeles Harbor Area. UHAA provides educational programs, technical training,career development pathways, and community outreach initiatives focused on emergingtechnologies, STEM education, and digital innovation. Through partnerships with localschools, nonprofits, and public agencies, UHAA seeks to empower youth and adults withthe skills, resources, and opportunities necessary to achieve economic mobility andcommunity resilience.

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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 $450,047

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $450,047

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,765

Fundraising Expenses $0

Program Expenses $15,223

Other Expenses $42,782

TOTAL EXPENSES $501,547

Year-over-Year Comparison

	2024	2023	Change
Revenue	$450,047	N/A	N/A
Expenses	$501,547	N/A	N/A
Net Income	$-51,500	N/A	N/A

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

N/A

Employees

N/A

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

$120,000

Total Directors

$256,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD G LUNA	CEO	40.00	Officer Director	$120,000	$0	$120,000
ROBERT TRANI	Director	40.00	Director	$82,500	$0	$82,500
ELIZABETH HERNANDEZ	Director	40.00	Director	$54,000	$0	$54,000

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	$450,047	$501,547	$12,271	$-51,500

UNITED HARBOR AREA ASSOCATION