The Harlem Family Institute

EIN: 133611572 501(c)(3) Health Care

New York, NY

Total Revenue
$137,786
Total Expenses
$291,170
Total Assets
$175,184
Net Assets
$162,924
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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
1992
Legal Domicile
NY
Principal Officer
Michael Connolly
Phone
6464792573
Tax Period
2023-01-01 to 2023-12-31

The Harlem Family Institute, founded in 1992, is a small nonprofit in the Health Care sector that reported $138K in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $291K exceeded revenue, resulting in a 111% operating deficit.

Mission

The institute provides post graduate training in psychoanalysis to trainees who hold at least a masters degree.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $57,606
Program Service Revenue $79,952
Investment Income $228
Other Revenue $0
TOTAL REVENUE $137,786

Expense Breakdown

Grants Paid $100,647
Salaries & Benefits $79,188
Fundraising Expenses $4,253
Program Expenses $247,522
Other Expenses $111,335
TOTAL EXPENSES $291,170

Year-over-Year Comparison

2023 2022 Change
Revenue $137,786 $257,667 -0.5%
Expenses $291,170 $212,378 +0.4%
Net Income $-153,384 $45,289 -4.4%
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

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Governance

Voting Members
12
Independent Members
12
Employees
20
Volunteers
34

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
2
$1,500
Total Directors
13
$21,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Michael Connolly President & Executive Director 8.00
Officer
$1,000 $0 $1,000
David M Abrams Training Director 1.25
Director
$10,000 $0 $10,000
Ernest P Smith Clinical Director 1.25
Director
$6,600 $0 $6,600
Robin Rayford Academic Dean 1.25
Director
$0 $0 $0
Thomas Wagner Secretary 1.25
Officer
$500 $0 $500
Gordon Clay Bailey Board Member 0.25
Director
$0 $0 $0
Victor Bernstein Board Member 0.50
Director
$0 $0 $0
Andrea Dixon Chair & President Emeritus 0.25
Director
$0 $0 $0
Lee Jenkins Chair & President Emeritus 0.25
Director
$1,250 $0 $1,250
Sheila Johnson Board Member 6.00
Director
$2,500 $0 $2,500
Kim Kleinman Board Member 0.25
Director
$650 $0 $650
Marjory Slobetz Board Member 0.25
Director
$0 $0 $0
Kealy Ny Board Member 0.25
Director
$0 $0 $0
Michael Salhani Board Member 5.00
Director
$0 $0 $0
Sulton Stack Board Member 0.25
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 $137,786 $291,170 $175,184 $-153,384
2022 $257,667 $212,378 $306,630 $45,289
2021 $380,457 $226,783 $286,822 $153,674
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