Harlem Commonwealth Council Inc (EIN 136271908) - 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

1967

Legal Domicile

Principal Officer

Sharon E Joseph

Phone

2127490900

Tax Period

2023-07-01 to 2024-06-30

Harlem Commonwealth Council Inc, founded in 1967, is a community nonprofit in the Community Improvement sector that reported $6.7M in total revenue in fiscal year 2023. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.0M, a strong 30% operating margin.

Mission

Stimulate overall economic development through creation of enterprises, generation of jobs and improvement of services. Mission accomplished through community development projects, education, training, entrepreneurial loan program, and other support.

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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 $4,009,237

Program Service Revenue $2,354,518

Investment Income $79,024

Other Revenue $299,848

TOTAL REVENUE $6,742,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,339,581

Fundraising Expenses $0

Program Expenses $1,459,518

Other Expenses $2,380,460

TOTAL EXPENSES $4,720,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,742,627	$4,589,344	+0.5%
Expenses	$4,720,041	$4,059,208	+0.2%
Net Income	$2,022,586	$530,136	+2.8%

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

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

$673,285

Total Directors

$425,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph Tait	Secretary/COO	30.00	Officer Director	$320,000	$0	$425,000
E Hamil Douglas	President	30.00	Officer	$37,242	$0	$248,285
Suzanne Hurley	Vice President	30.00		$145,776	$0	$161,974
Ayesha Codrington	Dir. of Finance	30.00		$62,112	$0	$138,026
Terri-Ann Smith	Senior Lending Dir	40.00		$133,182	$0	$133,182
Ericka Powell-Sinclair	Sr. Compliance Dir	40.00		$130,451	$0	$130,451
Christian Damiba	Program Director	40.00		$111,900	$0	$111,900
Sharon E Joseph	Board Chair	2.00	Officer Director	$0	$0	$0
Zevilla Jackson-Preston	Vice Chair	2.00	Officer Director	$0	$0	$0
Michael Johnson	Board Director	2.00	Director	$0	$0	$0
Curtis Archer	Board Director	2.00	Director	$0	$0	$0
Ashli Gibbs	Board Director	2.00	Director	$0	$0	$0
Erik Chiette	Board Director	2.00	Director	$0	$0	$0
Lewiston Murray	Board Director	2.00	Director	$0	$0	$0
Nathaniel Montgomery	Board Director	2.00	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	No data	No data	No data	No data
2024	$6,742,627	$4,720,041	$27,433,787	$2,022,586
2023	$4,589,344	$4,059,208	$23,796,742	$530,136
2022	$4,456,840	$3,467,340	$21,380,890	$989,500
2021	$4,625,925	$3,300,998	$23,103,090	$1,324,927
2020	$5,259,296	$3,649,785	$17,297,472	$1,609,511
2019	$3,438,770	$3,531,260	$15,509,374	$-92,490
2018	$2,579,605	$3,581,880	$15,449,372	$-1,002,275

Harlem Commonwealth Council Inc