HARMONY LIBRARY ASSOCIATION (EIN 050346857) - 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

1940

Legal Domicile

Principal Officer

GAYLE WOLSTENHOLME

Phone

4019492850

Tax Period

2022-07-01 to 2023-06-30

HARMONY LIBRARY ASSOCIATION, founded in 1940, is a small nonprofit that reported $285K in total revenue in fiscal year 2022. Net assets of $590K represent 25 months of operating reserves.

Mission

PROVIDE A RESOURCE OF BOOKS, PUBLICATIONS AND OTHER LIKE SERVICES FOR THE GENERAL PUBLIC.

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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 $274,385

Program Service Revenue $307

Investment Income $8,717

Other Revenue $1,228

TOTAL REVENUE $284,637

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,788

Fundraising Expenses $0

Program Expenses $71,852

Other Expenses $116,564

TOTAL EXPENSES $298,352

Year-over-Year Comparison

	2022	2021	Change
Revenue	$284,637	$270,785	+0.1%
Expenses	$298,352	$285,042	+0.0%
Net Income	$-13,715	$-14,257	0.0%

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
GAYLE WOLSTENHOLME	LIBRARY DIRE	N/A	Officer Director	$0	$0	$0
CHRISTINE BELL	SECRETARY	N/A	Officer	$0	$0	$0
CAROL KUT	TREASURER	N/A	Officer	$0	$0	$0
DAVID CALDERARA	VICE PRESIDE	N/A	Officer	$0	$0	$0
MARAGET CHELLA	PRESIDENT	N/A	Director	$0	$0	$0
LORI RAYMOND	TRUSTEE	N/A	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	$284,637	$298,352	$591,878	$-13,715
2022	$270,785	$285,042	$493,217	$-14,257
2021	$295,996	$289,565	$524,104	$6,431
2020	$261,338	$279,364	$499,115	$-18,026
2019	$263,597	$277,962	$524,716	$-14,365

HARMONY LIBRARY ASSOCIATION