HARBOR IMPACT FOUNDATION INC (EIN 881377420) - 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

2022

Legal Domicile

Principal Officer

RODNEY ALEXANDER

Phone

8778295500

Tax Period

2023-01-01 to 2023-12-31

HARBOR IMPACT FOUNDATION INC, founded in 2022, is a micro nonprofit in the Youth Development sector that reported $27K in total revenue in fiscal year 2023. Revenue fell 88% from the prior year — a significant decline worth monitoring. Expenses of $149K exceeded revenue, resulting in a 461% operating deficit.

Mission

CHANGING LIVES THROUGH SPORTS. BRINGING YOUNG ATHLETES FROM DIVERSE BACKGROUNDS AND INCOME LEVELS TOGETHER, LEAVING THEIR DIFFERENCES AT THE DOOR AND GETTING TO KNOW EACH OTHER THROUGH A SHARED LOVE OF BASKETBALL, FOOTBALL, SOCCER, VOLLEYBALL, TRACK & FIELD AND MORE.

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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 $26,617

Program Service Revenue $0

Investment Income $10

Other Revenue $0

TOTAL REVENUE $26,627

Expense Breakdown

Grants Paid $11,125

Salaries & Benefits $0

Fundraising Expenses $873

Program Expenses $90,759

Other Expenses $138,360

TOTAL EXPENSES $149,485

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,627	$219,360	-0.9%
Expenses	$149,485	$39,890	+2.7%
Net Income	$-122,858	$179,470	-1.7%

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

N/A

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

$39,068

Total Directors

$39,068

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RODNEY ALEXANDER JR	PRESIDENT	20.00	Officer Director	$39,068	$0	$39,068
BRIAN CONYBEARE	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JAY SCHROEDER	TREASURER	10.00	Officer Director	$0	$0	$0
ALICIA JONES-RAZOR	SECRETARY	1.00	Officer Director	$0	$0	$0
ASHLEY HINES	TRUSTEE	2.00	Director	$0	$0	$0
KERRY WRIGHT	TRUSTEE	1.00	Director	$0	$0	$0
SEAN TODMAN	TRUSTEE	3.00	Director	$0	$0	$0
WILSON CHANDLER	TRUSTEE	1.00	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
2023	$26,627	$149,485	$56,612	$-122,858

HARBOR IMPACT FOUNDATION INC