TWIN HARBORS GROUP HOME ASSOCIATION

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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

1976

Legal Domicile

Principal Officer

BARBARA OLSON

Phone

3605334684

Tax Period

2023-01-01 to 2023-12-31

TWIN HARBORS GROUP HOME ASSOCIATION, founded in 1976, is a community nonprofit in the Human Services sector that reported $3.6M in total revenue in fiscal year 2023.

Mission

TO ASSIST PERSONS WITH DEVELOPMENTAL DISABILITIES BY PROVIDING INSTRUCTION AND SUPPORT FOR INDIVIDUALS TO MEET THEIR NEEDS AND ENABLE THEM TO BE A CONTRIBUTING PART OF THE COMMUNITY IN WHICH THEY LIVE. THIS IS ACCOMPLISHED IN SUPPORTIVE LIVING SITUATIONS THROUGHOUT THE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $3,144,210

SUPPORTIVE LIVING PROGRAM SUPPORTS DEVELOPMENTALLY DISABLED INDIVIDUALS BY PROVIDING SMALL GROUP LIVING ARRANGEMENTS IN THE COMMUNITY USING RENTAL HOUSES.

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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 $3,576,413

Program Service Revenue $0

Investment Income $16

Other Revenue $0

TOTAL REVENUE $3,576,429

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,605,275

Fundraising Expenses $0

Program Expenses $3,144,210

Other Expenses $134,171

TOTAL EXPENSES $3,739,446

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,576,429	$3,366,422	+0.1%
Expenses	$3,739,446	$3,444,949	+0.1%
Net Income	$-163,017	$-78,527	+1.1%

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

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

$95,680

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDIE SHORT	SECRETARY/TREASURER	8.00	Officer Director	$0	$0	$0
GREG S PIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
CLYDE ELLIS	BOARD MEMBER	1.00	Director	$0	$0	$0
JEAN LOGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
KAREN VAN OGLE	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA WHITE	BOARD MEMBER	1.00	Director	$0	$0	$0
CHER KELLER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID BANNER	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA OLSON	EXECUTIVE DIRECTOR	40.00	Officer	$95,680	$0	$95,680

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	$3,576,429	$3,739,446	$876,156	$-163,017
2022	$3,366,422	$3,444,949	$1,100,219	$-78,527
2021	$3,175,491	$3,116,842	$1,020,116	$58,649
2020	$3,353,826	$3,343,160	$1,012,701	$10,666
2019	$2,557,520	$2,621,594	$932,568	$-64,074
2018	$2,290,421	$2,343,073	$940,593	$-52,652