HOPE & HARBOR HOMELESS SHELTER

EIN: 872649943 501(c)(3) Human Services

RED WING, MN

Total Revenue
$75,733
Total Expenses
$66,771
Total Assets
$9,225
Net Assets
$8,962
🔒

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

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
MN
Principal Officer
TARI CARPENTER
Phone
6517644294
Tax Period
2022-07-01 to 2023-06-30

HOPE & HARBOR HOMELESS SHELTER, founded in 2021, is a micro nonprofit in the Human Services sector that reported $76K in total revenue in fiscal year 2022. Expenses of $67K left a modest 12% surplus.

Mission

PROVIDE SHELTER FOR INDIVIDUALS AND FAMILIES IN NEED

🔒

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%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $75,733
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $75,733

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,626
Fundraising Expenses $0
Program Expenses $63,173
Other Expenses $14,145
TOTAL EXPENSES $66,771

Year-over-Year Comparison

2022 2021 Change
Revenue $75,733 N/A N/A
Expenses $66,771 N/A N/A
Net Income $8,962 N/A N/A
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

Sign In

Governance

Voting Members
4
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
0
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TARI CARPENTER Chairman 0.50
Director
$0 $0 $0
RACHEL WALTER VICE CHAIR 0.50
Director
$0 $0 $0
KELSEY CROSBY Treasurer 0.50
Director
$0 $0 $0
JENNY LARSON Secretary 0.50
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
2025 No data No data No data No data
2023 $75,733 $66,771 $9,225 $8,962
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare HOPE & HARBOR HOMELESS SHELTER with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.