Harbor Community Development Corp (EIN 953119306) - 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

1980

Legal Domicile

Phone

3109475301

Tax Period

2023-01-01 to 2023-12-31

Harbor Community Development Corp, founded in 1980, is a small nonprofit in the Community Improvement sector that reported $240K in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $53K, a strong 22% operating margin.

Mission

Operated to serve low income community providing home repairs as well as operating a teen center providing activities and guidance in hopes of preventing gang affiliations.

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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 $143,863

Program Service Revenue $0

Investment Income $0

Other Revenue $96,000

TOTAL REVENUE $239,863

Expense Breakdown

Grants Paid $3,000

Salaries & Benefits $56,960

Fundraising Expenses $0

Program Expenses $148,766

Other Expenses $127,006

TOTAL EXPENSES $186,966

Year-over-Year Comparison

	2023	2022	Change
Revenue	$239,863	$209,145	+0.1%
Expenses	$186,966	$185,306	+0.0%
Net Income	$52,897	$23,839	+1.2%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Mike Martinez	President	003.00	Officer Director	$0	$0	$0
Maggie DeAlba	Treasurer	003.00	Officer Director	$0	$0	$0
Maggie DeAlba	Secretary	003.00	Officer Director	$0	$0	$0
Mike Herrera	Ex. Director	010.00	Director Key Emp	$0	$0	$0
Roger Gutierrez	Board Member	003.00	Director	$0	$0	$0
Robert Torres	Board Member	003.00	Director	$0	$0	$0
Louie Maciel	Board Member	003.00	Director	$0	$0	$0
Angel Parra Torres	Board Member	003.00	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	$239,863	$186,966	$177,973	$52,897
2022	$209,145	$185,306	$125,076	$23,839
2020	$151,874	$113,917	$84,132	$37,957

Harbor Community Development Corp