HOPE & HARBOR HOMELESS SHELTER

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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

2021

Legal Domicile

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

Program Service Accomplishments

Program 1

Expenses: $63,173

THE ORGANZATION PROVIDES SAFE SHELTER AND TWO MEALS PER DAY TO HOMELESS GUESTS IN GOODHUE COUNTY, MINNESOTA FOR THE MONTHS OF NOVEMBER THROUGH MARCH. ACCESS TO RESOURCES THAT PROVIDE ADDITIONAL HELP TO THE GUESTS IS ALSO PROVIDED. THE ORGANIZATION SERVED GUESTS FOR 111 NIGHTS DURING THE YEAR. A TOTAL OF 686 NIGHTS OF CARE WERE PROVIDED TO 49 GUESTS.

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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 (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

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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

Total Directors

Key Employees

Highest Compensated

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