HARC INC (EIN 060710289) - 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

1951

Legal Domicile

Principal Officer

RUSSELL COLEMAN

Phone

8602186000

Tax Period

2024-07-01 to 2025-06-30

HARC INC, founded in 1951, is a mid-sized nonprofit in the Human Services sector that reported $21.9M in total revenue in fiscal year 2024. Expenses of $21.2M left a modest 3% surplus.

Mission

TO HELP PEOPLE WITH INTELLECTUAL DISABILITY AND THEIR FAMILIES ENJOY LIVES OF QUALITY, INCLUSION AND DIGNITY BY PROVIDING SUPPORT, EDUCATION AND ADVOCACY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $19,649,408

Program Service Revenue $1,988,888

Investment Income $166,320

Other Revenue $89,269

TOTAL REVENUE $21,893,885

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,892,717

Fundraising Expenses $424,958

Program Expenses $17,915,946

Other Expenses $4,213,631

TOTAL EXPENSES $21,166,348

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,893,885	$21,483,416	+0.0%
Expenses	$21,166,348	$19,598,052	+0.1%
Net Income	$727,537	$1,885,364	-0.6%

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

394

Volunteers

120

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

$578,324

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RUSSELL COLEMAN	PRESIDENT AN	39.00	Officer	$191,382	$57,061	$248,443
BRENDA BARTLETT	DIRECTOR OF	40.00	Highest	$170,562	$15,688	$186,250
JOSHUA LABONTE	CFO	40.00	Officer	$148,359	$26,824	$175,183
MARIAN LEIST	COO	40.00	Officer	$129,722	$24,976	$154,698
TONIKA AZIZ	RES SUPPORT	40.00	Highest	$128,534	$12,289	$140,823
ELOISE MONGILLO	DIRECTOR OF	40.00	Highest	$116,181	$23,759	$139,940
CHRISPOHER BROTHERS	SR DIR OF HR	40.00	Highest	$116,350	$9,848	$126,198
ANGELA BOGLE	RES SUPPORT	40.00	Highest	$104,063	$9,888	$113,951
MICHAEL ANDREINI	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
JEFFREY M FORD CPA	TREASURER/VI	1.00	Officer Director	$0	$0	$0
GREGORY CALNEN	BOARD CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL COLE	BOARD MEMBER	1.00	Director	$0	$0	$0
BETH MAZZA	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDA NAWROT	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTINE BOLECEK-SKEGGS PHD	SECRETARY/VI	1.00	Officer Director	$0	$0	$0
MICHELLE SEAGULL	BOARD MEMBER	1.00	Director	$0	$0	$0
DIANNE SOUCY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOSHUA STARR	BOARD MEMBER	1.00	Director	$0	$0	$0
ERNESTINE WEAVER	BOARD MEMBER	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
2025	$21,893,885	$21,166,348	$14,666,985	$727,537
2024	$21,483,416	$19,598,052	$12,449,448	$1,885,364
2023	$19,266,027	$19,510,617	$9,286,921	$-244,590
2022	$21,432,465	$17,466,755	$9,020,938	$3,965,710
2021	$14,894,657	$16,798,695	$7,839,800	$-1,904,038
2020	$17,796,706	$17,762,180	$9,734,104	$34,526
2020	$17,796,706	$17,670,657	$9,581,222	$126,049
2019	$16,844,719	$17,171,319	$7,243,262	$-326,600
2018	$16,649,917	$15,304,077	$7,788,214	$1,345,840

HARC INC