HARLEM BUSINESS ALLIANCE INC (EIN 133591350) - 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

1990

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

HARLEM BUSINESS ALLIANCE INC, founded in 1990, is a small nonprofit in the Community Improvement sector that reported $635K in total revenue in fiscal year 2023. Expenses of $832K exceeded revenue, resulting in a 31% operating deficit.

Mission

HBA AIMS TO FACILITATE THE CREATION, SUSTAINABILITY AND GROWTH OF NYC BUSINESSES, PARTICULARLY FOCUSING ON BLACK-OWNED BUSINESSES BY PROVIDING INTENSIVE, CULTURALLY COMPETENT TECHNICAL ASSISTANCE, INNOVATIVE BUSINESS EDUCATION WORKSHOPS, AND A BUSINESS SUPPORT CENTER.

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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 $631,997

Program Service Revenue $2,815

Investment Income $326

Other Revenue $0

TOTAL REVENUE $635,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $554,451

Fundraising Expenses $0

Program Expenses $674,999

Other Expenses $277,900

TOTAL EXPENSES $832,351

Year-over-Year Comparison

	2023	2022	Change
Revenue	$635,138	$653,673	0.0%
Expenses	$832,351	$629,972	+0.3%
Net Income	$-197,213	$23,701	-9.3%

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

$102,564

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONIQUE HECTOR	EXECUTIVE DIRECTOR	35.00	Key Emp	$102,564	$0	$102,564
KENNETH WOODS	CHAIR MEMBERSHIP COMMITTEE	1.00	Director	$0	$0	$0
JASON BENTA	CHAIR FINANCE COMMITTEE	1.00	Director	$0	$0	$0
KENDRA WELDON	MEMBER	1.00	Director	$0	$0	$0
RAMONA GREY-HARRIS	MEMBER	1.00	Director	$0	$0	$0
MARK A SAMUEL	TREASURER	1.00	Officer Director	$0	$0	$0
WALTER EDWARDS	CHAIRMAN	4.00	Officer Director	$0	$0	$0
ADRIANNE C SMITH	SECRETARY	1.00	Officer Director	$0	$0	$0
GEORGE H WELDON JR	2ND VICE CHAIR NOMINATING COM	1.00	Officer Director	$0	$0	$0
LARRY DAIS	1ST VICE CHAIR	1.00	Officer 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
2024	No data	No data	No data	No data
2023	$635,138	$832,351	$566,253	$-197,213
2022	$653,673	$629,972	$757,221	$23,701
2021	$455,335	$441,360	$719,271	$13,975
2020	$410,647	$466,814	$640,516	$-56,167
2019	$508,077	$569,849	$492,327	$-61,772
2018	$633,031	$619,578	$557,262	$13,453

HARLEM BUSINESS ALLIANCE INC